When a Company Sets Up a Defined Contribution Pension Plan

question 9

Multiple Choice

When a company sets up a defined contribution pension plan, the ________ bears all the risk and the ________ receives all the return from the plan's assets.

• A) employee; employee
• B) employee; employer
• C) employer; employee
• D) employer; employer

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Definitions:

Risk Society

A concept describing modern societies as increasingly preoccupied with the future and also with safety, often addressing risks that are a consequence of technological development.

Technological Hazards

Hazards originating from technological or industrial accidents, infrastructure failures, or certain human activities that may cause harm to people and the environment.

Global Danger

A threat or risk that affects people or environments at a worldwide scale, encompassing issues like climate change, pandemics, and international conflicts.

Technopoly

A culture or society that promotes the ideology that the primary, if not the only, means to solve problems and improve life is through technological solutions and innovation.