An Incentive Is

question 209

Multiple Choice

An incentive is

• A) an inducement to take a particular action.
• B) the marginal cost of some course of action.
• C) the marginal benefit of some course of action.
• D) the net gain of some course of action.
• E) a constraint that society imposes on those who make self-interested choices.

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Definitions:

Periodic Pension Expense

The total expense recognized in a period related to an organization’s pension plan.

Funded Status

The financial condition of a pension or other post-employment benefit plan, calculated as the difference between plan assets and obligations.

Defined Contribution Plan

A retirement plan in which the employer, employee, or both make contributions on a regular basis, but the final amount received by the employee depends on the plan's investment performance.