Examlex
In bounded rationality, ________ refers to reaching a decision that is satisfactory rather than optimal to the individual.
Actuarially Assumed
Actuarially assumed involves estimations or calculations made based on actuarial methods, often related to insurance or pensions, to predict future obligations or costs.
Defined Contribution Pension Plan
A retirement plan where an employer, employee or both make contributions, with future benefits dependent on investment performance.
IRS Approved
Indicates that a financial arrangement or practice has been sanctioned or recognized by the Internal Revenue Service.
Defined Benefit Pension Plan
A retirement plan where employee benefits are calculated on a formula including salary history and duration of employment, with the employer bearing investment risk.
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