Which of the Following Is Not an Element of Pensions

question 19

Multiple Choice

Which of the following is not an element of pensions and other postemployment benefits that is difficult to estimate?

• A)Projected lifetime of former employees that will receive a pension.
• B)The future earnings of employees prior to retiring for defined benefit plans.
• C)Long-term interest rates to discount future costs back to present value.
• D)Current amounts earned on pension plan assets.

Identify the agencies responsible for developing and testing community disaster plans.

Understand the roles and differences between the American Red Cross, FEMA, and other disaster management agencies.

Recognize the importance of personal and family disaster planning.

Understand the evolution and expansion of the role of school nurses beyond communicable disease management.

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Definitions:

Expenses

Outflows or other using up of assets or incurrence of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity’s ongoing major operations.

Quasilinear Preferences

A type of preference where utility is linear in one argument, allowing indifference curves to have the same slope regardless of the level of consumption of other goods.

Equivalent Variation

A measure used in economics to evaluate the change in wealth that would leave an individual's utility unchanged before and after a policy change or a price change.

Compensating Variation

A monetary measure of the amount of money a consumer would need to reach their original utility level after a price change.