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:

Immediate Communication

Direct and instant exchange of information between individuals without delay.

Design Change

Modifications made to the appearance, structure, or features of a product or system to improve functionality, efficiency, or aesthetic appeal.

Clan Culture

An organizational culture that emphasizes collaboration, consensus, and a family-like atmosphere within a company.

Father Figures

Male individuals who provide guidance, support, and care, and may serve as role models or mentors, irrespective of biological relation.