According to OWBPA,employers Are Not Required to Offer Older Workers

question 37

True/False

According to OWBPA,employers are not required to offer older workers benefits equal to younger workers if it costs them too much. (The Age Discrimination in Employment Act of 1967 (ADEA))

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Definitions:

Period Cost

Expenses that are incurred by a business during a specific period but are not directly tied to the production process, such as administrative and selling expenses.

Property Taxes

Taxes paid by property owners to local or state authorities based on the assessed value of their property.

Direct Materials

Raw materials that can be directly traced to the manufacturing of a product and are an essential component of the finished product.

Direct Labor

The cost of workers who are directly involved in producing goods or providing services.