Nicholas works for a marketing firm,which is looking to cut staff due to financial hardships.Since Nicholas is nearing 70 years old,the company decides to encourage him to retire by offering him various financial incentives.This worker buyout is also known as a(n)________.
A) bonus
B) golden parachute
C) incentive-payment structure
D) commission
E) age discrimination

Question

Quizplus · Accepted Answer

A golden parachute is a form of severance package, often offered to top executives or employees with specialized skills, that provides financial benefits in the event of a merger, acquisition, or other change in ownership. In this case, the company is offering Nicholas financial incentives to encourage him to retire, which can be considered a form of golden parachute.

Nicholas Works for a Marketing Firm,which Is Looking to Cut