Why Have Many Americans' Retirement Accounts Regained Much of Their

question 101

Multiple Choice

Why have many Americans' retirement accounts regained much of their lost value since the 2007-2009 stock market crash?

• A) They were able to buy more stocks for a cheaper value when the market price was low.
• B) They sold off most of their portfolios when the market bottomed out.
• C) They sold off most of their portfolios before the market bottomed out.
• D) They switched their portfolio mix from stocks to bonds.

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Definitions:

Appraisal

An evaluation, usually by an expert, to determine the value of a property or asset.

Quality Cost Report

A report that details prevention costs, appraisal costs, and the costs of internal and external failures.

Purchasing Department

A division within a company responsible for acquiring goods, services, and materials needed for its operations.

Balanced Scorecard

An integrated set of performance measures that are derived from and support the organization’s strategy.