Under the Age Discrimination in Employment Act and Its Amendments

question 22

Multiple Choice

Under the Age Discrimination in Employment Act and its amendments, _____.

• A) employers of 10 or more people are prohibited from discriminating against their employees on the basis of age
• B) it is permissible for employees to take early retirement
• C) it is legal for employees less than 70 years of age to retire under a mandatory pension plan
• D) no BFOQ exemption is provided

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and in our daily lives to solve problems or create useful products.

Inventory

A company's merchandise, raw materials, and finished and unfinished products which have not yet been sold. These are considered liquid assets.

Standard Price

A predetermined cost or selling price of a product or service, often used in budgeting and accounting to measure variances in actual cost or price.

Direct Materials

Raw materials directly used in the manufacturing of a product, easily traceable to the finished product.