Which of the Following Are Characteristics of the Flat Benefit

question 22

Multiple Choice

Which of the following are characteristics of the flat benefit formula used in defined benefits plans? (Defined Benefit Plans)

• A)An employee's years of service are considered,is determined using a flat amount formula or a flat percentage formula,the benefit is based on a percentage of the employees final average wage or salary
• B)Is determined using a flat amount formula or a flat percentage formula an employee's years of service are considered,the benefit is based on a percentage of the employees final average wage or salary,is based on the employee's last 3-4 years of service
• C)Is based on the employee's last 3-4 years of service an employee's years of service are considered,The benefit is based on a percentage of the employees final average wage or salary,an employee's years of service are considered
• D)The benefits are based on a percentage of the employees final average wage or salary,are based on the employee's last 3-4 years of service and are determined using a flat amount formula or a flat percentage formula

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Definitions:

Cattell's Idea

Refers to the psychological theories developed by Raymond Cattell, which include the concepts of fluid and crystallized intelligence as components of human cognitive ability.

Thurstone's Model

A theory of intelligence that proposes seven primary mental abilities as the basis of intelligence.

Primary Abilities

Primary abilities refer to fundamental cognitive skills in specific domains, such as verbal reasoning or spatial understanding, crucial for overall intellectual functioning.

Fluid Intelligence

The capacity to think logically and solve problems in novel situations, independent of acquired knowledge.