Which of the Following Statements Regarding Defined Benefit Plans Is

question 101

Multiple Choice

Which of the following statements regarding defined benefit plans is false?

• A)The benefits are based on a fixed formula.
• B)The vesting period can be based on a graded or cliff schedule.
• C)Employees bear the investment risks of the plan.
• D)Employers are generally required to make annual contributions to meet expected future liabilities.

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Definitions:

Coax

To persuade someone gently and persistently to do something or to obtain something by using flattery or gentle urging.

Egocentrism

The inability to differentiate between one's own perspective and someone else's, often observed in early child development.

Anthropomorphism

The attribution of human traits, emotions, or intentions to non-human entities, including animals, natural phenomena, or objects.

Moral Judgments

Evaluations or decisions made based on the principles of right and wrong behavior.