In the Face of Demographic Pressures Dealing with an Aging

question 15

Multiple Choice

In the face of demographic pressures dealing with an aging workforce,many employers try to use ________ among their older workers through early retirement incentive programs.

• A)paid leave
• B)job rotation
• C)work sharing
• D)voluntary attrition
• E)transfers

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Definitions:

Capital Lease

A lease classified as a purchase by the lessee for accounting purposes, as it transfers substantially all risks and benefits of ownership.

Present Value

The value today of a sum of money to be received in the future, or a series of future payments, based on a chosen rate of return.

Minimum Lease Payments

The lowest amount that a lessee is expected to pay over the lease term, as specified in a lease agreement.

Leased Asset's Fair Value

The estimated market value of an asset under lease, which should represent what the asset would sell for in an arm's length transaction.