Which One of the Following Assumptions Is Needed to Estimate

question 194

Multiple Choice

Which one of the following assumptions is needed to estimate both postretirement health care benefits and pension benefits?

• A) Per capita claims cost.
• B) Expected cost trend rate.
• C) Benefits provided by other governmental or private plans.
• D) Employee turnover.

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Definitions:

Technological Innovation

The introduction of new technologies or the improvement of existing technologies to create new products, services, or processes.

Cloud Source LLC

Assuming it’s a real entity, it would refer to a company specializing in providing cloud-based solutions and services. If not, then NO.

Distribution Inc.

A fictitious or placeholder name that typically refers to a company specializing in the supply or dissemination of goods or services.

Rationalization

The process of providing a reasonable or logical basis for something, often as a means of justifying actions or decisions.