Which of the Following Statements About Defined Contribution Plans Is

question 6

Multiple Choice

Which of the following statements about defined contribution plans is incorrect?

• A) In general, employees can choose the investment vehicle under a defined contribution plan.Thus, highly risk-averse employees can choose low-risk investments, while more risk-tolerant employees can choose high-risk investments.
• B) In a defined contribution plan, the employer must make larger-than-average contributions to the pension plan when investment returns have been below expectations.
• C) Defined benefit plans are used more often by large corporations than by small companies.
• D) The PBGC insures a portion of pension benefits.
• E) A defined contribution plan places the risk of poor pension portfolio performance on the employee.

Understand the framework and significance of laws, ethics, and standards in healthcare.

Recognize legal implications of professional actions or omissions in healthcare practices.

Understand the ethical principles and legal requirements for maintaining patient confidentiality and privacy.

Grasp alternative dispute resolution mechanisms, such as arbitration, in the context of healthcare.

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Definitions:

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places open to the general public.

EEOC

Equal Employment Opportunity Commission, a federal agency responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability or genetic information.

Reasonable Accommodations

Adjustments or modifications provided in the workplace or other environments to enable individuals, especially those with disabilities, to perform tasks or access services.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.