Which of the Following Best Describes a Phased-Retirement Program

question 3

Multiple Choice

Which of the following best describes a phased-retirement program?

• A) It refers to laying off older employees in small batches.
• B) It refers to giving lucrative incentives to a large number of older employees to voluntarily retire.
• C) It refers to reducing the number of hours older employees work, as well as the cost of these employees.
• D) It refers to giving older employees a certain time limit to voluntarily retire.
• E) It refers to offering alternative work locations and work responsibilities to older employees.

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Definitions:

Parallel

Entities or processes that are happening simultaneously without intersecting or affecting each other directly.

Variables

Elements, features, or factors that can be changed and measured in an experiment to determine their effects.

Main Effect

In analysis of variance, when a factor or an independent variable has a significant effect upon the outcome variable.

ANOVA

Short for Analysis of Variance, a set of statistical techniques used to compare the means of three or more samples.