Which of the Following Statements Is Incorrect

question 98

Multiple Choice

Which of the following statements is incorrect?

• A)Qualified pension plans may be contributory or noncontributory.
• B)An employer can require employees to make contributions as long as the plan is non-discriminatory.
• C)A profit-sharing plan does not qualify as a pension plan because the amount of profit in a year cannot be known in advance.
• D)With a defined-contribution plan,the amount of total retirement benefits is unknown.

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Definitions:

Follower Readiness

The degree to which followers possess the ability and willingness to accomplish a specific task.

Experience

The knowledge or skill acquired by a period of practical exposure to activities, situations, or occurrences.

Relations-oriented Behavior

Behavior focused on creating and maintaining positive interpersonal relationships within a team or organization.

Performance Standards

Benchmarks or criteria used to assess the quality and effectiveness of work or tasks performed by individuals or groups.