According to the 2012 Trustees Report, in What Year Is

question 11

Multiple Choice

According to the 2012 Trustees Report, in what year is it projected that the funds available for paying Social Security benefits will be exhausted at current benefit and tax rates?

• A) 2021
• B) 2033
• C) 2047
• D) 2056
• E) 2062

---

Definitions:

Pure Chase Strategy

A production strategy where the production rate is adjusted to match demand, minimizing inventory levels at the cost of potentially greater adjustment costs.

Part-Time Workers

Employees who work less than the standard full-time hours, typically offering flexibility and cost savings for businesses while accommodating the workers' other commitments.

Full-Time Workers

Employees who work the full number of hours defined as standard for a certain period, typically characterized by a fixed schedule.

Mixed Strategy

A planning strategy that uses two or more controllable variables to set a feasible production plan.