Full-Choice Cafeteria Plans Are Designed to Do What

question 12

Multiple Choice

Full-choice cafeteria plans are designed to do what?

• A)Give the employee a choice between several different plan types based on the type of employee (e.g.young couple without children or older couple with grown children).
• B)Give the employee full flexibility in their choice of benefits provided by the company within a specified monetary value.
• C)Give the employee a choice of having company-paid benefits or just taking the cash value of the benefits.
• D)Give the employee a choice of getting benefits from the company or taking advantage of a tax break for not having to pay for benefit costs.
• E)Give the employee full flexibility in choosing some of their benefits,but have a basic set of benefits provided to everyone in the organization.

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Definitions:

Dodd-Frank Act

A comprehensive piece of financial reform legislation passed in 2010 in the United States, aimed at reducing risks in the financial system.

Proxy Solicitations

Efforts to collect proxy votes from shareholders to influence decisions at shareholder meetings.

Binding Vote

A vote that obligates the involved parties to adhere to the decision or outcome of that vote.

Mortgage

A legal agreement by which a bank or creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.