A Defined Benefit Pension Plan Has Expected Payouts of $15

question 52

Multiple Choice

A defined benefit pension plan has expected payouts of $15 million per year for 8 years and then $20 million over the following 15 years. Actuaries have estimated that the fund can be expected to earn an average of 5.25% on its assets. The fund currently has reserves of $185,475,000. The plan is ___________ by about ___________ million.

• A) underfunded; $100
• B) underfunded; $59
• C) overfunded; $30
• D) overfunded; $24
• E) underfunded; $46 185.475M - [15M x PVIFA (5.25%, 8) + 20M x PVIFA (5.25%, 15)/PVIF (5.25%, 10)] = -46M

Recognize the characteristics of ordered and adaptive systems within project management.

Analyze the factors contributing to project complexity including global scope and client team approaches.

Appreciate common attributes and profiling practices in project management.

Understand the concept and application of the Darnall-Preston Complexity Index (DPCI) in project management.

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Definitions:

Ethical Decisions

Choices made based on moral principles and values, considering what is right and fair for all involved parties.

Entrepreneurs

Individuals who initiate, manage, and accept the risks of a business venture in order to make a profit.

Ethical Decisions

Ethical decisions are choices made based on moral principles and values, aimed at doing what is right and beneficial for the majority, often involving considerations of fairness, justice, and respect for others.

Narrowly Defined

Describing something in a very specific, limited manner, often focusing on a small scope or detail.