If the Employees Do Not Have Enough Credits for a Cafeteria

question 31

Multiple Choice

If the employees do not have enough credits for a cafeteria plan, they can pay the additional cost through payroll deduction on a pretax basis using a(n) :

• A)core plus plan.
• B)premium conversion plan.
• C)modular cafeteria plan.
• D)401(k) plan.
• E)contributory modular plan.

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Definitions:

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A cognitive bias where people ascribe more value to things merely because they own them.

Condominium

A type of real estate owned individually, with shared areas co-owned and maintained by an association of owners.

Identical House

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Loss Aversion

A psychological phenomenon where individuals prefer avoiding losses to acquiring equivalent gains, indicating a greater sensitivity to losses than to gains.