What is the term baltes & baltes use to designate the ways workers narrow their job tasks to only the most important ones and delegate the rest to others?

The term is "selection".

Paul B. Baltes was a German therapist whose expansive scientific plan was dedicated to building up and advancing the life-span orientation of human advancement. He was likewise a scholar in the field of the psychology of aging. Baltes was born in 1939 and died in 2006 at the age of sixty-seven.

1) To insure income is sufficient to pay debts

2) To insure the ability to save

3) To be prepared for emergencies

Explanation: