The Program Expense Ratio Is Calculated as Program Service Expenses

question 148

True/False

The program expense ratio is calculated as Program service expenses / Total expenses.

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Definitions:

Assumption

A belief or statement taken for granted without proof, often serving as a starting point for further reasoning or argument.

Add

To combine one thing with another so as to increase the size, number, or amount.

Assumption

A premise or statement taken to be true without evidence for the sake of argument or investigation.

UI

Universal Instantiation, a logical rule of inference stating if something is true for everything in a category, it is true for any specific instance of that category.