In Virtual Corp's pension plan, the amount that an employee is to receive upon retirement is set

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In Virtual Corp's pension plan, the amount that an employee is to receive upon retirement is set in advance based on the employee's years of service, average earnings, and age at retirement. This is a

contributory plan.

noncontributory plan.

defined-benefit plan.

defined-contribution plan.

Related Book For answer-question

Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

ISBN: 978-0324656633

5th edition

Authors: Cliff T. Ragsdale

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Posted Date: Nov 22, 2023 06:03 AM

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In Virtual Corp's pension plan, the amount that an employee is to receive upon retirement is set

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Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science

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