Which of the Following Entities Is Compelled to Pay Premiums

question 2

Multiple Choice

Which of the following entities is compelled to pay premiums to the Pension Guaranty Trust Corporation?

• A)Defined benefit pension programs
• B)Defined contribution programs
• C)Ponzi schemes
• D)Social Security

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Definitions:

Group-based Incentive System

A reward system where incentives are given to a group of employees based on their collective performance.

Knowledge-based Pay Plan

A compensation strategy where employees are paid based on their skills, knowledge, and abilities, rather than their job title or position.

Skill Variety

The degree to which a job requires a variety of different activities that involve the use of a number of different skills and talents of the person performing the job.

Motivation

Motivation refers to the processes that account for an individual's intensity, direction, and persistence of effort toward attaining a goal.