The Average Age of Retirement Declined Over the Twentieth Century

question 49

Multiple Choice

The average age of retirement declined over the twentieth century in the United States because of __________.

• A) the steady increase in lifespan
• B) the steady improvements in health care
• C) government-sponsored retirement benefits
• D) the negative impact of economic recessions

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Definitions:

Compensation Policies

Guidelines and strategies a company uses to determine how employees are paid, including salaries, bonuses, and benefits, ensuring fair and competitive remuneration.

Stakeholders

Individuals or groups that have an interest or concern in an organization and can affect or be affected by the organization's actions, objectives, and policies.

Computers

Electronic devices designed to process data according to a set of instructions, known as programs.

Strategic

Relating to the identification of long-term or overall aims and interests and the means of achieving them, often within the context of business or military planning.