Which of the Following Characteristics Is Not a Characteristic of a Cash

question 100

Multiple Choice

Which of the following characteristics is not a characteristic of a cash balance plan?

• A)Similar in many aspects to a defined benefit plan.
• B)Employee bears the investment risk and rewards.
• C)Establishes allocations to individual employee accounts.
• D)Payout depends on how much builds up over time in the employee's individual account.
• E)None of the above.

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Definitions:

Two-sided Test

A hypothesis test that allows for the exploration of relationships in both directions, testing for the possibility of an effect in either direction.

P-value

The likelihood of test results being as significantly extreme or more so than what was observed, on the pretext that the null hypothesis is correct.

Two-sided Test

A statistical hypothesis test which determines if there is a significant difference in either direction between the groups or variables being studied.

One-sided Test

A hypothesis test in which the alternative hypothesis specifies a direction of the statistical significance, either greater than or less than a certain value.