Which of the Following Statements Is True of Cafeteria-Style Benefits

question 53

Multiple Choice

Which of the following statements is true of cafeteria-style benefits plans offered by organizations?

• A) Cafeteria-style benefits are funded jointly by the employer and the government.
• B) They typically take the form of referrals for employees with a disabled parent or one who needs constant care.
• C) Some evidence suggests that these programs can lead to increased satisfaction and reduced turnover.
• D) They are benefits targeted at different stages in an employee's life.

Ability to compute turnover ratios, including accounts receivable turnover, inventory turnover, and days' sales in inventory.

Learn how to compute liquidity ratios, specifically the current ratio and acid-test (quick) ratio.

Interpret and calculate performance measures such as profit margin and return on total assets.

Understand the significance and calculation of working capital.

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Definitions:

Price Elastic

The responsiveness of the quantity demanded or supplied of a good to a change in its price. High elasticity means quantity changes significantly with price changes.

Necessity

A requirement or indispensability; something that cannot be done without.

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply, measuring the percentage change in quantity demanded or supplied relative to a percentage change in price.

Price Elasticity

A metric determining how the quantity of a good demanded fluctuates with a shift in that good's price.