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

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

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