Fifty-Two Year Old Nicolas Worked as an Operations Manager in Austell

question 30

Multiple Choice

Fifty-two year old Nicolas worked as an operations manager in Austell steel plant. The working conditions at Austell were quite hazardous and as a result, Nicolas was grievously injured while performing his job. Due to the key responsibilities associated with Nicolas' role, the employer asked him to step down from his position to be replaced by his thirty-eight year old team member. In this case, the employer has the burden to prove that removal of Nicolas is:

• A)in favor of company.
• B)based upon company policy.
• C)a reasonable factor other than age.
• D)lawful at the discretion of the organization.

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Definitions:

Profit-maximizing Combination

An optimal mix of inputs or factors of production that results in the highest possible profit for a firm, given the costs and available resources.

Production Costs

Expenses incurred by a business in the process of creating a good or service, including raw materials, labor, and overhead.

Elasticity

The measure of how much the quantity demanded or supplied of a product changes in response to a change in its price.

Resource Demand

The desire and ability of businesses or individuals to acquire resources or inputs required to produce goods and services.