The Move of the "Baby Boomers" into the 45-64 Age

question 220

Multiple Choice

The move of the "Baby Boomers" into the 45-64 age group:

• A) increased the average age of the population.
• B) created new opportunities in financial services.
• C) contributed to increased interest in health and fitness products.
• D) All of these are correct.

---

Definitions:

Layoff Cost

The expenses associated with terminating employees, including severance pay, benefits continuation, and administrative costs.

Hiring And Training Cost

The expenses associated with recruiting, hiring, and training employees, which include advertising for positions, interviewing, onboarding, and educational programs.

Labor Hours

The total number of hours worked by employees within a specific period, often used to measure productivity or labor costs.

Inventory Holding Cost

Expenses associated with storing unsold goods, including warehousing, insurance, taxes, depreciation, and opportunity costs of capital tied up in inventory.