The Types of Reports That a Superannuation Plan Provides Fall

question 14

Multiple Choice

The types of reports that a superannuation plan provides fall into which two categories?

• A) reports that relate to the financial performance and position of the plan
• B) accrual accounting reports and statements of cash flow
• C) individual contributions and entitlements of each member and the performance and position of the plan itself
• D) government reporting requirements and general purpose financial reports

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Definitions:

Reflexive

pertains to relations where an element is always related to itself, or in social theories, where actions or processes mirror and affect each other within a system.

Transitive

In mathematics and logic, transitive refers to a relation where if relation A exists between B and C, and relation A exists between C and D, then the relation must also exist between B and D.

Complete

In a market context, it refers to a situation where there is sufficient information and resources for transactions to occur without any barriers.

Indifference Curves

Graphical representations showing different combinations of goods that provide the same level of satisfaction or utility to a consumer.