Richard's Boss Has Asked Him to Choose a Backup Provider

question 39

Multiple Choice

Richard's boss has asked him to choose a backup provider. As Richard compares providers, he realizes he must take into consideration which of the following?

• A) whether the company will protect data from hackers
• B) where they are located
• C) who owns the company
• D) who will be in charge of his backup files

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Definitions:

Defined Benefit Plan

A type of pension plan where the employer guarantees a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age, rather than directly depending on individual investment returns.

Noncontributory Plan

A type of pension plan or benefit program where the employer fully funds the benefits without required contributions from the employees.

Pension Reform Act

Legislation aimed at improving, modifying, or reforming the guidelines and operations of pension schemes and retirement benefits.

Net Periodic Pension Cost

The total cost charged to expense related to pension plans during a certain period, including service and interest costs.