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Which of the following statements concerning funding policy and objectives is (are) correct? IDefined-benefit plans are required to adopt a funding policy, but it is
Which of the following statements concerning funding policy and objectives is (are) correct? IDefined-benefit plans are required to adopt a funding policy, but it is optional for defined-contribution plans. IIIn defined-contribution plans, the objective may be to offer investment vehicles so that participants can make up their own portfolios. (A)I only(C)Both I and II (B)II only(D)Neither I nor II
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