The Use of Performance as a Layoff Criterion

question 92

Multiple Choice

The use of performance as a layoff criterion:

• A) usually protects firms from discrimination suits.
• B) disproportionately affects women and minorities.
• C) tends to eliminate older workers rather than younger workers.
• D) can be problematic due to inconsistent management documentation.

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Definitions:

Interest Rate

It represents the cost of borrowing money or the reward for saving, crucial for personal finance and economic policy decisions.

Years

Units of time that represent a period approximately equal to 365 days, used to measure duration or age.

Economic Profits

The surplus remaining after subtracting both the explicit and implicit costs from total revenues.

Productive Land Resources

Refers to natural resources that can be used for production purposes, such as agriculture, mining, and forestry.