When Attempting to Reduce Benefits Costs, Which Is the Best

question 30

Multiple Choice

When attempting to reduce benefits costs, which is the best solution for employers?

• A) They should encourage overweight people to lose weight.
• B) They should refuse to hire overweight applicants.
• C) They should require overweight applicants to take a medical exam to ensure their blood pressure is normal and that they do not have diabetes or other obesity-related health problems.
• D) They should introduce wellness programs, focusing on health.

Identify the role and goals of the International Labour Organization (ILO).

Recognize the importance of labor standards and collective bargaining rights in global trade agreements.

Understand the role of labor cooperation agreements in improving labor standards.

Understand the concept and implications of the shareholder value model.

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Definitions:

Operating Cash Inflows

The money received by a company from its normal business operations.

Incremental Cost Approach

A decision-making process that focuses on the costs that will change if an action is taken, compared to if it is not taken.

Discount Rate

The interest rate used to discount future cash flows to their present value in capital budgeting projects.

Salvage Value

The projected amount an asset is expected to yield upon being sold at the conclusion of its usable lifespan.