Which of the Following Statements Is Incorrect

question 95

Multiple Choice

Which of the following statements is incorrect?

• A)Individual-based retirement plans include a Roth IRA.
• B)Distributions from a pension plan may be made in a lump sum or may be spread out in payments over many years.
• C)Tax-deferred plans can be created for purposes other than retirement.
• D)If a pension plan is funded with contributions that have not been taxed,the distributions will not be taxed.

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Definitions:

Profit-maximizing

A business strategy aimed at achieving the highest possible profit through adjusting production levels, pricing, or other operational methods.

Marginal Revenue Product

The increased earnings resulting from the utilization of one more production factor unit.

Profit-maximizing

The process of adjusting the production and sale of goods and services to achieve the highest possible profit.

Marginal Product

The additional output gained by adding one more unit of a specific input, holding all other inputs constant.