In the Term Thermometer, the Suffix -Meter Means

question 34

Multiple Choice

In the term thermometer, the suffix -meter means:

• A) measuring instrument.
• B) temperature.
• C) heat recording.
• D) instrument.

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Definitions:

Projected Benefit Obligation

Represents an estimate of the total amount to be paid to participants in a defined benefit pension plan, based on employees' service and salary history.

Prior Service Cost

The cost associated with retroactive benefits granted in a pension plan amendment, recognized over the service lives of affected employees.

Plan Assets

Assets that are specifically earmarked to pay pension benefits, typically held in a pension fund.

Pension Expense

An accounting charge representing the cost to a company of providing retirement benefits to employees during a particular time period.