Which of the Following Statements Is True of Employee Benefits

question 55

Multiple Choice

Which of the following statements is true of employee benefits?

• A)Employers can substitute insurance benefits for job security.
• B)Group insurance benefits has relatively easy qualification standards.
• C)Most employee benefits are taxable.
• D)Many group-based benefits are obtained at a higher rate than could be obtained by employees acting on their own.

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Definitions:

Economic Order Quantity

The optimal quantity of inventory to order that minimizes total inventory costs, including holding, ordering, and shortage costs.

Carrying Cost

The total expense of holding a particular asset over time, including storage, insurance, and taxes, but excluding buying cost.

Order Cost

Expenses incurred in placing and receiving orders from suppliers, including costs related to processing, shipping, and handling.

Economic Order Quantity

The ideal order size to minimize total inventory costs including ordering, carrying, and stockout costs.