Which of the Following Is an Advantage of Cafeteria-Style Plans

question 53

Multiple Choice

Which of the following is an advantage of cafeteria-style plans?

• A) Employees do not have to select their individual plans.
• B) Employees can get a better understanding of the value of benefits provided.
• C) They have lower administrative costs.
• D) Since employees will select the benefits that they need the most, it reduces the overall costs.
• E) When companies provide cafeteria-style plans, they do not have to pay unemployment insurance tax.

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Definitions:

Inequality

A social condition characterized by unequal distribution of wealth, opportunities, and privileges among individuals or groups.

Social Class Of Origin

The socio-economic status into which an individual is born, affecting their opportunities, behavior, and outlook.

Occupation And Income

Describes the relationship between one's job, profession, or role in the workforce and their earnings or financial compensation.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, and habits through various methods like teaching, training, and research.