A Defined Contribution Scheme

question 17

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) Requires employers to measure their obligations on an undiscounted basis, unless they are not wholly due within the 12 months after the period in which the employee rendered their services.
• E) All of the given answers.

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Definitions:

Top Management

Top management consists of the highest-level executives and decision-makers in an organization responsible for determining its strategy, direction, and policies.

Mechanistically or Organically

Describes organizations on a continuum from highly structured and hierarchical (mechanistic) to more flexible and adaptive (organic) structures.

Span of Control

The number of subordinates that a manager or leader can effectively oversee, control, or influence.

Dividing Up Tasks

Involves breaking down a project or job into smaller, more manageable parts and assigning them to different team members.