A Defined Contribution Scheme

question 64

Multiple Choice

A defined contribution scheme:

• A) moves any actuarial and investment risk from the employer to the employee.
• B) requires the contribution made by an employer to be recognised as an expense.
• C) will only create a liability for the employer to the extent that any agreed contribution remains unpaid at the end of the financial year.
• D) All of the given answers are correct.

---

Definitions:

Working Backward

A problem-solving strategy that starts from the desired solution and works in reverse to determine the steps needed to achieve that solution.

Anagrams

Words or phrases formed by rearranging the letters of another word or phrase, typically resulting in a word or phrase that has a different meaning.

Contest

A competition where individuals or teams compete against each other to win a prize or gain recognition.

Semantic Slanting

The deliberate choice of words or phrases to create a specific impression or evoke a particular response, often used in persuasive communication.