Social Security Began as a "Pay-As-You-Go" System,meaning That Payments to Current

question 211

Multiple Choice

Social Security began as a "pay-as-you-go" system,meaning that payments to current retirees were paid

• A)from taxes collected from current workers.
• B)from taxes collected from retired workers.
• C)as long as the government had funds available.
• D)as the government collected revenues from tariffs and excise taxes in the years Social Security payments were made.

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Definitions:

Benchmarking

A method of comparing business processes and performance metrics to industry bests or best practices from other companies.

Balanced Scorecard

A system for strategic planning and management utilized by organizations to convey their objectives and align and measure performance in accordance with strategic aims.

Strategic Alignment

The practice of ensuring that an organization's structure, capabilities, and resources are in line with its business strategy and objectives.

Human Resources Planning

The process of forecasting an organization's future human resources needs and developing strategies to fulfill those needs.