Which of the following is notone of the three phases needed when changing an accounting system, either in itsentirety or in part?
a. analysis
b. design
c. review
d. implementation
Question 2
Which of the following is not a characteristic of a defined benefit pension plan?
a. Benefits are based on actual contributions plus amounts earned on the contributions
b. Benefits are linked to the number of years worked by the employee
c. Benefits are based on a formula that considers salaries earned by the employee
d. Benefits, rather than contributions, are guaranteed by the employer