Deciding What Data to Collect, Collecting the Data and Analyzing

question 92

True/False

Deciding what data to collect, collecting the data and analyzing it, and reporting this data are all parts of structuring a project monitoring information system.

Understand the basic provisions and requirements of the Employee Retirement Income Security Act (ERISA).

Identify different types of retirement and welfare plans covered under ERISA.

Recognize the fiduciary duties established by ERISA for individuals managing plan assets.

Understand the health care continuation coverage provisions under COBRA.

---

Definitions:

Utilities Expense

Costs incurred by a business for basic utilities such as water, electricity, gas, and sewage services.

Services Provided

Services provided refer to the performance of non-tangible tasks or activities by a company for its clients or customers, as opposed to selling physical products.

Customer on Account

A term used to describe a sale made on credit, where the customer agrees to pay the amount owed at a later date.

Journal Entries

Records of financial transactions in the accounting system of a business, indicating the accounts and amounts to be debited and credited.