Which of the Following Is an Example of a Life-Cycle

question 41

Multiple Choice

Which of the following is an example of a life-cycle benefit plan offered by employers?

• A) Helping employees cope with chronic drug and alcohol problems
• B) Providing child care facilities at the work place
• C) Providing fitness and nutrition consultation
• D) Providing medical insurance for employees' families
• E) Helping employees deal with domestic problems

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Definitions:

Non-Sufficient Funds

A situation where a bank account does not have enough money to cover a transaction, resulting in a failed payment.

Outstanding Checks

Checks that have been issued by a company but have not yet been cashed or cleared by the bank upon which they are drawn.

Bank Statement

A monthly report from a bank that shows deposits recorded, checks cleared, other debits and credits, and a running bank balance. This same information is available on a daily basis from the bank’s online banking site.

Credit Terms

The conditions under which credit is extended by a seller to a buyer, including payment deadline, discount for early payment, and service charge for late payment.