A Benefit Plan That Allocates a Set Dollar Amount to Employees

question 44

Multiple Choice

A benefit plan that allocates a set dollar amount to employees and allows them to select benefits is called _____ plan.

• A)a select choice
• B)a no-deductible
• C)a flexible benefit
• D)a flat dollar benefit

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Definitions:

Regression Toward

A statistical phenomenon that suggests that extreme scores or extreme behavior are likely to be closer to the average on subsequent observations or attempts.

Illusion of Control

The overestimation of one's ability to control events or outcomes that are largely or entirely beyond their actual influence.

Standard Deviation

An indicator of the extent of variability or scatter among a collection of numbers.

Low in Variability

Describes a set of data or a situation where there is little difference or diversity among the elements or outcomes.