Which of the Following Are Voluntary Employee Benefits

question 57

Multiple Choice

Which of the following are voluntary employee benefits?

• A)statutory holidays
• B)minimum vacation pay
• C)educational assistance plan
• D)overtime premiums

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Definitions:

Cost of Trade Credit

The cost associated with the terms of credit extended by suppliers, including discounts for early payment and penalties for late payment.

Paying Late

Paying late refers to the action of failing to meet the due date for a financial obligation, which can lead to late fees, interest charges, and negative impacts on credit scores.

Credit Terms

Statements of the credit period and any discounts offered—for example, 2/10, net 30.

Discount Period

The time interval between when a bill of exchange is issued and its payment date, during which the bill is sold at a discount from face value.