Patrick Owns a Public Accounting Practice

question 62

Multiple Choice

Patrick owns a public accounting practice. He makes a plan with his oldest accountant to reduce her hours each year for the next three years until she retires. What separation term describes this example?

• A) Retiree on call
• B) Phased retirement
• C) Pre-retirement schedule
• D) Voluntary retirement
• E) Involuntary retirement

---

Definitions:

Concrete Operational

A stage in Jean Piaget's theory of cognitive development during which children gain the mental operations that enable them to think logically about concrete events.

Cognitive Development

The process of growth and change in intellectual capabilities that occurs from infancy, through childhood, and onto adulthood.

Erik Erikson

A psychoanalyst known for his theory on the psychosocial development of human beings, encompassing eight stages from infancy to adulthood.

Sigmund Freud

An Austrian neurologist best known for founding psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.