Which of the Following Is NOT One of the Clauses

question 17

Multiple Choice

Which of the following is NOT one of the clauses relating to the benefits employers can provide executives?

• A)Benefit plans must cover 80 percent of employees.
• B)Benefit plans must be determinable.
• C)Benefit plans must meet specific vesting requirements.
• D)Average value of benefits for low-paid employees must be at least 90 percent of that for highly paid employees.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or sales volume.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs.

Variable Costs

Variable costs are expenses that change in proportion to the activity or production level of a business.