It Is Hard to See the Long-Term Debt Obligations Stemming

question 232

Multiple Choice

It is hard to see the long-term debt obligations stemming from health care and Social Security because

• A) we do not know how many people will qualify for these payments.
• B) these expenses were budgeted and paid out during the year in which the recipients contributed their taxes.
• C) these expenses are budgeted and paid out during the year in which the costs are incurred.
• D) these expenses never show up in the budget.

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Definitions:

Maslow's Need Hierarchy

A theory of human motivation which states that people are motivated to fulfill basic needs before moving on to other, more advanced needs.

Incentives

Rewards or motivations provided to encourage specific behaviors or outcomes, commonly used in organizational settings to enhance performance.

Physiological Need

Basic physical requirements for human survival, such as food, water, and shelter, as identified in Maslow's hierarchy of needs.

Need for Sleep

Refers to the essential, intrinsic requirement of all human beings (and many animals) for rest through sleep to maintain physical, mental, and emotional health.