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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
4 months ago
I thought it was A at first, but B makes more sense.
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Garry
4 months ago
Definitely B, it's a key accounting principle.
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Denny
5 months ago
Wait, are you sure about that? Sounds off.
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Gearldine
5 months ago
Totally agree, that's how it works!
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Ardella
5 months ago
Contributions must be discounted if not settled in 12 months.
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Geraldo
5 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
5 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
5 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
5 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
6 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
6 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
6 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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