The Merit Systems Protection Board Issues a Rule

question 36

Multiple Choice

The Merit Systems Protection Board issues a rule. Like other administrative agencies' rules, this rule is as​

• A) ​binding as a law passed by Congress.
• B) ​persuasive as an expert's opinion.
• C) ​suggestive as a newspaper's editorial.
• D) ​unenforceable as a salesperson's puffery.

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Definitions:

Actual Return

The genuine gain or loss that an investment generates, as opposed to the expected or anticipated return.

Expected Return

Expected Return is the estimated profit or loss an investment is predicted to generate, based on historical or projected performance.

Prior Service Cost

A pension accounting term referring to the cost of benefits attributed to employee service in prior periods, often arising from plan amendments.

Pension Expense

The cost recognized by an employer for maintaining a defined benefit pension plan for its employees.