Mr Myrt Has Been a Program Evaluator for the Last

question 6

Multiple Choice

Mr. Myrt has been a program evaluator for the last 10 years. He recently explained to his intern that program evaluations are useful because:

• A) the evaluation lets individuals know if their current strategy is working to achieve the stated goal.
• B) the evaluation lets individuals know if future strategies will work to achieve the stated goal.
• C) the evaluation helps determine if the facility is grant eligible.
• D) the evaluation provides information on who the program delivers services to.

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Definitions:

401k

A retirement savings plan that is sponsored and set up by an employer for its employees; like other retirement plans, there are strict rules as to when the money can be withdrawn without a penalty and strict contribution limits which change from year to year.

Mortality Table

A statistical table showing the probability of death for each age, used primarily by insurance companies to determine premiums.

Full Retirement Benefit

The total amount of money one is entitled to receive from a pension or retirement fund upon reaching the designated retirement age.

Adjusting for Inflation

The process of altering financial figures to account for the change in the purchasing power of money over time.