Which of the Following Statements Is Incorrect

question 40

Multiple Choice

Which of the following statements is incorrect?

• A)A SIMPLE plan is an employer-sponsored retirement plan.
• B)A payment to a beneficiary from a pension plan is called a distribution.
• C)Tax-deferred plans can be created for purposes other than retirement.
• D)Retirement plans are always funded with contributions that have not been taxed,so the withdrawals are taxed.

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Definitions:

Underselling

The practice of selling goods or services at a lower price than competitors, potentially to gain market share.

Japanese Markets

Financial and product markets in Japan, encompassing stock exchanges, commodity trading, and consumer goods markets unique to the Japanese economy.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than competitors using the same amount of resources.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.