Defined Contribution Plans

question 2

Multiple Choice

Defined contribution plans

• A) define the amount of the employee contribution without a specific amount to be recovered at retirement.
• B) are plans where the amount the employee receives at retirement is specifically designated at the time the employee enters the plan.
• C) is a plan that provides medical, surgical or hospital benefits.
• D) None of the choices are correct.

---

Definitions:

Losses Total

The complete sum of all financial losses incurred by an entity during a specified period.

Negligent

Failing to take proper care in doing something, leading to damage or injury to another.

Foreseeable Harm

Damage or injury that a reasonable person should have anticipated as a likely outcome of their actions.

Intoxicated Viewer

A person under the influence of alcohol or drugs while watching media, affecting their perception and interpretation.