Secondary Data

question 166

Multiple Choice

Secondary data

• A)may provide some background but never provide the answer.
• B)consist of information that has been collected already.
• C)are rarely available and are expensive.
• D)are specifically collected to solve a current problem.
• E)can be in the form of online surveys or observations.

---

Definitions:

Money Purchase Plan

A type of defined-contribution retirement plan in which the employer's annual contributions are fixed and determined by formula.

Flexible Spending Account Plan

A benefit plan that allows employees to set aside pre-tax dollars for eligible expenses, such as medical or dependent care expenses.

Employee Retirement Income Security Act

The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for retirement and health benefit plans in private industry to protect individuals in these plans.

Pension Plan Trustees

Individuals or a group of individuals who hold responsibility for managing and overseeing the assets and operation of a pension fund.