Flexible Spending Accounts Refers To

question 33

Multiple Choice

Flexible spending accounts refers to:

• A) Allowing employees to contribute pretax dollars to buy additional benefits
• B) Giving employees the option to direct where the employer contributions in the qualified plans are applied
• C) Allowing employees to select the benefits they prefer from groups of benefits
• D) Giving employees a lump sum of monies to purchase their own benefits

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Definitions:

Collaborative Strategy

An approach to business that emphasizes working together with partners, teams, or stakeholders to achieve shared goals or solve problems.

Planned Change Process

The deliberate effort to improve an organization's operations or direction through specific methodologies and strategies.

Unfreezing

The initial phase in the change process, where existing behaviors or attitudes are challenged to prepare for change.

Changing

The process of making something different, usually by altering, substituting, or transforming it.