What Is Measured by the Accumulated Benefit Obligation

question 38

Multiple Choice

What is measured by the accumulated benefit obligation?

• A) The pension expense,computed by the plan formula applied to years of service to date,assuming future salary levels
• B) The pension expense,computed by the plan formula applied to years of service to date,using existing salary levels
• C) The pension obligation,computed by the plan formula applied to years of service to date,assuming future salary levels
• D) The pension obligation,computed by the plan formula applied to years of service to date,using existing salary levels

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Definitions:

Consumer Behavior

The study of how individuals or groups select, buy, use, and dispose goods, services, ideas, or experiences to satisfy their needs and wants.

Dynamic

Characterized by constant change, activity, or progress.

External Stimuli

Any information or event from the external environment that can elicit a sensory, emotional, or intellectual response.

Lifestyle

The interests, opinions, behaviours, and behavioural orientations of an individual, group, or culture.