Two of the Most Important Considerations When Saving for Retirement

question 127

True/False

Two of the most important considerations when saving for retirement is the time you have to save and the return you earn on your savings.

---

Definitions:

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product.

Direct Labor-Hours

The total hours of work directly involved in manufacturing goods or providing a service.

Variable Overhead

The costs that fluctuate with the level of production output and may include expenses such as utilities and indirect materials.

Direct Materials

Raw materials that can be directly attributed to the manufacturing of a product.