Roger Is 55 Years Old

question 32

Multiple Choice

Roger is 55 years old. He has been working in the banking industry for almost all his adult life. He has been with his current employer for the last 15 years. There has been a great deal of change over that time. With recent economic uncertainty, there has been some downsizing at the bank. When Roger talks with his friends, who are roughly the same age, they discuss similar situations in their organizations. What is the typical corporate experience that Roger and his friends are likely to encounter?

• A) They are being targeted for job cuts.
• B) They are finding that their jobs are stable because of their valuable experience.
• C) They are encouraged to mentor and train younger colleagues who lack real-world experience.
• D) They are being valued and rewarded for their efforts, but not necessarily through financial rewards.

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Definitions:

Competitive Spectrum

The range of competition in a market, varying from monopolies to perfect competition.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often to maximize their own profits at the expense of consumers.

Oligopolists

Firms or entities that are part of a market structure where a small number of companies or sellers dominate the supply of a particular product or service.

Prices

The amount of money or goods asked or given in exchange for goods or services.