The Age Discrimination in Employment Act Does Not Forbid Employers

question 11

True/False

The Age Discrimination in Employment Act does not forbid employers from setting a mandatory retirement age for employees who are 65 years old.(Mandatory Retirement Age)

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Definitions:

Return on Assets

A financial ratio that indicates the profitability of a company in relation to its total assets.

Return on Assets

Return on assets (ROA) is a financial ratio that indicates how profitable a company is relative to its total assets, calculated by dividing net income by total assets.

Multiple Step Income Statement

An income statement that separates operational revenues and expenses from non-operational ones to calculate net income.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made, used to prepare financial statements.