Which of the Following Is NOT Part of the Cost-Centered

question 12

Multiple Choice

Which of the following is NOT part of the cost-centered approach for deciding to provide a benefit?

• A)Checking compliance
• B)Evaluating competitiveness of current benefits
• C)Examining employee preferences
• D)Basing benefits on historical costs

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Definitions:

Stated Interest Rate

The annual interest rate declared on a bond or loan, not accounting for compounding or the effect of any fees.

Chi-square

A statistical test used to examine the differences between categorical variables in a contingency table.

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution.