Stephen Is Not Ready to Retire Yet, but He Is

question 113

Multiple Choice

Stephen is not ready to retire yet, but he is starting to think about it. At this stage in his life, he can afford a reduction in pay, and he would like to have more time to explore other hobbies and interests while still working at the job that he really enjoys. Which nontraditional work option would be most suitable for Stephen to pursue?

• A)Telecommuting
• B)Flextime
• C)Job sharing
• D)Compressed workweek

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Definitions:

Budget Period

A specific time frame during which financial resources are planned, allocated, and monitored.

Payroll Deductions

Amounts that are automatically withheld from an employee's wages by their employer, typically for taxes, social security, and benefits.

Variable Expenses

Costs that change in amount and type, depending on activities and choices, such as eating out, entertainment, and travel.

Fire Extinguisher

A portable device used to put out small fires by discharging a substance that cools the burning material, deprives the flame of oxygen, or interferes with the chemical reactions occurring in the flame.