Forms of Indirect Compensation Such as Vacations, Dental Insurance, and Pensions

question 25

Multiple Choice

Forms of indirect compensation such as vacations, dental insurance, and pensions are part of which of the following?

• A) commissions
• B) fringe benefits
• C) incentives
• D) bonuses

---

Definitions:

NICs

Stands for Newly Industrialized Countries, which are nations experiencing rapid economic growth and industrialization.

LDCs

Least Developed Countries (LDCs) are low-income countries confronting severe structural impediments to sustainable development, often characterized by weak socioeconomic indicators.

Population Growth

The increase in the number of individuals in a population over time, due to factors like birth rates exceeding death rates or immigration.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time.