For Significant Numbers of Elderly to Be Able to Withdraw

question 39

Multiple Choice

For significant numbers of elderly to be able to withdraw from the labor force, four (4) conditions must exist in society, according to your text. Which is NOT one of those conditions?

• A)A society must produce an economic surplus that is large enough to support its nonemployed members.
• B)There must be a mechanism in place to divert some of the ecoonomic surplus to the nonemployed members.
• C)Life expectancy must reach at least 65 so that there are sufficient numbers of old people.
• D)Nonemployed members must be viewed positively by the rest of the society.
• E)The activities and leisure of the nonemployed must be seen as legitimate.

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Definitions:

Payback Period

The length of time required to recover the cost of an investment or project.

Factory Overhead

Factory Overhead includes all indirect costs associated with manufacturing, such as electricity for the factory, maintenance, and salary of the maintenance staff.

Direct Materials

Raw materials that can be directly traced to the production of goods, forming a significant part of manufacturing costs.

Net Cash Inflows

The total amount of money received from operations, investments, and financing activities, minus the amount of money spent.