Pension plans in which employee benefits are set by the plan and the employer contributions are adjusted to meet those benefits is called a

A) defined benefit plan.
B) defined contribution plan.
C) a fully vested plan.
D) an unfunded plan.


A

Economics

You might also like to view...

A commercial bank creates money when it does all the following except ______

A. decreases its excess reserves B. makes loans C. creates deposits D. puts cash in its ATMs

Economics

As the interest rate increases, the present value of a future payment

A) increases. B) decreases. C) does not change. D) approaches infinity.

Economics

Which is a disadvantage of a sole proprietorship?

a. lack of permanence b. high taxes c. legal constraints d. difficult to start up

Economics

An oligopoly is an industry with just one firm.

Answer the following statement true (T) or false (F)

Economics