Which of the Following Is an Indication That the Government

question 83

Multiple Choice

Which of the following is an indication that the government has recognized that problems with Social Security funding make it highly unlikely that future Social Security benefits will be sufficient to provide retirees with enough income for a comfortable retirement?

• A) The government has provided cost-of-living adjustments to Social Security recipients.
• B) The government has invested the contributions in high-yielding investment securities.
• C) The government has established incentives for workers to save their own money for retirement.
• D) The government has passed legislation to require Social Security to maintain a balanced budget.

---

Definitions:

Subsidiary Posting

The process of transferring summary totals from the journal into the respective ledger accounts.

General Ledger

A comprehensive log of every financial transaction throughout a company's existence.

Cash Payments

Monetary transactions in which money is paid out by a business to settle obligations, including expenses, debts, or purchase of assets.

Horizontal Analysis

A financial analysis technique that compares historical financial information over a series of reporting periods to identify trends and growth patterns.