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A Qualified ________ Must Provide a Definite Predetermined Formula for Allocating

question 57

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A qualified ________ must provide a definite predetermined formula for allocating the contributions made to the plan among the participants and for distributing the funds accumulated under the plan after a fixed number of years,after the attainment of a stated age,or upon the prior occurrence of some event,such as layoff,disability,retirement,or severance of employment.


Definitions:

Miller

Refers to George A. Miller, a psychologist known for his work on the magical number seven, plus or minus two, related to the limits of human memory capacity.

Iconic Memory

A type of visual sensory memory that holds a brief replica of visual scenes for a very short duration before fading or being processed further.

Visual Copy

An exact reproduction or duplicate of a visual stimulus.

Sensory Item

An object or stimulus that engages one or more of the five senses, designed to have a soothing or stimulating effect.

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