Elizabeth Is a 59-Year-Old Account Representative at a Large Bank

question 97

Multiple Choice

Elizabeth is a 59-year-old account representative at a large bank.Due to the increasing popularity of online banking,the bank has more employees than it needs.Recently,the bank has offered early retirement to account representatives between the ages of 55 and 65 who have been with the company for a minimum of 15 years.Four employees,including Elizabeth,meet these requirements.It is most likely that:

• A) the bank is violating the Equal Pay Act by forcing female employees to retire.
• B) the bank is violating the Age Discrimination Act by forcing Elizabeth to retire.
• C) Elizabeth has received poor performance appraisals for many years.
• D) Elizabeth must make her decision by a specific date.

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Definitions:

Shift Left

The practice in software development and IT operations of moving tasks or steps to earlier stages in the process or lifecycle to identify and solve issues sooner.

Profit-Maximizing

A strategy or process aimed at increasing a firm's profits to the highest possible level given its production and market constraints.

Monopolistically Competitive

A market structure characterized by many firms offering products that are similar but not identical, allowing for some degree of market power.

Monopolistic Firm

A company that possesses unique characteristics in its products or services, giving it significant control over its market prices.