Baby boomers:
a. spend less money than any other cohort.
b. spend more on food than any other population group.
c. have many health care expenses.
d. are not open to new brands.
ANSWER: c
Boomers are carrying substantial financial burdens, including mortgages, health care expenses, and their children's educations. Many are postponing retirement to pay these debts.
You might also like to view...
Each of the following might, by itself, form a valid basis for an auditor to decide to omit a procedure except for the
a. Difficulty and cost involved in testing a particular item b. Assessment of the risks of material misstatement at a low-level c. Inherent risk involved d. Relationship between the cost of obtaining evidence and its usefulness
The role of the World Bank is to provide financing for national economic development efforts
Indicate whether the statement is true or false