Highly Compensated Executives Sometimes Prefer Fringe Benefits Such as Club

question 384

True/False

Highly compensated executives sometimes prefer fringe benefits such as club memberships, company cars, and more vacation time, as opposed to higher salaries because most often these benefits are not taxable income.

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Definitions:

Setup Cost

The expenses associated with configuring or preparing equipment, machinery, or production lines for manufacturing a new product batch or type.

Operate

Operate refers to the process of controlling and managing the functions of systems, machinery, or organizations.

Strategic Planning

A systematic process for envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Supply Chain Network Design

The strategic planning and setup of a network of interconnected businesses involved in the provision of product and service packages required by end customers.