Which of the Following Has Been a By-Product of the Extensive

question 70

Multiple Choice

Which of the following has been a by-product of the extensive use of the Internet for employee benefit enrolment and communications?

• A)reduction in HR staff
• B)increase in benefits administration costs on a per capita basis
• C)increase in errors in employee records
• D)employee concern about security of personal information

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Definitions:

Loss

The negative financial result from an investment or business operations, where expenses exceed revenues.

Regulatory Lag

The delay between the identification of a need for regulatory intervention and the implementation of regulatory policies or actions.

Rate-Of-Return Regulation

Maximum price allowed by a regulatory agency is based on the (expected) rate of return that a firm will earn.

Economic Efficiency

A state where resources are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.