Which of the Following Type of Benefits Are Mandatory for Employers

question 107

Multiple Choice

Which of the following type of benefits are mandatory for employers to provide?

• A)Vacation time, employment insurance, and employee assistance
• B)Employment insurance, workers' compensation, and social insurance
• C)Extended health insurance, employee assistance, and employment insurance
• D)Extended health insurance, vacation time, and life insurance
• E)Workers' compensation, employment insurance, and extended health insurance

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Definitions:

Purchasing Supplies

The act of obtaining materials, goods, or tools needed to operate a business or complete a task.

Assets

Economic resources or items of value owned by an individual or organization, including tangible and intangible resources, that can be used to produce positive economic value.

Liquidity

The ease with which an asset or security can be converted into ready cash without affecting its market price.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.