Which of the Following Best Explains Why Older People Approaching

question 57

Multiple Choice

Which of the following best explains why older people approaching retirement age have no intention of retiring?

• A)Many employers want to stay away from the costs of hiring a younger crowd and refuse to retire the older workers.
• B)Older workers typically occupy the best-paid jobs and hence prevent the hiring of younger workers.
• C)Improved health of older people in general,in combination with the decreased physical labor in many jobs,has made working longer a viable option.
• D)Employers are ignoring situations where it is more expensive to pay for an older worker's experience than to hire younger employees.
• E)Statistical forecasting results have shown that older people are an asset to an organization's economic strength.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in the open market.

Strike Price

The predetermined price at which the holder of an option can buy (in a call option) or sell (in a put option) the underlying asset.

Call Option

An economic agreement granting the purchaser the option to acquire an asset at a predetermined price during a designated timeframe, without being compelled to do so.

Market Price

The existing cost at which an asset or service is being offered for buying or selling in the market.