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Microsoft Office Skills MCQs

What is a "golden handshake/parachute"?

It is the term that describes a final agreement on a proposed business deal between two organizations.

It is the formal agreement about pay structure, leave policy, and working hours etc., signed by a new employee while joining an organization.

It is the term used for a generous employment severance package when an executive loses his or her job through restructuring, redundancy or a scheduled retirement.

It is the term used for re-hiring of past employees in an organization.

Answer

Correct Answer: It is the term used for a generous employment severance package when an executive loses his or her job through restructuring, redundancy or a scheduled retirement.

Explanation:

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