Which of the Following Pension-Related Definitions Is Not Correct

question 36

Multiple Choice

Which of the following pension-related definitions is not correct?

• A)Vested benefits are payments that are not contingent on the employee's continuing in the service of the employer.
• B)Present value is the current worth of an amount or amounts payable or receivable in the future.
• C)Actuarial assumptions are those made by actuaries concerning future events affecting pension costs.
• D)Service cost is the amount paid annually to a funding agency under an unfunded pension plan.

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Definitions:

Conscious-Unconscious

Refers to the distinction between mental processes and contents that are within an individual's awareness and those that are not.

Force Field Theory

A concept developed by Kurt Lewin, suggesting that situational factors ("forces") can influence individuals' behavior by either facilitating or hindering their intentions.

Intrinsic Value

The inherent worth of something, independent of its utility or function.

Stimulus-Response Units

Basic building blocks of behaviorist theories where a specific stimulus leads to a predictable behavioral response.