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A Pension Plan Is Underfunded If the Projected Benefit Obligation

question 90

True/False

A pension plan is underfunded if the projected benefit obligation exceeds the fair value of the pension plan assets.


Definitions:

Design Defect

A flaw in the planning or design of a product that makes it inherently unsafe or faulty.

Alternative Design

A different approach or solution, often proposed to address flaws in an original design concept.

Market-Share Liability

A legal theory holding manufacturers proportionately liable for damages based on their market share of a harmful product.

Prescription Drugs

Medications that are legally dispensed only with a medical prescription due to their potential side effects or risk of misuse.

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