The "Rule of 70" Is a Formula for Determining the Approximate

question 71

Multiple Choice

The "rule of 70" is a formula for determining the approximate number of

• A) years that it would take for a value (like real GDP) to expand 70 times.
• B) years that it would take for a value (like real GDP) to double.
• C) times a value (like real GDP) is a multiple of 70.
• D) times one could double a certain value (like real GDP) over 70 years.

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Definitions:

Termination

The act of ending an employee's contract with a company, which can be voluntary or involuntary.

Discharge

The termination of an employee's position or duties, which can be due to various reasons, including redundancy, misconduct, or organizational restructuring.

Seniority

A system in which privileges or positions are given according to the length of service or tenure of an individual within an organization.

Hiring Freeze

A policy or decision by an organization to temporarily halt the recruitment of new employees, often due to financial constraints.