AM 2017 Q2B

You are given 4 scenarios and DETERMINE one that most likely reduces the time horizon of a pension plan.

JUSTIFY your response.

when justifying, do we have to explain/justfiy why the other 3 scenarios don’t reduce the time horizon of the plan?

You’d better.

If the others are less likely, then you’re making a comparison. To justify a comparison, you have to address all of the things you’re comparing.