Doris Has Reached Retirement Age,but She Has Decided to Continue

question 47

Multiple Choice

Doris has reached retirement age,but she has decided to continue employment on a part-time basis.Instead of working as a bookkeeper at her old firm,now she organizes accounts for a non-profit artist cooperative and spends the rest of her time volunteering.Doris is an example of what Dychtwald called:

• A)rehirement.
• B)successful retirement.
• C)partial disengagement.
• D)activity theory.

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Definitions:

Government Regulations

The laws and rules established by governments to control or guide specific economic activities or markets.

Lending Standards

The set of criteria used by banks and financial institutions to determine the creditworthiness and eligibility of prospective borrowers.

Competitive Markets

Markets characterized by many buyers and sellers where no single participant can significantly influence the price of goods or services.

Externalities

Effects of a transaction or activity on third parties who are not directly involved, which can be either beneficial (positive externalities) or harmful (negative externalities).