The type of depreciation that would be the most difficult to cure would be:
A: Physical deterioration;
B: Functional obsolescence;
C: Economic obsolescence;
D: Physical depreciation.
Answer: C: Economic obsolescence;
Business
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Which of the following criteria is an organization required to meet while offering early retirement incentives?
A. Set an age at which retirement benefits stop growing B. Ask female employees to pay more to defined-benefit plans C. Should not coerce employees to retire. D. Ask employees to sign compulsory waiver under ADEA E. Provide employees not more than 48 hours to make an early retirement decision
Business
Holding all other variables constant, payment per period for an annuity due will be higher than an ordinary annuity
Indicate whether this statement is true or false.
Business