A ____ plan allows a firm to know with certainty the amount of funds to contribute. A ____ plan allows a firm to know with certainty the amount of benefits that must be provided.
A) defined-benefit; defined-benefit
B) defined-contribution; defined-contribution
C) defined-contribution; defined-benefit
D) defined-benefit; defined-contribution
Correct Answer:
Verified
Q3: In recent years, defined-contribution plans have commonly
Q4: Taking speculative positions in stock options is
Q5: The government agency that guarantees that participants
Q6: Nonqualified private pension plans offer tax deferral
Q7: Pension funds managed by life insurance companies
Q9: The composition of the stocks in a
Q10: A defined-benefit plan provides benefits that are
Q11: With a _ funding strategy, investment decisions
Q12: To deal with the problem of underfunded
Q13: If pension fund investment decisions are made
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