Which of the Following Statements About Early Retirement Is Most

question 180

Multiple Choice

Which of the following statements about early retirement is most accurate?

• A) Traditional early retirement plans are no longer legal because they represent age discrimination.
• B) An advantage of early retirement as a method of downsizing is that early retirement provides opportunities for younger employees to be promoted.
• C) Federal law requires firms to offer early retirement benefits to any worker who voluntarily offers to retire before the age of 60.
• D) Workers who receive an offer for early retirement are likely to gain by refusing the firm's first offer and holding out for a better deal.

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Definitions:

Profit-Maximizing Firms

Businesses that aim to achieve the highest possible profit from their operations.

Market Failure

The inability of a market to bring about the allocation of resources that best satisfies the wants of society; in particular, the overallocation or underallocation of resources to the production.

Property Rights

Legal rights to possess, use, and dispose of assets such as land, buildings, goods, or intellectual property.

Long-Term Stream

A strategy or planning horizon that focuses on achieving goals or outcomes over an extended period, rather than immediate results.