Characteristics of Profit-Sharing Plans Include All of the Following with the Exception

question 6

Multiple Choice

Characteristics of profit-sharing plans include all of the following with the exception of:

• A)A predetermined formula is used to allocate employer contributions to individual employees and to establish benefit payments.
• B)Forfeitures of benefits under the plan may be reallocated to the remaining participants.
• C)The company must make contributions to the plan if it has profits during the year.
• D)Annual employer contributions are not required,but substantial,recurring contributions must be made to satisfy the requirement that the plan be permanent.

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Definitions:

Evolution

The change in the genetic composition of a population over successive generations, often leading to the development of new species.

Gene Pool

All the alleles of all the genes present in a freely interbreeding population.

Populations

A group of individuals of the same species living and interacting in a particular geographic area.

Mutations

Alterations in the DNA sequence that can lead to changes in the structure and function of proteins produced by genes.