Question

When an employer makes a regular dollar payment to an account in a managed fund, and the retirement benefit is determined by the investment gains or losses of the fund, it is a(n) A. defined contribution plan B. defined benefit plan C. employee stock ownership plan D. tax-deferred 401(k) plan Reset Selection

Question 6 of 73 1.0 Points The Plant Closing Act is more commonly known as the: A. National Labor Relations Act B. Fair Labor Standards Act C. Worker Adjustment and Retraining Notification Act (WARN) D. Selective Training and Service Ac

Answer 1

A. Defined contribution plan is the plan under which the employer makes a specified dollar payment to an account in a managed fund, and the retirement benefit depends on the investment gains or losses by the fund.

C. Worker Adjustment and Retraining Notification Act (WARN) is the act which is more commonly known as the Plant Closing Act. Whereas the remaining ones are irrelevant in this context.