Cafeteria Benefit Plans Suffer from Two Defects

question 21

Multiple Choice

Cafeteria benefit plans suffer from two defects:

• A) cost of administration and employee decisions.
• B) cost of administration and adverse selection.
• C) employee decision-making and adverse selection.
• D) employee decision-making and free riders.

Identify the difference between organizational culture and corporate culture.

Comprehend the significance of goals in fostering organizational survival and innovation.

Understand the basic concepts and differences between various leadership approaches such as trait, behavioral, contingency, and transformational leadership.

Recognize the significance of situational factors in determining leadership effectiveness.

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Definitions:

GDP

Gross Domestic Product, the total market value of all goods and services produced within a country in a specific time period, used as a broad measure of overall economic performance.

Personal Disposable Income

The amount of money that individuals have available for spending and saving after income taxes have been accounted for.

Manufacturing Output

The total value or volume of goods and products produced within a manufacturing sector in a specific period.

Operating Leverage

The degree to which a firm or project can increase operating income by increasing revenue, reflecting fixed versus variable costs.