Which of the Following Factor(s)is Expected to Increase the Cost

question 60

Multiple Choice

Which of the following factor(s) is expected to increase the cost of benefits?

• A)advances in dental care
• B)the looming labour shortage
• C)baby boomers
• D)employee services
• E)pension plans

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Definitions:

Counter Check

A special bank check that allows a depositor to draw funds from his own account only, as when he has forgotten his checkbook.

Imprinted Checks

Checks that have been pre-printed with specific information, such as the payer's name and account details, to enhance security and reduce fraud.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Uncollectable Account

A debt or receivable that is considered to be uncollectible from a debtor, often because it is overdue or the debtor is unable to pay.