Which of the Following Statements Is True Regarding Flexible Benefits

question 91

Multiple Choice

Which of the following statements is true regarding flexible benefits?

• A) Flexible benefits are awarded through uniform packages to cover the requirements of a married couple with two children.
• B) Flexible benefits are in accordance with the belief that employees have identical needs that must be rewarded identically.
• C) Profit-sharing plans are a major type of flexible benefit.
• D) Flexible benefits can be altered to meet employee needs based on age, marital status, and number and age of dependents.
• E) Flexible benefits are given based on an employee's skills, competence, and productivity.

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Definitions:

Compensation Plans

Schemes or programs implemented by businesses to remunerate, incentivize, and reward their employees for their performance and contribution to the organization.

Shareholders' Incentives

Motivations or benefits, such as dividends or stock price appreciation, that encourage individuals or entities to invest in a company's shares.

Long-Term Business Goals

Strategic objectives a business intends to achieve over a long period, which guide decision-making and operations.

Rate Regulation

The governmental or regulatory authority's control over the pricing of certain services and products.