All of the Following Are Environmental Forces That Affect an Organization

question 84

Multiple Choice

All of the following are environmental forces that affect an organization except

• A)economic.
• B)geographical.
• C)social.
• D)regulatory.
• E)technological.

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Definitions:

Plan Assets

Assets that are held by a retirement plan, which can include stocks, bonds, and cash, intended to fund the future benefit payments to participants.

Defined Benefit Pension Plan

A retirement plan where employer commitments are based on a formula considering factors like salary history and duration of employment, with the company bearing investment risk.

Prior Service Cost Amortization

The process of expensing the costs of retroactive benefits granted in a pension plan over a period of time.

Actuarially Determined Discount Rate

This refers to the interest rate used in the actuarial valuation to discount future pension obligations to present value, reflecting the expected rate at which the pension plan's liabilities can be funded or settled.