Identify a True Statement Regarding Benefits Programs

question 45

Multiple Choice

Identify a true statement regarding benefits programs.

• A) Organizations that do not spend much on employee benefits save money in the long run.
• B) Employees are more likely to be satisfied with firms that provide better benefits.
• C) Organizations unwilling to spend on benefits successfully convince employees to work harder.
• D) Employees are attracted to firms that ask employees to bear the costs of benefits.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent and salaries.

Direct Materials Price Variance

The difference between the actual cost and standard cost of direct materials used in production, indicating how effectively a company is purchasing its raw materials.

Data Collected

Information gathered through observation, experimentation, surveys, or other methods, which can be analyzed to gain insights or make decisions.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs and generating profit.