Which of the Following Does NOT Explain Why Experts Believe

question 199

Multiple Choice

Which of the following does NOT explain why experts believe U.S.baby boomers lack the funds to retire?

• A)This entitled cohort preferred to over-spend during their working years.
• B)Wages during the working years for this cohort stagnated,or did not keep up with inflation.
• C)The people in this cohort want to take care of their struggling daughters and sons.
• D)The Great Recession of 2008 reduced the value of the average baby boomer's assets.

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Definitions:

Sale

The exchange of goods or services for money, representing a fundamental activity of business operations.

Plant Asset

Long-term tangible assets used in the operations of a business that are not intended for resale, such as machinery, buildings, and vehicles.

Income Statement

A financial document that shows a company's revenues, expenses, and net income over a specific period of time.

Revenue Expenditures

Payments made for ordinary maintenance of an asset or unnecessary or unreasonable situations.