Which of the Following Statements Is Incorrect

question 11

Multiple Choice

Which of the following statements is incorrect?

• A)An annuity is a series of payments pursuant to a contract.
• B)A payment to a beneficiary from a pension plan is called a distribution.
• C)Contributions to a pension plan can only be made by the beneficiary.
• D)With a qualified pension plan,earnings on plan assets are not taxed in the year earned.

---

Definitions:

Middle-Class Customers

Consumers belonging to the middle socioeconomic bracket, typically characterized by average income levels, who may drive demand in certain markets.

Multinational Clothing

Clothing brands and companies that operate and sell their products in multiple countries around the world.

Global Market Segmentation

The process of dividing the global market into smaller groups with similar needs or characteristics to target products or services more effectively.

National Markets

The commercial markets within a specific country, focusing on the dynamics and interactions of buying and selling within that nation's borders.