Which of the Following Is True About the Chances of Becoming

question 9

Multiple Choice

Which of the following is True about the chances of becoming disabled?

• A)The probability of a 35-year-old becoming disabled for three months or longer before they reach age 65 is around 25 percent.
• B)Because the chance of becoming disabled is small,most people do not need disability insurance coverage.
• C)For people who become disabled for longer than three months,the average duration is over 2.2 years.
• D)The probability of a 50-year-old becoming disabled for three months or longer before they reach age 65 is around 50 percent.

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Definitions:

Business Plan

A document that outlines the operational and financial objectives of a business, and details the strategies and timelines for achieving these goals.

Small Business Development Center

A local resource that provides aspiring and existing small business owners with business training, consulting, and support, often funded by government and educational institutions.

Breakeven Point

The financial point at which costs equal revenues, such that no profit is made but no losses are incurred either.

Sales And Costs

A business concept that refers to the total revenue generated from goods or services sold and the expenses incurred in the production or delivery of those goods or services.