Academy of Finance

International Training Program

Assignment 1

Name of the Student :

Registration Number :

Subject : Business Economics and Cost Accounting

Lecturer : MR. JUN ALEJO BATHAN

Deadline of submission :

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|Total marks: 40 marks (40 % of total assessment) |
|All answers must be in word document (Should not exceed in 2,000 words in length) |
|All calculations and workings must be clearly shown |
|Provide citations inside the content and list of references, use the harvard referencing style |
|Copied and plagiarized from any source will RECEIVE NO MARK. |

Question One (20 Marks)

Case I: Business Economics
The current economic decline has been particularly harsh for Baby Boomers. Many have watched the value of their stock portfolios plummet at the same time their home equity disintegrated. In addition there are nearly four million over the age of 45 who are now unemployed. Many who retired prior to the recession have been forced to take part-time jobs just to keep paying bills. Career counselors indicate that it is now common to see workers over the age of 70.
In the past downsizing companies often offered early retirement packages to entice older workers to leave the company. Now many have "dispensed with the niceties of severance pay" as the economy continues to tank. These newly unemployed are also finding it difficult to land entry level positions. Many employers are skeptical of