The One-Time Incentive Offer for Early Retirement Differs from an Early

question 63

Multiple Choice

The one-time incentive offer for early retirement differs from an early retirement option in that

• A) the employee either accepts the offer or is laid off.
• B) it offers a comprehensive package of insurance coverage as well as pension payments.
• C) pension payments end with the death of the worker.
• D) the pension benefits can be passed on to a spouse and children.

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Definitions:

System-1 Thinking

A fast, automatic, intuitive, and emotional way of thinking and decision-making, contrasted with more deliberate and logical System-2 thinking.

Situational Cues

Environmental or contextual signals that influence an individual's behavior, perception, or decision-making in specific situations.

Heuristic Shortcuts

Simple, efficient rules which people often use to form judgments and make decisions, sometimes leading to cognitive biases.

Stereotyping Heuristic

A mental shortcut that allows individuals to make quick judgments about people or situations based on generalizations or stereotypes.