Leaving the workforce permanently refers to which term?

• A. Phased Retirement
• B. Full Retirement
• C. Retirement
• D. Unplanned Retirement

Answer: (C)

The concept being tested is permanently leaving work. When someone stops working for good, that is retirement—the standard term for ending a career and entering a period of retirement planning and eligibility for pensions or Social Security.

Phased retirement describes gradually reducing work hours while staying employed, so it isn’t permanent. Unplanned retirement refers to an abrupt exit caused by unforeseen events, which isn’t the general, intentional notion of retirement. While “full retirement” can be used in some contexts to emphasize complete withdrawal, the most precise and commonly used term for permanently leaving the workforce is retirement.