Drawbacks to Employers of Flexible Benefits Plans Include All Except

question 16

Multiple Choice

Drawbacks to employers of flexible benefits plans include all except which one of the following?

• A)High initial design costs
• B)High administrative start-up costs
• C)Higher benefits costs
• D)Adverse selection costs

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Definitions:

Rise

An increase in a metric or quantity, often used in financial contexts to indicate growth or upward movement in value.

IFRS

International Financial Reporting Standards, a set of accounting rules prescribed for financial reporting on an international level.

U.S. GAAP

U.S. GAAP, or United States Generally Accepted Accounting Principles, is a collection of accounting standards and procedures for companies to follow when compiling their financial statements in the U.S.

Accounting Treatment

The methodology and guidelines used to represent an accounting process or transaction in the financial statements, according to principles of accounting standards.