Which of the Following Is an Advantage for Employers Who

question 51

Multiple Choice

Which of the following is an advantage for employers who implement flexible benefits plans?

• A)Low initial design costs
• B)Low administrative costs
• C)Control over the size of the contribution
• D)Low adverse selection
• E)Easy estimation of the costs of benefits

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Definitions:

Distinct Field

A specific area of study, work, or interest that is clearly differentiated from others due to unique characteristics.

Henry Towne

An influential figure in the field of industrial engineering and management, known for his contributions to scientific management.

Management

The process of planning, organizing, leading, and controlling resources within an organization to achieve its goals efficiently and effectively.

Sustainability

The ability to maintain or improve the quality and longevity of a resource, practice, or system without depleting the contributing elements it requires.