Which of the Following Do NOT Fall Within the Definition

question 20

Multiple Choice

Which of the following do NOT fall within the definition of a termination benefit?

• A) Employee resignation.
• B) Voluntary redundancy accepted by an employee.
• C) Termination of employment before the normal retirement date due to company insolvency.
• D) Termination of employment before the normal retirement date due to poor performance.

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Definitions:

APC

Average Propensity to Consume, the ratio of total consumption to total disposable income, indicating how much income is spent on goods and services.

APS

Average Propensity to Save, a macroeconomic term that refers to the proportion of total income which is saved by households in an economy.

APC

Average Propensity to Consume, which is a measure of the percentage of income that is spent on goods and services rather than being saved.

Income

Funds regularly amassed from labor or capital invested.