Which of the Following Is One of the Reasons Why

question 24

Multiple Choice

Which of the following is one of the reasons why many middle-aged workers are delaying retirement plans?

• A) The increase of retirement age to 75 years
• B) The increasing opportunity for middle-aged professionals
• C) The increased productive health owing to medical advances
• D) The decline in defined-benefit pensions

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Definitions:

Fixed Corporate Costs

Expenses that do not vary with production volume or sales, such as salaries of managerial staff and rent for corporate headquarters.

Fixed Expenses

Costs that do not fluctuate with changes in production level or sales volume.

Avoidable Expenses

Costs that can be eliminated if a certain decision is made, such as discontinuing a product line.

Financial Advantage

A benefit enjoyed by an entity that puts it in a stronger financial position, such as lower costs, greater revenues, or superior investment returns.