Chris,aged 62,is an Employee of Magnatrix Inc

question 100

Multiple Choice

Chris,aged 62,is an employee of Magnatrix Inc.,a small company with 12 employees.The CEO of Magnatrix,Kathy,asks Chris to retire as the company is planning to reduce its financial budget.Kathy also mentions that Chris is entitled to $50,000 a year in retirement benefits.Chris does not want to be forced into retirement,and he decides to sue Magnatrix for age discrimination.In this scenario,Chris cannot sue for discrimination under the Age Discrimination in Employment Act because

• A) he is entitled to $50,000 a year in retirement benefits.
• B) he is older than 60 years.
• C) Magnatrix has only 12 employees.
• D) it is legal for Magnatrix to force any employee into retirement.
• E) he was not fired from Magnatrix.

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Definitions:

WACC

Weighted Average Cost of Capital; a calculation used to estimate the cost of financing a company's assets, blending debt and equity costs.

MIRR

Modified Internal Rate of Return, which adjusts for the differences in reinvestment rates of a project's cash flows.

Project

A temporary endeavor undertaken to create a unique product, service, or result with defined objectives and constraints.

WACC

Weighted Average Cost of Capital; a measure used to calculate the average cost of a company's financing sources, including equity and debt.