Which of the Following Is NOT a Consideration in Deciding

question 37

Multiple Choice

Which of the following is NOT a consideration in deciding whether to include a particular benefit in indirect pay?

• A) whether it contributes to the objectives of indirect pay
• B) whether or not there is a union
• C) whether it is valued by employees
• D) whether it adds much net value to the compensation package

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Definitions:

Health Care Consumed

The total amount of health services and goods utilized by individuals or a population.

Copayment

The percentage of (say, health care) costs that an insured individual pays while the insurer pays the remainder.

Monopsony Power

A market situation in which there is only one buyer for a product or service, giving that buyer substantial control over market conditions.

Deferred Benefit Plan

A type of retirement plan in which employees receive benefits, such as pension income, at a later date following years of service, rather than receiving these benefits during their active employment.