Which of the Following Is True of Imitation

question 41

Multiple Choice

Which of the following is true of imitation?

• A) It does not involve patterning a business on existing firms.
• B) It does not match the precision or completeness of copying seen in franchising.
• C) It involves the creation of new products or services which have no competitors.
• D) It results in the creation of previously unseen products or services.

---

Definitions:

Plan Assets

Investments and other assets set aside by an employer to fund pension benefits or other retirement plans for its employees.

Projected Benefit Obligation

An actuarial estimate of the total value of future pension benefits owed to employees, based on their service and salary history, to be paid by a pension plan.

Pension Plan Assets

The resources set aside by a company to meet future pension obligations to retirees, usually in the form of investments.

Actuarial Assumptions

Hypothetical conditions used for projecting financial or insurance outcomes, involving demographic, economic, and other factors.