Which of the following philosophies asserts that ownership of the means of production belongs in the hands of individuals and private businesses?

Individual productivity is the performance or contribution of one person over a specified period of time

Indicate whether the statement is true or false

Many older companies have changed from a defined-benefit plan to a(n) ________, which is a retirement plan where workers are credited with a percentage of their pay each year, plus a predetermined rate of interest

A) funded pension plan B) cash balance plan C) unfunded pension plan D) percentage plus inflation plan E) none of the above