Which of the Following Characteristics Describes a Defined Benefit Plan

question 20

Multiple Choice

Which of the following characteristics describes a defined benefit plan?

• A) Subject to PBGC plan termination insurance rules.
• B) An account for each participant is not established.
• C) Defines the amount the employer is required to contribute.
• D) Only a. and b.
• E) a., b., and c.

---

Definitions:

International Specialization

The economic strategy where countries focus on producing goods and services they are most efficient at in order to trade for goods they are less efficient at producing.

Domestic Consumers

Individuals or households within a country that purchase goods and services for personal use or consumption.

Domestic Producers

Companies or individuals that produce goods and services within a country's borders, contributing to the domestic economy.