If Employees Don't Choose the Maximum Benefits Limits in a Core-Plus-Option

question 49

True/False

If employees don't choose the maximum benefits limits in a core-plus-option cafeteria plan they lose the difference.(Types of Flexible Benefit Plan Arrangements)

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Definitions:

Beneficial Mutations

genetic mutations that result in advantageous traits or abilities, enhancing an organism's survival or reproduction.

Survival of the Fittest

A concept derived from Darwinian evolutionary theory, it refers to the mechanism of natural selection where individuals better adapted to their environment tend to survive and produce more offspring.

Evolution

A process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Progressive Change

Gradual transformation or development over time in a specific, usually forward or beneficial, direction.