An Example of Work That Usually Fits into the Category

question 34

Multiple Choice

An example of work that usually fits into the category of the informal sector is __________.

• A)sales clerk in a department store
• B)professional basketball player
• C)social worker
• D)college professor
• E)sex worker

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Definitions:

Defined Contribution Plans

A type of retirement savings plan where the amount of the employer's annual contribution is specified, with the future retirement benefits depending on the investment's performance.

Defined Benefit Plans

A type of pension plan where an employer promises a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.

Portable

Refers to something that is easily movable or transferable from one context or use to another.

Notice Periods

Duration of time employees are required to continue working between informing their employer of their departure and their last working day.