"Defined benefit" and "defined contribution" are concepts introduced as the text explores:
A) hospital services
B) constitutions
C) bureaucracy
D) pensions
E) trade

Question

Quizplus · Accepted Answer

The concepts of "defined benefit" and "defined contribution" are related to pensions, which are retirement plans provided by employers. "Defined benefit" means the employer guarantees a specific retirement benefit, while "defined contribution" means the employer contributes a specific amount to the employee's retirement account to invest and grow, but does not guarantee a specific retirement benefit.

"Defined Benefit" and "Defined Contribution" Are Concepts Introduced as the Text