Large payment to senior employee who is forced into retirement is called ?
Correct answer: D. Golden handshake
- A. Golden bonus
- B. Golden shake hand
- C. Friendly handshake
- D. Golden handshake
Explanation
A golden handshake is a substantial payment or benefits package offered to a senior employee on retirement or departure. The other phrases are not the standard economic or employment term.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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