Which of the Following Statements Is True

question 73

Multiple Choice

Which of the following statements is true?

• A)Fringe benefits are not part of a person's total earnings.
• B)Fringe benefits do not affect a person's decision whether to accept a job.
• C)Compensation and fringe benefits are unrelated concepts.
• D)Fringe benefits are taxed just like regular money pay.
• E)Fringe benefits have grown as a percentage of workers' total pay.

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Definitions:

Time Preference

This concept describes individuals' preference for immediate benefits over future ones, influencing their decisions on saving, investing, and consumption.

Time Preference

An individual's preference for receiving goods or services sooner rather than later.

Capital Goods

Long-term physical assets used in the production of goods or services, such as machinery and buildings.

Current Consumption

The total amount of goods and services consumed at the present time, as opposed to savings for future consumption.