Benefits Plans That Allow Employees to Choose from a Variety

question 153

Multiple Choice

Benefits plans that allow employees to choose from a variety of benefit options are known collectively as:

• A)flexible benefits plans or cafeteria plans.
• B)employee assistance plans or EAPs.
• C)health care spending accounts.
• D)unrestricted benefits plans.

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Definitions:

Consumer Preferences

The subjective tastes and desires influencing the choices that consumers make among various products and services.

Occupational Safety and Health Act

A law enacted to ensure safe and healthful working conditions for employees by setting and enforcing standards and providing training, outreach, education, and assistance.

Securities Act

A U.S. law enacted in 1933 that requires transparency in the sale of securities to protect investors from fraud and misleading information.

Hazards

Potential sources of harm or adverse health effects on individuals or populations, often categorized as physical, chemical, biological, ergonomic, or psychosocial.