The Most Successful Solutions or Methods for Achieving a Business

question 83

Multiple Choice

The most successful solutions or methods for achieving a business objective are called

• A) value activities.
• B) best processes.
• C) core competencies.
• D) best practices.

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Definitions:

Projected Benefit Obligation

An actuarial estimate of the total value of future pension benefits owed to employees, based on their service and salary history, to be paid by a pension plan.

Pension Plan Assets

The resources set aside by a company to meet future pension obligations to retirees, usually in the form of investments.

Actuarial Assumptions

Hypothetical conditions used for projecting financial or insurance outcomes, involving demographic, economic, and other factors.

Prior Service Cost

The cost associated with the increase in pension benefits related to years of service credited in a pension plan amendment.