Which of the Following Financial Assets Made Up the Greatest

question 40

Multiple Choice

Which of the following financial assets made up the greatest proportion of the financial assets held by U.S.households

• A)Pension reserves
• B)Life insurance reserves
• C)Mutual fund shares
• D)Debt securities
• E)Personal trusts

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Definitions:

Discretionary Stakeholders

Stakeholders who do not have a direct stake in the business or project but may be affected or can influence it voluntarily.

Legitimacy

The perception or recognition by stakeholders that actions, decisions, or leadership are appropriate, proper, and justified within a socially constructed system of norms, values, beliefs, and definitions.

Dependent Stakeholders

Individuals or groups who rely on a business's success or failure for their own benefit but don't have direct control over its operations.

Urgency and Legitimacy

The critical need for action combined with the recognized authenticity or credibility that prompts such action.