Which of the Following Are Characteristics of the Flat Benefit

question 22

Multiple Choice

Which of the following are characteristics of the flat benefit formula used in defined benefits plans? (Defined Benefit Plans)

• A)An employee's years of service are considered,is determined using a flat amount formula or a flat percentage formula,the benefit is based on a percentage of the employees final average wage or salary
• B)Is determined using a flat amount formula or a flat percentage formula an employee's years of service are considered,the benefit is based on a percentage of the employees final average wage or salary,is based on the employee's last 3-4 years of service
• C)Is based on the employee's last 3-4 years of service an employee's years of service are considered,The benefit is based on a percentage of the employees final average wage or salary,an employee's years of service are considered
• D)The benefits are based on a percentage of the employees final average wage or salary,are based on the employee's last 3-4 years of service and are determined using a flat amount formula or a flat percentage formula

Understand the objective of financial management and its centrality to existing shareholders.

Distinguish between different markets such as primary, secondary, and OTC markets.

Comprehend the purpose and content of fundamental corporate documents.

Grasp the concepts related to working capital management and its importance.

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Definitions:

Explicit Memory

Conscious, intentional recollection of an event or of an item of information.

Intentional Recollection

The deliberate effort to retrieve memories or information from one's past.

Autobiographical Memory

The aspect of memory that involves the recollection of personal experiences and events in one's life.

Eyeblink Response

A rapid closing and opening of the eyelid that is a reflex action to protect the eye from threats or stimuli.