Privatizing Social Security Is an Example Of

question 4

Multiple Choice

Privatizing social security is an example of:

• A) means testing.
• B) the ownership society.
• C) pay-as-you-go (PAYGO).
• D) income support.
• E) policy diffusion.

---

Definitions:

Estimated Direct Labor Cost

The forecasted cost associated with the labor directly involved in the manufacturing of goods.

Budgeted Required Production

The estimated amount of goods or services that a business plans to produce in a specific period, as determined by budgeting processes.

Cash Disbursements

The actual money or cash outflows paid out by a business, typically recorded in a cash disbursement journal.

Merchandise Purchases

The acquisition of goods for sale, usually finished goods, by a retail or wholesale business.