Which of the Following Best Describes Flexible Benefit Plans

question 6

Multiple Choice

Which of the following 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:

Democracy

A governance structure where the entire population or all qualified members of a state participate, usually via elected officials.

Democratic Institutions

Organizations or systems that operate on the principles of democracy, including fair and free elections, representation, and the protection of rights and freedoms.

Three Waves

The term "Three Waves" refers to the three major waves of democratization that have occurred since the late 19th century, each representing periods of significant increase in democratic governments worldwide.

Modern Societies

Societies characterized by advanced industrial development, urbanization, and the use of technology in everyday life, along with complex social, economic, and political structures.