The Key Elements of a Defined Benefit Pension Plan Include

question 219

Multiple Choice

The key elements of a defined benefit pension plan include all of the following except:

• A) The pension expense.
• B) The plan assets.
• C) Amortized future benefits.
• D) The employer's obligation.

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, possessing ownership interests and rights to dividends.

Owned

The state of having legal rights to possess, use, and control a property or asset.

Reserve Army

Reserve army typically refers to a body of trained citizens held in readiness as a military force to be called upon in specific circumstances, but in Marxist theory, it also denotes the surplus labor available for capital exploitation.

Unemployed

Individuals who are without a job and actively seeking work.