What Is the Approximate Cost of Benefits as a Percentage

question 73

Multiple Choice

What is the approximate cost of benefits as a percentage of total payroll cost in Canadian organizations?

• A) 28 percent
• B) 20-25 percent
• C) 30-35 percent
• D) 66 percent

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Definitions:

Buying Decision

The process and final determination made by consumers or organizations when choosing among different products, services, or suppliers.

Goodwill

An intangible asset that represents the value of a company's brand name, customer relationships, employee morale, and other factors that improve a company's business prospects.

Service to Customers

The act of providing support and assistance to buyers before, during, and after a purchase to ensure a satisfactory experience.

Salesperson's Success

The achievement of sales goals and objectives by a sales professional, often measured by sales volume, profitability, and customer satisfaction.