The SMarT Program, Which Offers Employees the Option to Commit

question 78

Multiple Choice

The SMarT program, which offers employees the option to commit a fraction of future pay raises to a tax-free retirement savings account, is designed to overcome which common barrier to saving? Status quo bias An unwillingness to forgo current consumption The endowment effect

• A)II and III only
• B)I and III only
• C)I and II only
• D)I, II, and III

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Definitions:

Indigenous

The descendants of groups of people living in the territory at the time when other groups of different cultures or ethnic origin arrived there.

Braves

Often refers to young Native American men, historically seen as warriors within their tribes, but the term can carry different meanings across cultures.

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Ethnic Categories

Classifications of individuals into groups based on shared cultural, linguistic, or ancestral characteristics.