The Main Disadvantage of a Flexible Spending Plan Is That

question 210

True/False

The main disadvantage of a flexible spending plan is that you may lose any money remaining in the account at the end of the fiscal year.

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Definitions:

Statistical Significance

Indicates that the probability of the observed results occurring under the null hypothesis is low, suggesting the results are not due to random chance.

Probability

A measure of the chance or likelihood that a certain event will occur, often quantified as a fraction or percentage.

Variance

A statistical measure of the dispersion representing how much the values in a data set differ from the mean of the data set.

Highly Significant

A statistical term used to describe an outcome when the observed p-value is much lower than the specified level of significance (α), strongly indicating a true effect.