Which of the Following Statements Is TRUE Regarding a 1986

question 114

Multiple Choice

Which of the following statements is TRUE regarding a 1986 amendment to the Age Discrimination in Employment Act (ADEA) .

• A) Pension plans must be available to employees at the time (and age) that they choose to collect Social Security.
• B) Claudia has just turned 65. It would be legal for Claudia's employer to reduce her health care benefits since Claudia now qualifies for Medicare.
• C) Employers can no longer specify a "normal" retirement age.
• D) Bill is 78 and is working part-time for a "big box" home and garden store. The store manager can not require Bill to retire.

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Definitions:

Unit Contribution Margin

The difference between the selling price per unit and the variable cost per unit of a product.

Unit Sales

The total quantity of a product sold by a company, not accounting for the revenue generated or any discounts offered.

Break-Even Volume

is the quantity of sales necessary to cover all fixed and variable costs, resulting in zero profit or loss.

Break-Even Point

The point at which total costs equal total revenue, meaning there is no profit or loss.