The Age Discrimination in Employment Act of 1967 Was Amended

question 60

Multiple Choice

The Age Discrimination in Employment Act of 1967 was amended in 1986 to:

• A) remove the upper age limit.
• B) raise the retirement age to 70.
• C) require age quotas for federal contractors.
• D) include employers with fewer than 15 employees.

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Definitions:

Asset Management

The organized method of creating, managing, preserving, and trading assets in an economically efficient way.

Profitability

A measure of the efficiency of a company in generating profits from its operations, typically evaluated through various financial ratios.

Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets to generate sales revenue.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period.