Under a Defined Benefit Pension Plan

question 51

Multiple Choice

Under a defined benefit pension plan,

• A)actuarial computations are unnecessary.
• B)accounting for annual pension expense is simple.
• C)retirement payments are based on the amount accumulated in the pension fund.
• D)the employer guarantees the employees certain benefits upon retirement.

---

Definitions:

Knowledge Management

The creation of systems to locate, produce, capture, curate, move, and capitalize upon knowledge for organizational benefit.

Digital Archive

An online repository that stores and provides access to digital copies of historical documents or media.

Tech World

Refers to the global industry and community involved in the creation, distribution, and management of technology and technological products, services, and innovations.

Platform Capitalism

The use of digital infrastructure that enables two or more groups (typically, users and providers of a service) to interact, which is the basis of the on-demand, sharing, and gig economies.