Why Would a Company Consider Increasing the Amounts That Employees

question 88

Multiple Choice

Why would a company consider increasing the amounts that employees have to pay towards their benefits by increasing premiums or deductibles?

• A)To comply with ERISA guidelines
• B)To encourage early retirement
• C)To contain costs
• D)To limit workers' compensation claims

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Definitions:

Bargain Orientation

A consumer's tendency to seek out, enjoy, and pursue discounts, sales, and opportunities to save money on purchases.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing their behaviors, thoughts, and emotions.

Idiocentrics

Individuals who prioritize their own goals and needs over those of the group, reflecting a more individualistic orientation.

Allocentrics

Allocentrics are individuals characterized by their preference for varied experiences and concern for others, contrasting with those who are more self-centered or egocentric.