Who Is More Likely to Initiate a Divorce

question 13

Multiple Choice

Who is more likely to initiate a divorce?

• A)At least two-thirds of divorces are initiated by women.
• B)At least two-thirds of divorces are initiated by men.
• C)Women and men are equally likely to initiate divorce.

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Definitions:

Interest Cost Component

The portion of pension expense that reflects the increase in the projected benefit obligation due to the passage of time.

Defined Benefit Pension Plan

A defined benefit pension plan is a retirement plan where the employer promises a specified pension payment upon retirement, based on an employee's earnings history, tenure of service, and age.

Projected Benefit Obligation

An estimation of the present value of a retirement plan's liabilities owed to employees, based on projected salary increases.

Defined Benefit Pension Plan

A pension plan where an employer promises a specific payout upon retirement, based on factors like salary history and employment duration.