Which of the Following Is True of Early Retirement Programs

question 4

Multiple Choice

Which of the following is true of early retirement programs?

• A) Early retirement programs are part of a company's strategy to lay off employees.
• B) Eligibility for early retirement is usually based on age and years of service.
• C) It is good to exclude the early retirement program from the employee benefit plan.
• D) It is mandatory for the chosen employees to accept early retirement, that is, it is involuntary.

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Definitions:

Extrinsic Motivation

Motivation fueled by external incentives like financial gain, recognition, academic achievement, and commendation.

Intrinsic Motivation

A form of motivation driven by an internal reward system or personal satisfaction.

Authentic Desires

Genuine wants or aspirations that truly reflect an individual's personal values and interests, as opposed to those influenced by external societal pressures.

State of Flow

A psychological state where a person is fully immersed and engaged in an activity, experiencing a blend of focus, enjoyment, and fulfillment.