Social Security Should Be the Only Source of Your Retirement

question 149

True/False

Social Security should be the only source of your retirement income.

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Definitions:

Manufacturing Costs

All expenses directly involved in the production of a product, including raw materials, labor, and factory overhead.

Administrative Expenses

Overhead or operational expenses not directly tied to the production of goods or services, such as salaries of office staff and utilities.

Land Held

Property owned by an individual or company, not currently used for income-generating purposes but held as an investment or for future utilization.

Operating Assets

Assets used in the normal operations of a business to generate income, such as equipment, inventory, and receivables.