Alternatives to Financing Benefit Plans Include All of the Following

question 55

Multiple Choice

Alternatives to financing benefit plans include all of the following except:

• A) contributory
• B) 401K
• C) noncontributory
• D) employee financed

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Definitions:

Average Variable Cost

The cost of labor, material, or overhead that changes in direct proportion to the level of production or output.

Total Cost

The sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.

Fixed Cost

A fixed cost is a business expense that remains constant regardless of the volume of goods or services produced by an entity.

Insurance Premiums

Payments made to an insurance company in exchange for coverage, protecting against financial losses from specified risks.