Which of the Following Is a Myth About Social Security

question 80

Multiple Choice

Which of the following is a myth about social security?

• A)The money deposited by the depositors belong to the government.
• B)The social security fund is economically unviable.
• C)There can be deficit in the Social Security Trust Fund.
• D)The social security fund benefits only the low income earners and unemployed youth.
• E)Social security ensures that only the elderly poor are cared for.

---

Definitions:

Proxy

A person authorized to act for another, especially in a vote, or the act of authorizing someone to vote on one's behalf in corporate matters.

Quorum Requirements

The minimum number of members who must be present at any of its meetings to make the proceedings of that meeting valid.

Directors

Members of a corporation's board responsible for making major decisions and overseeing the managerial aspects of the company's operations.

Corporate Earnings

The profit a company makes after deducting all costs, expenses, interest, and taxes from its total revenue.