Which one of the following statements does not describe a defined benefits plan?
(a) funded by a specified payment to the account of each participant
(b) includes a formula that defines the benefit an employee is to receive
(c) annual contribution by employer made on an actuarial basis
(d) employees can be required to contribute to the plan
a
Business
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A typical practice of many companies is to distribute part of the earnings to shareholders through ________
A) quarterly stock splits B) quarterly cash dividends C) semiannual cash dividends D) annual stock dividends
Business
Which of the following is not included in the prospectus?
A) Redemption fee B) Expenses including management fees C) Expenses including advertising and marketing fees D) Advice on when to buy and sell
Business