Which of the Following Is Not a Requirement for a Qualified

question 199

Multiple Choice

Which of the following is not a requirement for a qualified pension plan?

• A) It cannot discriminate in favor of highly paid employees.
• B) It must cover at least 80% of the employees.
• C) It must be funded in advance of retirement.
• D) Benefits must vest after a specified period of service, commonly five years.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.