According to the Simplified Life-Cycle Theory of Consumption, a Retired

question 27

Multiple Choice

According to the simplified life-cycle theory of consumption, a retired person with zero income from labor would

• A)only consume the interest on accumulated wealth
• B)consume a fraction of accumulated wealth based upon her/his life expectancy
• C)have to decrease consumption sharply in order not to run out of funds too soon
• D)expect to be financially supported by her/his children
• E)consume more than during her/his working years since she/he does not expect to live much longer

Recognize the importance of tone and politeness levels in professional communication.

Understand the role of positive emphasis in organizational success and employee motivation.

Distinguish between direct and indirect requests and the appropriate contexts for each.

Identify effective techniques for conveying bad news or negative information in a positive or neutral manner.

---

Definitions:

Authoritarian Parenting

An approach to child rearing that is characterized by high behavioral standards, strict punishment of misconduct, and little communication from child to parent.

Rigid and Controlling

Describes behavior that is inflexible and dictatorial, often limiting freedom and spontaneity in relationships or groups.

Family Closeness

The quality of having strong, supportive, and positive relationships among family members.

Communication

The exchange or transmission of information, thoughts, or messages through verbal, nonverbal, written, electronic, or other means.