An Advantage of Flexible Benefit Plans Is That If Employees

question 114

True/False

An advantage of flexible benefit plans is that if employees make poor selections and do not use their benefits, it saves the employer money.

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Definitions:

Debit Balance

A situation where the debit side of an account exceeds the credit side, commonly observed in asset accounts and expense accounts.

Credited

A term used in accounting to signify an entry that increases liabilities or income, or decreases assets or expenses on the financial statements.

Investing

Investing is the act of allocating resources, usually money, with the expectation of generating an income or profit.

Frame Shop

A business specializing in creating and selling frames, primarily for artwork and photographs.