Which Statement Is Correct About Retirement Planning of Young Professionals

question 67

Multiple Choice

Which statement is correct about retirement planning of young professionals?

• A)They don't want to retire with plenty of money.
• B)They would rather save money now for retirement than spend it.
• C)They are not worried about having enough money to retire comfortably.
• D)Young people are in the best position to save.
• E)Saving money does not come naturally to many young people.

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Definitions:

Vertical Differentiation

The structuring of an organization into levels of hierarchy, often to distinguish between varying degrees of authority and responsibility.

Empowerment

A process aimed at giving employees more autonomy, authority, and control over their work and decision-making to improve engagement and performance.

Supervision

The process of directing, monitoring, and overseeing the performance and productivity of employees in an organization.

Formalization

The extent to which rules, procedures, and standards are written and strictly adhered to in an organization.