When People Are More Likely to Save for Retirement If

question 81

True/False

When people are more likely to save for retirement if their employers automatically deduct a set amount from their paychecks than if they have to set up this process themselves is an example of a default bias.

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Definitions:

Business Partner

A collaborative relationship between two commercial entities that is typically strategic, with both parties working together to achieve common goals.

Change Agent

An individual inside or outside an organization who promotes and facilitates change within the organization, often facing resistance.

Information Technology (IT)

The use of computers, networks, and other physical devices to create, process, manage, and exchange data and information.

Demand and Supply

The economic model explaining the price and quantity of goods and services in a market based on the willingness of consumers to purchase and the quantity available for sale.