A 401k Plan

question 43

Multiple Choice

A 401k plan:

• A) is a type of defined contribution pension plan.
• B) is a type of defined benefit pension plan.
• C) creates a liability for the employer.
• D) creates a liability for the employee.

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Definitions:

Market Share

The percentage of total sales or revenue in an industry generated by a specific company, indicating its size and competitiveness in the market.

Dollar Sales

The total revenue generated from the sale of goods or services, measured in dollars.

Fixed-price Policy

A pricing strategy where a product or service is sold at a specific price that does not change in response to market fluctuations or customer negotiations.

No Haggle

A pricing strategy where the seller sets a fixed price for a product or service, eliminating the need for negotiation.