Which Statement Is True About Employee Benefits

question 55

Multiple Choice

Which statement is true about employee benefits?

• A) They can be used as a recruitment tool.
• B) There are mandatory and voluntary benefits offered by employers.
• C) A and B
• D) Most employees do not need benefits.

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Definitions:

Refurbishing Materials

Materials used in the process of renovating or restoring products to a like-new condition.

Planning Budget

A budget prepared for a specific level of activity; it helps manage finances by projecting income and expenditures over a defined period.

Net Operating Income

The profit realized from a business's operations after subtracting all operating expenses but before taxes and interest.

Planning Budget

A budget prepared for a specific level of activity, used as a tool for decision making and planning.