Malcolm is interviewing for a new job and he is evaluating the quality of the pension
plans offered for each company he is considering. One company offers a pension plan
in which the company will make all contributions to the plan and will base his pension
benefit on a formula linked to his pay at the time of retirement and the number of years
he was with the firm. This pension plan could be classified as ________.
A) qualified, defined benefit
B) non-contributory, defined benefit
C) non-contributory, defined contribution
D) contributory, qualified
The first step in creating a training program is to ________.
A) assess the program’s successes or failures
B) design the program content
C) analyze employees’ training needs
D) train the targeted group of employees