What Is the Function of an "Encore Career" That Takes

question 25

Multiple Choice

What is the function of an "encore career" that takes place after a mid-life career ends?

• A) It accomplishes something important, swapping impact for income.
• B) It allows older people to take a sabbatical from work.
• C) It provides more leisure time for older people.
• D) It pays well and benefits society.

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Definitions:

Expected Return

The weighted average of all possible returns for an investment, considering the probabilities of each outcome.

Risk Averse

Describes an individual or entity's preference to avoid risk, where they prioritize certainty and are willing to accept lower returns in exchange for greater certainty or security.

High-Technology Stocks

These are shares in companies involved in high-tech industries, known for rapid innovation and growth potential but also higher risk.

Long-Term Government Bonds

Debt securities issued by a government with a maturity of typically more than ten years, used to fund public expenditures.