Examlex
Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
John Keats
Cafeteria-Style Benefits Plans
Allow employees to choose those benefits they really want.
Adverse Selection
A situation in economics and insurance where a party’s lack of information leads to a transaction with another party who has a distinct advantage, often seen in markets for goods like used cars or in health insurance.
Benefit Costs
The expenses incurred by an organization in providing benefits such as health insurance, retirement plans, and leave entitlements to its employees.
The Cobra Effect
Unintended negative consequences resulting from attempts to solve a problem, often exacerbating the original issue.
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