Charles, Who Is Working for Impulsive Motors for the Last

question 44

Multiple Choice

Charles, who is working for Impulsive Motors for the last 34 years, wants to take voluntary retirement from the company. However, he does not want to leave without receiving the full benefits of the company's retirement plan and therefore stalls his retirement for another year. It is stated in the company policies that a person will only receive all the retirement benefits if he or she has worked in the company for at least 35 years. In this case, the period of 35 years is the _____.

• A) grace period
• B) upliftment period
• C) vesting period
• D) tie-up period

---

Definitions:

Histogram

A type of bar graph used in statistics to represent the distribution of a dataset by showing the frequencies of different intervals of values.

Tails

Refers to the extreme ends of the distribution curve, highlighting areas of very low probability in statistical analysis.

Coefficient of Variation

A measure of relative variability that expresses the standard deviation as a proportion of the mean, commonly used to compare the degree of variation from one data series to another.

Dispersion

The degree to which a distribution is stretched or squeezed, often measured by statistics such as range, variance, or standard deviation.