The Life-Cycle Model

question 78

Multiple Choice

The life-cycle model

• A)is an explanation of consumption and saving over an individual's lifetime
• B)explains how individuals' longevity is tied to economic conditions
• C)explains how employment varies over a person's lifetime
• D)is an attempt to explain why some individuals save and others do not
• E)is an attempt to explain why some individuals save and others consume

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Definitions:

Franchisor

A person or company that grants the license to a third party for the conducting of a business under the franchisor's marks, name, and business model.

Business Trust

A business organization governed by a group of trustees, who operate the trust for beneficiaries.

Trustees

Individuals or organizations appointed to manage and oversee assets or property for the benefit of others, often in a legal or fiduciary capacity.

Beneficiaries

Individuals or entities designated to receive benefits or assets from a trust, will, or insurance policy.