Answer:
Differences Between a Defined Contribution Pension Plan and a Defined Benefit Pension Plan.
With a defined contribution pension plan, the benefit that will accrue to the employee is not known or defined ahead of her retirement. But the contributions that will be made by the employer and the employee to fund the pension are clearly spelt out.
With a defined benefit pension plan, the benefit (i.e. the monthly payment to the retiree) is stated ahead of the pension time. It is based on the employee's tenure and salary. Employees do not contribute to the plan but are entitled to lifetime monthly payments.
Explanation:
The employer and each employee contribute some certain percentages to each worker's individual retirement account (IRA) under the defined contribution pension plan. Under the defined benefit pension plan, the employer is solely responsible for funding the plan and the employee benefits via a monthly payment from the funding plan during retirement.
Answer:
The answer is Concentrated Marketing
Explanation:
Concentrated Marketing is a strategy whereby a product is developed and marketed for a very well defined and specific segment of the consumer population.
Corporations usually have greater financial strength than do other forms of business organizations.
Commercial enterprise is the interest of making one's living or being profitable by using producing or shopping for and selling products. it is also "any interest or business enterprise entered into for earnings.
A commercial enterprise is described as a corporation or enterprising entity engaged in business, business, or expert activities. organizations can be for-earnings entities or non-earnings businesses. commercial enterprise sorts a variety from limited legal responsibility agencies to sole proprietorships, businesses, and partnerships.
The definition of business is a profession or trade and the acquisition and sale of services or products to make an income. An instance of enterprise is farming. An instance of commercial enterprise is a house sale.
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Answer: Positive, Normative
Explanation: Positive economics is based on facts and objects that can be verified. While, normative economics is based on value based judgement that are difficult to verify.
Making a prediction today about the world's population in twenty years <em>based on current growth trends</em> is an example of <em>positive economics</em>.
<em>Advising</em> the residents of a town to choose a toll road over a freeway extension due to a limited budget and high trucking usage is an example of <em>normative economics</em>.
