Which Statement Best Describes Flexible Benefit Plans

question 60

Multiple Choice

Which statement best describes flexible benefit plans?

• A) They are offered to employees who then must purchase each benefit they select.
• B) They are favoured by employers because they reduce administration costs.
• C) They are offered as a bonus to executives.
• D) They allow employees to choose benefits suited to their needs.

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Definitions:

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Mexican factories located along the U.S.–Mexico border that receive preferential tariff treatment.

Tariffs

Taxes imposed by a government on imports or exports of goods.

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A plan for designing, operating, and improving the processes that create and deliver goods and services.

Multinational Organizations

Corporations or enterprises that manage production or deliver services in more than one country, operating across national borders.