All of the Following Are True About Employee Benefits EXCEPT

question 36

Multiple Choice

All of the following are true about employee benefits EXCEPT

• A) some organisations pay the entire cost of benefits.
• B) offering benefits became a standard component of compensation during World War II.
• C) some employees demand benefits through union bargaining.
• D) providing employee benefits is easier for organisations in South Africa than for organisations in other countries.
• E) organisations are required by law to offer certain benefits.

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Definitions:

Variable-rate Loan

A loan where the interest rate can change over time, typically based on prevailing market interest rates or a benchmark index.

Term Insurance Policies

Life insurance policies that provide coverage at a fixed rate of payments for a limited period of time.

Borrowing Capacity

Borrowing capacity is the maximum amount of credit that a person or organization can obtain, determined by lenders based on the borrower’s financial health and credit history.

Outside Funds

Capital sourced from external investors or institutions, outside of the company’s existing financial resources, used for expansion, operations, or investment.