What Are Past Service Costs in a Defined Benefit Plan

question 2

Multiple Choice

What are past service costs in a defined benefit plan?

• A)Plan amendments that retrospectively improve pension plan benefits.
• B)Difference arising between the actual and the expected value of plan assets.
• C)Expected interest,dividend or income earned on the pension plan assets.
• D)Differences arising between the actual and expected values of the pension obligations.

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Definitions:

Political Skill

The ability to understand and influence others in a way that enhances personal and organizational objectives.

Political Network

A web of relationships, communications, and interactions among individuals, groups, and organizations centered on political action, influence, and decision making.

Referent Power

A form of influence based on the leader's personal traits, where followers identify with and wish to emulate the leader.

Coalition Formation

The process by which parties, organizations, or individuals come together to form a temporary alliance or partnership for a common purpose.