The types of pension plans include?
Correct answer: D. all of above
- A. contributory versus noncontributory
- B. defined contribution versus defined benefit
- C. qualified versus non-qualified
- D. all of above
Explanation
Pension plans may be classified by contribution status, benefit formula and tax qualification, giving the pairs contributory/noncontributory, defined contribution/defined benefit, and qualified/non-qualified.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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