Fifty-Five Year Old Mark Has Worked with an Organization for 20

question 44

Multiple Choice

Fifty-five year old Mark has worked with an organization for 20 years and was looking forward to his impending promotion. During his annual appraisal, his supervisor stated that he had "put in enough time" and suggested he step down from his post since most executive employees retired at the age fifty five. In this instance, Mark does not need to resign since:

• A)he is physically fit to work.
• B)under Age Discrimination in Employment Act mandatory retirement of such executives prior to sixty-five is still prohibited.
• C)retirement will violate Americans with Disabilities Act.
• D)it is mandatory for his organization to hand him the promotion considering his age and level of experience.

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Definitions:

Centered

In a general context, it means being in the middle or at the heart of something; in mathematics, it can refer to the process of adjusting data points or a distribution so that its mean equals zero.

Convex Preferences

Refers to a situation in economics where a consumer prefers a mix or combination of goods over having all of one good, demonstrating a desire for diversity in consumption.

Exchange

The act of giving one thing and receiving another in return, particularly in reference to goods, services, or currencies.

Transitive Preferences

A concept in decision theory where if a person prefers option A over B and B over C, then the person also prefers A over C.