An Example of a Type of Plan Where the Amount

question 114

Multiple Choice

An example of a type of plan where the amount the employee receives at retirement is dependent on investment return is a

• A)defined contribution plan.
• B)defined benefit plan.
• C)cash balance plan.
• D)a and b
• E)a, b, and c

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Definitions:

Incentive

A thing that motivates or encourages someone to do something, particularly in economic contexts to influence behaviors.

Dominant Strategy

A strategy in game theory that is best for a player regardless of the strategies chosen by the other players.

Nash Equilibrium

A concept in game theory where no participant can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.

Repeated Games

A situation in strategic interactions where players engage in the same game multiple times, allowing for strategy adjustments based on previous outcomes.