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A major difference between defined benefit pension plans and defined contribution pension plans is that In defined benefit plans, the risk of loss is borne

  1. A major difference between defined benefit pension plans and defined contribution pension plans is that

In defined benefit plans, the risk of loss is borne primarily by the employer

Accounting for defined benefit plans is much simpler than accounting for defined contribution plans.

Employees generally are required to contribute to defined contribution plans but not to defined benefit plans.

There is no major difference between the two kinds of pension plans

ANSWER CHOICE B IS INCORRECT

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