Final answer:
The subject of this question is Business. The correct answer is Retail Businesses.
Step-by-step explanation:
The subject of this question is Business. The options provided represent different types of businesses or services. Based on the given choices, the correct answer is Retail Businesses. The Women's Shoe Store falls under the category of retail businesses as it sells apparel, which is mentioned in the provided reference. The gas station and bicycle repair shop do not fall under the categories of automotive services, technology companies, or food establishments. Therefore, the correct answer is a) Retail Businesses.
A type of pension plan that defines retirement benefits ahead of time through a predetermined formula is known as a Defined Benefit (DB) pension plan. In a DB plan, the retirement benefits are typically based on factors such as an employee's salary history and years of service. The formula calculates a specific, predetermined benefit that retirees will receive during their post-employment years.
The advantage of a Defined Benefit plan is that it provides employees with a predictable and assured income in retirement. Employers bear the investment risk and are responsible for ensuring there are sufficient funds to meet the promised benefits. This distinguishes it from a Defined Contribution (DC) plan, where the contributions are defined, but the actual retirement benefits depend on the plan's investment performance. Defined Benefit plans are common in traditional pension arrangements offered by many employers.