RPA 1 /RPA Exam Bundle

Under a technique known as a wage-related formula, the impact of postretirement inflation on pension income is: - Answer- Measured on the basis of current wage measures to adjust benefits Under the Pension Protection Act of 2006, a benefit statement must be provided to a plan participant of a def...

Those questioning the validity of the human depreciation concept of private pensions would argue that the employer should be held responsible only for the increase in the rate of aging caused by: - Answer- Correct Answer: A: Occupational hazards Module: 1Reference: Retirement Plans, Twelfth Editio...

RPA - Answer- technology that enables a robot to execute processes by emulating human interaction with computer applications 3 primary components of RPA - Answer- bots, bot manager, workflow design module attended robots - Answer- require a human to initiate the process through some form of tr...

This document defines the benefit at retirement. The employer has the investment risk - Answer- Defined Benefit Plan (DB) A benefit form required to be offered to married individual in a pension plan - Answer- A joint and survivor annuity $270,000 in 2017 and $275,000 in 2018 - Answer- Income/...

Basic economic problems facing the aged: - Answer- (a) The desire to maintain, to a high degree, their preretirement standard of living in their retirement years (b) The declining employment opportunity available to the aged (c) The relatively low individual savings of the aged because of high...

Of the factors in the Black-Scholes option pricing model, which one is generally deemed to have the most relative impact on the value of the option? - Answer- The expected volatility of the underlying stock's market price A theory of income taxation that imposes current tax liability on taxpayer...

Describe the basic economic problems facing the aged. (Text, pp. 3-8) - Answer- (a) The desire of aged individuals to maintain, to a high degree, their preretirement standard of living in their retirement years (b) The declining employment opportunities available to the aged (c) The relatively lo...

What is the three legged stool of economic security? - Answer- Social security, personal savings, employee pensions What are the economic problems facing the aged? (4 answer total) - Answer- 1. Desire to maintain pre-retirement standard of living 2. Declining employment opportunities 3. Low sav...

What is the basic law that governs employee benefit plans? - Answer- ERISA (Employee Retirement Income Security Act) - 1974 What is the name of the law that created parity between corporate and self-employed retirement plans? - Answer- TEFRA (Tax Equity and Fiscal Responsibility Act) - 1992 Th...

Registered Pension Plan - Answer- refers to an arrangement offered by an employer or union to provide retirement benefits to plan members in the form of periodic payments during retirement. Defined benefit (DB) pension plan - Answer- refers to a registered pension plan that provides benefits base...

Three-legged stool - Answer- A company pension, Social Security, and savings Economic problems of old age - Answer- Longevity, medical expenses, lack of work, inflation Reverse annuity - Answer- An arrangement with a bank where the bank pays the homeowner a monthly amount for equity in the hou...

RPA stands for - Answer- Robotic Process Automation What type of data does it use - Answer- Structured what type of statements does it perform - Answer- IF THEN ELSE who actually does the work? - Answer- bots market leader in RPA - Answer- UiPath Automation Anywhere BluePrism Diff...

Species can be broken down even further. What are different groupings within species called in horses? - Answer- breeds species can be broken down even further. what are different groupings within species called in dogs? - Answer- breeds What kind of microscope was used to create this image? -...

What is RPA? - Answer- "Robotic process automation (RPA) tools perform 'if, then, else' statements on structured data, typically using a combination of user interface (UI) interactions, or by connecting to APIs to drive client servers, mainframes or HTML code. An RPA tool operates by mapping a...