An Employer May Choose to Match the Contribution Made by Employees

question 104

Multiple Choice

An employer may choose to match the contribution made by employees in a

• A) 401(k) plan or a salary-reduction plan.
• B) Money-purchase plan.
• C) Stock bonus plan.
• D) Profit-sharing plan.
• E) Individual retirement account.

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Definitions:

Colonization

The process by which a country establishes control over a foreign territory, subjecting it to its rule and often settling it with its own populace, impacting the indigenous culture and society.

Land Ownership

The legal or rightful ownership of land, involving the rights to use, control, and transfer land as property.

John Winthrop

An English Puritan lawyer and one of the leading figures in founding the Massachusetts Bay Colony, the second major settlement in New England following Plymouth Colony.

City Upon a Hill

A metaphor from a sermon by Puritan leader John Winthrop, this term highlights the belief that the American colonies had a special mission to serve as a beacon of purity and morality.