Match Each of the Following Statements with the Appropriate Selection

question 38

Essay

Match each of the following statements with the appropriate selection decision making strategy.
a.Multiple regression
d.Combination method
b.Multiple cutoffs
e.profile matching
c.Multiple hurdle
-Most appropriate in situations where subsequent training is long, complex, and expensive.

---

Definitions:

Accumulated Benefit Obligation

The present value of benefits earned by employees in a defined benefit plan, to be provided at some time in the future based on their service to date.

Pension Liability

The present value of the future pension payments that a company is obligated to pay to its retired employees, representing a financial liability on the company’s balance sheet.

Projected Benefit Obligation

A liability amount in a company's pension plan, estimating the total benefits to be paid to employees in the future.

Plan Assets

Investments and other assets held by a pension fund to be used for the payment of retirement benefits to participants.