Which type of retirement plan guarantees a specified level of retirement income?
A. 401(k) plan
B. Profit sharing plan
C. Money purchase plan
D. Defined benefit plan
E. Employee stock ownership plan
Ans: D. Defined benefit plan
Business
You might also like to view...
For diversified firms, horizontal relatedness refers to the relatedness between _____.
A. business units B. value chains C. departments D. managers
Business
Which of these types of loans requires a balloon payment?
A. Fully amortized loan B. Partially amortized loan C. Adjustable-rate loan D. VA loan
Business