Quiz & Worksheet - Pension Definition, Retirement Plans & 401k

Instructions:

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question 1 of 3

A defined benefit plan is a type of plan with which of the following?

A fluctuating monthly amount of money

A tax-funded monthly stipend

A guaranteed monthly amount of money

A set stipend given regardless of an employee's service years

Worksheet

1.
The Social Security program in the United States is an example of what type of pension?

A state pension
A social pension
A single-employer pension
A money-purchase pension

2.
Which of the following jobs would be most likely to receive a 401(k) rather than a pension plan?

A police officer
A teacher
A firefighter
A salesperson

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You are viewing quiz Quiz 116 in chapter 3 of the course:

General Business and Finance Lessons Course Practice

8 chapters | 427 quizzes

Ch 1. General Business and Finance

Ch 2. General Business History

Ch 3. General Accounting & Finance

Ch 4. General Business Operations

Ch 5. General Economics

Ch 6. General Human Resources

Ch 7. General Marketing

Ch 8. General Real Estate

Pension Definition, Retirement Plans & 401k - Quiz & Worksheet

A defined benefit plan is a type of plan with which of the following?

Already registered? Log in here for access

1.
The Social Security program in the United States is an example of what type of pension?

2.
Which of the following jobs would be most likely to receive a 401(k) rather than a pension plan?

Explore our library of over 88,000 lessons

A defined benefit plan is a type of plan with which of the following?

Already registered? Log in here for access

1. The Social Security program in the United States is an example of what type of pension?

2. Which of the following jobs would be most likely to receive a 401(k) rather than a pension plan?

Explore our library of over 88,000 lessons

1.
The Social Security program in the United States is an example of what type of pension?

2.
Which of the following jobs would be most likely to receive a 401(k) rather than a pension plan?