When Age Is a Bona Fide Occupational Qualification

question 2

Multiple Choice

When age is a bona fide occupational qualification,

• A) employers can require all employees be in the same age range.
• B) employers can force retirement on employees by age 50.
• C) employers may set minimum ages for hiring.
• D) employers may legally discharge, force retirement on, or fail to hire certain selected types of employees.

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Definitions:

Fixed Costs

Fixed costs refer to expenses that do not change with the level of production or output over the short term, such as rent, salaries, and insurance premiums.

Sensitivity Analysis

A technique in financial modeling used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

Variable Costs

Costs that vary directly with the level of production or volume of sales, such as materials and labor.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums, providing stability to a company's expense structure.