The Word "Pension" Most Accurately Describes

question 42

Multiple Choice

The word "pension" most accurately describes

• A)defined-contribution plans.
• B)defined-benefit plans.
• C)457 plans.
• D)IRAs.

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Definitions:

High Degree of Autonomy

A work condition where employees have significant control and discretion over how they perform their tasks.

Work Processes

The series of activities and tasks that are carried out in order to achieve a specific outcome within an organization.

Functional Departments

Divisions within an organization, each specialized in certain functions such as marketing, finance, or human resources, to ensure operational efficiency.

Functional Structure

Is an organizational design that groups employees based on their functional roles or specializations, such as marketing or finance.