The kind of pension plan which follows a formula to determine retirement benefits is classified as?
Option A: defined benefit pension plan
Option B: defined contribution pension plan
Option C: defined noncontributory pension plan
Option D: deferred contribution pension plan
Correct Answer: defined benefit pension plan ✔
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Option A: contributory versus noncontributory
Option B: defined contribution versus defined benefit
Option C: qualified versus non-qualified
Option D: all of above
Correct Answer: all of above ✔
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Option A: insured compensation
Option B: supplemental compensation
Option C: workers compensation
Option D: optional compensation
Correct Answer: workers compensation ✔
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Option A: compensation pay
Option B: supplemental pay
Option C: sick leave pay
Option D: severance pay
Correct Answer: severance pay ✔
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The workers compensation, disability insurance, health and hospitalization costs are all types of?
Option A: employment benefits
Option B: unemployment benefits
Option C: insurance benefits
Option D: optional benefits
Correct Answer: insurance benefits ✔
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Option A: supplemental unemployment benefits
Option B: supplemental employment benefits
Option C: optional employment benefits
Option D: optional unemployment benefits
Correct Answer: supplemental unemployment benefits ✔
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Option A: early retirement window plan
Option B: employee stock ownership plan
Option C: cash balance plan
Option D: severance pay plan
Correct Answer: employee stock ownership plan ✔
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Option A: insurance benefits
Option B: pay for time not worked
Option C: retirement benefits
Option D: all of above
Correct Answer: all of above ✔
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Option A: optional insurance
Option B: unemployment insurance
Option C: supplemental insurance
Option D: compensatory insurance
Correct Answer: unemployment insurance ✔
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Option A: severance sharing
Option B: flexible sharing
Option C: benefit sharing
Option D: job sharing
Correct Answer: job sharing ✔
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Option A: compatibility
Option B: durability
Option C: portability
Option D: profitability
Correct Answer: portability ✔
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Option A: preferred health organization
Option B: health maintenance organization
Option C: preferred provider organizations
Option D: preferred maintenance organizations
Correct Answer: health maintenance organization ✔
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Option A: workplace flexibility
Option B: work hour flexibility
Option C: work week flexibility
Option D: contributory flexibility
Correct Answer: workplace flexibility ✔
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Option A: supplemental pay benefits
Option B: optional pay benefits
Option C: compensation law benefits
Option D: unemployment pay benefits
Correct Answer: supplemental pay benefits ✔
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Option A: compensation law benefits
Option B: supplemental pay benefits
Option C: optional pay benefits
Option D: unemployment pay benefits
Correct Answer: supplemental pay benefits ✔
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Option A: deferred work week
Option B: compressed work week
Option C: flexible work week
Option D: stable work week
Correct Answer: compressed work week ✔
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Option A: vacations and holidays
Option B: lifelong learning
Option C: severance pay
Option D: optional pay benefits
Correct Answer: severance pay ✔
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Option A: benefits
Option B: stock ownership
Option C: loyalty scholarships
Option D: all of above
Correct Answer: benefits ✔
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Option A: optional pay benefits
Option B: unemployment pay benefits
Option C: compensation law benefits
Option D: supplemental pay benefits
Correct Answer: supplemental pay benefits ✔
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Option A: defined benefit pension plan
Option B: defined contribution pension plan
Option C: defined noncontributory pension plan
Option D: deferred contribution pension plan
Correct Answer: defined contribution pension plan ✔
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Option A: cafeteria benefit plans
Option B: fixed benefit plans
Option C: flexible benefit plans
Option D: both a and c
Correct Answer: flexible benefit plans ✔
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Option A: cash balance plan
Option B: severance pay plan
Option C: early retirement window plan
Option D: employee stock ownership plan
Correct Answer: cash balance plan ✔
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Option A: deferred profit sharing plan
Option B: savings and thrift plan
Option C: cash balance plans
Option D: early retirement window
Correct Answer: deferred profit sharing plan ✔
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Option A: cash balance plans
Option B: early retirement window
Option C: deferred profit sharing plan
Option D: savings and thrift plan
Correct Answer: savings and thrift plan ✔
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