Which Is True of the Older Workers Benefit Protection Act

question 7

Multiple Choice

Which is true of the Older Workers Benefit Protection Act?

• A) It is designed to protect older workers from high cost prescriptions.
• B) It is an amendment to Title VII of the Civil Rights Act.
• C) It is evidence of the government's emphasis on worker security at the cost of employers.
• D) It allows employers to provide lower benefits for older workers as long as the costs to provide those benefits are the same as the costs to provide benefits for younger workers.

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Definitions:

Cash Discount

A reduction in the price paid for goods or services if payment is made in cash or within a certain time period.

Balance Sheet Hedge

A financial strategy used to limit or offset the risk of currency exchange rate fluctuations affecting a company's balance sheet.

Exchange Rates

The value of one currency for the purpose of conversion to another.

Challenges

Situations that present difficulty, requiring a solution or adaptation.