A Past Service Cost Arises When

question 17

Multiple Choice

A past service cost arises when:

• A) an employee is terminated and the employer must provide compensation for the past service of the employee
• B) a defined benefits post-employment plan is established or when the plan's benefits are increased
• C) a defined contributions post-employment plan is established or when the plan's benefits are increased
• D) a new employee commences employment

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Definitions:

Mindfulness

A mental state achieved by focusing one's awareness on the present moment, while calmly acknowledging and accepting one's feelings, thoughts, and bodily sensations.

Calm the Mind

A state or process of making one's mind peaceful and free from stress or anxiety.

Biofeedback

A technique that teaches individuals to control bodily processes that are typically involuntary, like heart rate, using monitoring devices.

Biofeedback

A technique that trains people to improve their health by controlling bodily processes that normally happen involuntarily, such as heart rate.