The Social Security System

question 98

Multiple Choice

The Social Security system:

• A) continues to burden businesses due to the fact that businesses must provide and pay for this benefit for their employees.
• B) met the needs of our nation when it was first introduced, but needs an overhaul.
• C) will continue to serve the needs of U.S. citizens into the distant future, due to the fact that there are so few retirees placing a strain on it.
• D) is failing because the U.S. government failed to invest the money that employees contributed.

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Definitions:

Make-to-stock

A production strategy where items are manufactured for stock based on demand forecasts, rather than made to order.

Production Process

A cross-functional business process in which a company produces physical goods.

Pull Model

A business model in which the production process begins with a customer order and companies make only what customers want, a process closely aligned with mass customization.

Make-to-order

A manufacturing process in which the production of an item begins only after a confirmed customer order is received.