What is true about a defined benefits pension plan?
A. A defined benefit plan defines the amount of cash that an employer must deposit to fulfill its pension obligation to employees.
B. No investment risk is borne by an employer.
C. At the end of the reporting period, an employer can measure exactly the total amount of pension benefits that it is responsible to employees in the future.
D. The benefits to be paid to employees depend on events that are beyond the employer's control.
Ans: D. The benefits to be paid to employees depend on events that are beyond the employer's control.
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Which of the following documents would most likely contain specific rules for the management of a business corporation?
A. Articles of incorporation. B. Bylaws. C. Certificate of authority. D. Shareholders' agreement.