Identify a True Statement About Employee Benefits

question 55

Multiple Choice

Identify a true statement about employee benefits.

• A) In both the United States and Europe, the awarding of stock options is linked to specific performance goals.
• B) Pension plans are more widespread in the United States and Japan than in Western Europe.
• C) Unlike in the United States, compensation plans in other countries are less likely to include benefits.
• D) Paid vacation tends to be more generous in Western Europe than in the United States.
• E) Although stock options became a common form of incentive pay in Europe during the 1990s, American businesses did not begin to adopt them until the end of that decade.

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Definitions:

Consumer Behavior

The study of how individuals, groups, and organizations select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires.

Marginal Utility

The incremental utility or enjoyment gained from the consumption of one more unit of a good or service.

Opportunity Cost

Forgoing the chance to gain from other possibilities by selecting one option.

Consumer Behavior

The study of how individuals, groups, and organizations select, purchase, use, and dispose of goods, services, ideas, or experiences to satisfy their needs and desires.