Core-Plus Plans Consist of ________

question 26

Multiple Choice

Core-plus plans consist of ________.

• A)predesigned packages of benefits that an employee must accept as a whole
• B)monetary benefits which are linked to one's performance appraisals
• C)fractions of a company's profit margins determined on the basis of an established formula
• D)pretax dollars up to the dollar amount offered in the plan that an employee sets apart to pay for particular benefits
• E)essential benefits and a menu-like selection of other benefits that an employee can choose from

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Definitions:

Discount Period

The time frame between the date of a bill's issuance and its payment due date, during which a payment discount may be available.

Payment

A transaction in which money is exchanged for goods or services.

Purchase

The process of purchasing products, services, or assets by paying money or something of similar value.

Merchandise

Goods that are bought and sold in the normal course of business, typically in a retail or wholesale setting.