Under a Defined Benefit Pension Plan

question 51

Multiple Choice

Under a defined benefit pension plan,

• A)actuarial computations are unnecessary.
• B)accounting for annual pension expense is simple.
• C)retirement payments are based on the amount accumulated in the pension fund.
• D)the employer guarantees the employees certain benefits upon retirement.

---

Definitions:

Minimal Groups

Experimental paradigms used in social psychology to demonstrate how even arbitrary and seemingly meaningless distinctions between groups can lead to discrimination and prejudice.

Normative Influence

Refers to the impact of societal norms on an individual's behavior, often leading to conformity in order to gain social acceptance or avoid social disapproval.

Informational Influence

A form of social influence that involves changing one's behavior or beliefs based on the information received from others.

Ultimate Attribution Error

A bias in which positive behaviors by out-group members are attributed to situational factors, while negative behaviors are attributed to their character or nature.