A 401K Is an Example of a Defined Benefit Plan

question 86

True/False

A 401K is an example of a defined benefit plan.

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Definitions:

Chauvinism

An attitude of superiority towards members of the opposite sex or belief in the superiority of one's own group or people.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination against others.

Sexism

Discrimination based on gender, often resulting in the undermining of a person's abilities, contributions, or rights.

Narcotic Use

The consumption or administration of drugs that induce sleep or narcosis, often referred to in the context of substances that dull the senses and relieve pain, potentially leading to dependence.