In the Event of a Reduction in Force,age Discrimination Is

question 26

Multiple Choice

In the event of a reduction in force,age discrimination is most likely to be proven where:

• A) the employer reinstates a discharged or demoted employee covered by the Age Discrimination in Employment Act at the employee's prior salary.
• B) the employer hires younger workers when the jobs become available after an employee was discharged at the prior salary of the older worker.
• C) the employee being discharged is younger than the employees being retained.
• D) the discharged employee is allowed to bump others with less seniority.

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Definitions:

Yield To Call

The rate of return anticipated on a bond if it is held until the call date, considering both the interest payments received and the capital gain or loss upon redemption.

Call Price

The price at which a callable bond or preferred stock can be repurchased by the issuer before its maturity date.

Coupon Bond

A type of bond that offers interest payments through periodic coupon payments to the bondholder and returns the principal at maturity.

Yields To Maturity

The total return anticipated on a bond if held until its maturity date, expressed as an annual rate.