If Social Security Is Privatized

question 10

Multiple Choice

If social security is privatized:

• A)the contributors would receive fixed and defined retirement benefits.
• B)the contributors would earn on the basis of pay-as-you-go system.
• C)individuals would be paid on the basis of their incomes.
• D)individuals would earn returns on their investments made out of their savings.
• E)individuals would not be required to pay taxes and hence would receive no benefit.

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Definitions:

Manager

A person responsible for controlling or administering an organization or group of staff.

Centralisation

The organizational structure where decision-making authority is concentrated at the top levels of management, often resulting in a hierarchy of power.

Decentralisation

Decentralisation is the dispersion of authority to make decisions throughout all levels of the organisation.

Managerial Advice

Guidance or recommendations provided by someone in a supervisory role, intended to improve an individual's or team's performance and decision-making.