Which of the following statements is true about the Pension Benefit Guaranty Corporation (PBGC)?
A. It guarantees a complete pension benefit replacement.
B. It was created by the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985.
C. It does not guarantee health care benefits.
D. It allows payouts to be adjusted for cost-of-living changes.
E. It is not funded by an annual contribution per plan participant.
Answer: C
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In a system with multiple components, the overall reliability of the system is ______.
A. equal to the reliability of the component with the lowest reliability B. equal to the reliability of the component with the highest reliability C. significantly less than the reliability of the individual components D. significantly more than the reliability of the individual components
Risks are evaluated in terms of
A. Likelihood and cost. B. Likelihood and impact. C. Cost and schedule. D. Impact and cost. E. Time and impact.
The earnings on the assets of a permanent fund are to be used to support the city's library (special revenue fund). How would the earnings be recorded?
A. Revenues by the permanent fund. B. Revenues by both the permanent fund and the library. C. Other financing source by the permanent fund. D. Revenues by the library.
Communist and socialist unions have not always supported collective bargaining because it is believe that signing a contract:
A. Limits worker freedom and legitimizes capitalism B. Gives too much power to management C. Is useless because they are not enforceable in court D. Creates a false sense of security for workers and deters them from a socialist agenda