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Scenario 9.1 Chocolatta University, an Institute of Higher Learning That Educates Future

question 16

Multiple Choice

Scenario 9.1
Chocolatta University, an institute of higher learning that educates future confectionary chefs, offers a very attractive benefits package. Costs associated with benefits are about double those of rival institutions, Jellibelli Tech and Truffle State. However, Chocolatta U. administrators feel that the extensive benefits attract the most talented faculty and staff in the world. Due to recent societal trends in fitness and health, Chocolatta U. has experienced a downturn in its funding support from global confectionary corporations seeing lower profits. The university's budget has therefore been reduced. Joy Almond, human resource benefits manager, has been asked to find ways to reduce expenditures on benefits, so that important university programs such as Candy Fillings and White Chocolate Creations do not suffer. Ms. Almond is in a quandary!
-Refer to Scenario 9.1. Regardless of benefit reductions due to budget setbacks, Ms. Almond feels strongly that Chocolatta should continue to provide help for faculty and staff with recurring chocolate cravings. Otherwise, classroom materials tend to disappear, and employees get severe sugar headaches. Which type of benefit would this be classified as?

Definitions:

Similar Skills

Refers to abilities or expertise that are closely comparable or match very closely between individuals or within various contexts.

Functional Division

A structure in an organization where departments are divided based on specific functions or roles such as marketing, finance, and production.

Performance Measurement

The evaluation of how effectively an organization, employee, or system is achieving its goals or objectives, typically through quantifiable metrics.

Budgeting Process

The systematic approach to allocate financial resources and planning future expenditures and savings.