Signork, an Accounting Firm, Offers Benefits Such as Higher Education

question 151

Multiple Choice

Signork, an accounting firm, offers benefits such as higher education sponsorships, annual fixed bonuses, commissions, pension plans, and term insurance plans to its employees. The employees are given a set amount to spend and allowed to choose any of the benefits within that set amount. In this scenario, which of the following does Signork offer to its employees?

• A) Target-based benefits
• B) Defined benefits
• C) Variable benefits
• D) Cafeteria-style benefits

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Definitions:

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for financing inventory and accounts receivable.

Coupon Payments

Periodic interest payments made by a bond issuer to its bondholders, usually on an annual or semi-annual basis.

Sold at a Discount

refers to selling something for less than its usual or advertised price, often to encourage quick sales or because the item is slightly damaged or outdated.

Revolving Credit

A credit line allowing the borrower to use, repay, and reuse funds up to a certain limit.