Which of the Following Statements About Participation in the Social

question 30

Multiple Choice

Which of the following statements about participation in the Social Security program is (are) true?
I.Most private sector employees are covered under the Social Security program.
II.Each employee has the right to "opt out" of the Social Security program if the employee does not wish to participate in the program.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Volume Discounts

Price reductions offered to buyers purchasing in large quantities, used as an incentive to increase sales volume.

Transportation Costs

Expenses associated with the movement of goods or individuals from one location to another, including factors like fuel, labor, and maintenance.

Returns to Scale

The rate at which output increases as inputs are increased proportionally in the production process.

Scale of Production

The level at which a production process is operating, ranging from small to large scale based on output volume and capacity.