What Is the Term for Contracts Based on (Derived From)

question 50

Multiple Choice

What is the term for contracts based on (derived from) some other asset-commodities, interest rates, credit, foreign exchange rates, equities, and mortgages?

• A) long-term yields
• B) financial derivatives
• C) bank bailouts
• D) insider swaps

Identify the relationship between employee benefits and regulations/laws.

Evaluate the role of technology in managing employee benefits.

Acknowledge the impact of social changes on the design and tailoring of employee benefits programs.

Understand the financial aspects of employee benefits, including contributions, costs, and containment strategies.

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Definitions:

Implied Authorization

An understanding that an agent has the approval to perform acts that are reasonably necessary to accomplish the purpose of an agency.

Offeror

The person or entity who makes a proposal or offer, especially in a contractual context.

Objective Standards

Criteria or benchmarks that are not influenced by personal feelings, interpretations, or prejudice; based on facts.

Subjective Standards

Criteria or guidelines that are based on personal opinions, feelings, or tastes, rather than objective, measurable indicators.