A Plan Is Referred to as Noncontributory When

question 51

Multiple Choice

A plan is referred to as noncontributory when:

• A) it is tax deductible
• B) only the employee contributes to it
• C) only the employer contributes to it
• D) only the federal government contributes to it
• E) the employer matches any finds the employee chooses to contribute

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Definitions:

Marginal Product

Represents the additional output that can be produced by adding one more unit of a specific input, keeping other inputs constant.

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs (goods and services) produced per input used (such as labor, materials, and capital).

Resource

An economic or productive factor required to accomplish an activity, often considered in terms of time, labor, capital, and materials.

Complementary Resource

refers to inputs or goods that are used together with another resource or good to produce a product or service.