Which of the Following Characteristics Does Not Describe a Defined

question 90

Multiple Choice

Which of the following characteristics does not describe a defined benefit pension plan?

• A)Actuarial calculations are required to determine the employer's annual contribution.
• B)Upon retirement, the employee's pension amount depends on the value of the employee's account.
• C)Forfeitures must reduce subsequent funding costs and cannot increase the benefits any participant can receive under the plan.
• D)A separate account is not required to be maintained for each participant.
• E)None of the above.

---

Definitions:

Cold Canvassing

The process of approaching potential customers or clients unsolicited, without prior contact or appointment, typically in person or over the phone.

Sales Calls

The act of contacting potential customers directly, typically over the phone or in person, to promote and sell products or services.

Product

An item or service created through a process and offered to the market to satisfy a need or want.

Prospecting Methods

Various strategies used to identify potential customers or clients who might be interested in a company's products or services.