Which of the Following Is True About Defined Contribution Plans

question 54

Multiple Choice

Which of the following is true about defined contribution plans?

• A)They shift the investment risk to the employer.
• B)They present greater administrative challenges to employers.
• C)They promise a specific benefit level for employees upon retirement.
• D)They are preferred more in smaller companies than larger ones.
• E)They have become less common.

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Definitions:

Ethical Principle

Guiding standards of conduct that help determine what is good or right in moral terms.

Justice

The principle of fairness where individuals receive what they are due, often applied in legal and ethical contexts.

American Psychological Association

A professional organization representing psychology in the United States, known for its publication standards and ethical guidelines in research.

First Authorship

The position attributed to the primary contributor of a multi-authored research paper, indicating the person who has made the most significant contribution to the work.