Employers Can Reduce the Cost of Retiree Benefits in Any

question 45

Multiple Choice

Employers can reduce the cost of retiree benefits in any of the following ways except

• A)increasing deductibles.
• B)increasing retiree contributions.
• C)increasing costs paid by workers' compensation.
• D)tightening eligibility requirements.
• E)reducing maximum payouts.

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Definitions:

Perpetual Inventory System

An inventory system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Inventory System

A method of tracking the quantity, type, and value of products or materials a company has in stock.

Single-step Income Statement

A simplified income statement format that calculates net income by subtracting total expenses from total revenues in a single step.

Periodic Inventory System

A method of inventory valuation for financial accounting purposes where a physical count is performed at specific intervals to determine the ending inventory balance and the cost of goods sold.