Which Statement Concerning Pension Plans in Other Countries Is Correct

question 32

Multiple Choice

Which statement concerning pension plans in other countries is correct?

• A) Pension plans in countries such as Canada and Germany appear to be in better financial shape than Social Security in the U.S.
• B) Pension plans in countries such as Japan and the United Kingdom appear to be in better financial shape than Social Security in the U.S.
• C) Social Security and pension plans in the other developed countries face almost exactly the same financial situation.
• D) Pension plans in other developed countries are in worse financial shape than Social Security in the U.S.

---

Definitions:

New-Product Strategies

Approaches, methods, or plans developed by businesses to introduce and establish new products in the market successfully.

Product Deletion

The process of permanently removing a product from a company's offerings due to factors like poor sales, obsolescence, or strategic realignment.

Brand Extension

The practice of using an established brand name on a new product category, leveraging the brand's existing reputation and customer base.

Product Category

A broad classification that groups products based on common characteristics or needs.