Listed Below Are Six Terms Followed by a List of Phrases

question 103

Multiple Choice

Listed below are six terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the most correct term.
-Attribution

• A)The portion of the EPBO attributed to employee service to date.
• B)Portion of the EPBO attributed to the current period.
• C)Process of assigning the cost of benefits to the years during which those benefits are assumed to be earned by employees.
• D)Related to need, not service.
• E)Discounted present value of total postretirement benefit costs.
• F)Discount rate times beginning APBO.

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Definitions:

Minimum Income

The lowest level of income deemed adequate for living at a basic standard.

Incentive to Work

refers to the factors or motivations that encourage individuals to engage in employment or increase their work effort.

On-The-Job Training

A method of learning skills and competencies required for a job through direct performance during work hours.

Negative Income Tax

A welfare system within which individuals earning below a certain amount receive supplemental pay from the government instead of paying taxes.