A Government Agency Has 6000 Employees

question 59

Multiple Choice

A government agency has 6000 employees. As an alternative to the traditional five day work week, employees were asked whether they preferred a four day work week (10
Hours per day) or flexible hours. The segmented bar chart below is based on the data
Collected. Which of the following statements is true about work week preferences and
Age category?

• A) A greater percentage of employees who prefer a 4 day work week are in the over 45 age category compared to those who prefer flex hours.
• B) A greater percentage of employees who prefer flex hours are in the over 45 age Category compared to those who prefer a 4 day work week.
• C) Preferences appear to be independent of age.
• D) The distribution of preferences are the same across different age groups.
• E) The segmented bar chart is not appropriate for these data.

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Definitions:

Present Value

The current financial value of a future cash sum or series of inflows, adjusted with a determined rate of return.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations based on its earnings before interest and taxes.

Creditors' Protection

Legal and financial mechanisms designed to safeguard the interests and rights of creditors, ensuring they receive payment owed to them.

Effective Interest Rate

The real rate of interest earned or paid on a loan or investment over a period, taking into account the effect of compounding.