Phased retirement gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.
<h3>What is Phased retirement ?</h3>
- A human resource's strategy called phased retirement enables full-time employees to work part-time hours while starting to receive retirement benefits.
- Employers may be able to better manage or even lower payroll costs during the transition by utilizing phased retirement.
- This plan enables the retiree to work less hours, often switching from full to part-time, and uses less payroll funds.
- It is completely optional and requires the agreement of both the employee and the hiring organization.
- An employee must have worked three years straight at a full-time job in order to be eligible to participate.
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<span>As one increases the
number of periods used in the calculation of a moving average, l<span>ess
emphasis is placed on more recent data. Therefore the answer is letter B. This
is because moving average is derived from successive segments of a series of
values. As the number of periods increase, the effect of recent data gets less
significant.</span></span>
Answer:
(A) Current period productivity= 4 units/hr
Previous period productivity= 3.833units/hr
(B) increase in productivity by 4.356 percent
Explanation:
A manager checkedthe rate of production and found out that a worker produced 160 units while working for 40 hours
In the previous week the same worker produced 138 units while working for 36 hours
(A) The current period productivity can be calculated as follows
= 160 units/40 hours
= 4 units/hr
The previous period productivity can be calculated as follows
= 138 units / 36 hours
= 3.833 units/hr
(B) The productivity growth can be calculated as follows
= current period productivity - previous period productivity / previous period productivity
= 4-3.833/3.833
= 0.167/3.833
= 0.04356 × 100
= 4.356 percent
Hence there was an increase in workers productivity by 4.356 percent
Answer:
(a) Yes. It is an opportunity cost of new job because the additional time he spent commuting is a cost, as he can utilize that time in doing something else.
(b) Yes. It is also an opportunity cost because if a person wants to join a new job then he have to give up his current job. So, the earning of $45,000 from his current job is the opportunity cost of accepting the new job.
(c) No. It is not an opportunity cost but it is an additional benefit from the new job because he is not sacrificing anything to obtain this benefit.
Answer:
The correct answer is option D.
Explanation:
The use of plastic to produce bicycle helmets will reduce the amount of resources available to other industries that use plastic. If an industry is making helmets from plastic, they are using plastic as inputs in the production process. This will cause a reduction in the quantity of plastic available.
This plastic is used by other industries as well. They will experience a reduction in the resources available to them.
