An Aging Population Brings a Variety of Social Problems

question 64

Multiple Choice

An aging population brings a variety of social problems. Which issue related to the aging population in the United States is most significant?

• A) a housing shortage for young people
• B) too few young people supporting too many retirees
• C) slower economic growth and lower spending
• D) high unemployment as retirement age increases

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Definitions:

Strategic Objectives

The specific goals that an organization aims to achieve, aligning with its overall strategic plan and guiding its operational activities.

Automating Warehouse

The process of using technology and mechanical systems to perform storage and retrieval actions with minimal human intervention, enhancing efficiency and accuracy in warehouse operations.

Cognitive Bias

Holding onto one’s preferences and beliefs regardless of contrary information, which results in decisions that are not economically accurate or rational.

Common Measures Bias

When managers focus on common performance metrics across divisions and ignore performance metrics that are unique to individual divisions.