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Worldatwork T7 Exam - Topic 1 Question 54 Discussion

In defined contribution plans when the contributions are not expected to be settled wholly before twelve months after the end of the reporting period, what must occur?
B) Contributions must be discounted
A) The employer must assume risk for the plan
C) Contributions must not be discounted
D) The employer must pay a specified amount to the employee

Worldatwork T7 Exam - Topic 1 Question 54 Discussion

Actual exam question for Worldatwork's T7 exam
Question #: 54
Topic #: 1
[All T7 Questions]

In defined contribution plans when the contributions are not expected to be settled wholly before twelve months after the end of the reporting period, what must occur?

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Suggested Answer: B

by Benedict at Jun 27, 2022, 11:39 PM

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Brandon
10 months ago
I thought it was A at first, but B makes more sense.
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Garry
10 months ago
Definitely B, it's a key accounting principle.
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Denny
11 months ago
Wait, are you sure about that? Sounds off.
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Gearldine
11 months ago
Totally agree, that's how it works!
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Ardella
11 months ago
Contributions must be discounted if not settled in 12 months.
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Geraldo
11 months ago
I’m leaning towards option C, but I can’t recall the exact reasoning behind it. It’s definitely a tricky part of the material!
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Shelia
11 months ago
I’m a bit confused. I thought defined contribution plans meant the employer doesn’t take on risk, but does that change if the contributions are delayed?
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Jenise
11 months ago
This sounds familiar! I feel like we practiced a question similar to this, and I think the answer was about not discounting contributions.
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Elenore
11 months ago
I think I remember that if contributions aren't settled within twelve months, they might need to be discounted, but I'm not entirely sure.
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Denny
12 months ago
Hmm, this seems like a networking question. I'll need to think about the different layers of the network model to figure this out.
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Christa
12 months ago
I think the answer is B. Using Enterprise Manager or WLST to add the virtualize=true property to the SOA Common Properties MBean seems like the right way to enable virtualization through libOVD. The other options don't seem as directly relevant.
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Geraldine
12 months ago
I've seen questions like this before. The virtual function calls and object lifetime management are the critical pieces to understand. I'll work through it step-by-step to determine the correct answer.
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