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What Estimates Are Necessary to Account for a Defined Benefit

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Essay

What estimates are necessary to account for a defined benefit pension plan?


Definitions:

Lifetime Value

The net present value of a customer’s business over the span of his or her relationship with an organization.

Customer Profitability

An analysis to determine the financial value a customer brings to a business over time, considering revenues and costs associated with the relationship.

Customer Service

Services and recommendations given by a firm to purchasers or users of its products or services.

Ease of Doing Business

The amount of effort required on the part of a customer when dealing with a firm.

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