Which of the Following Is an Advantage of Providing Benefits

question 21

Multiple Choice

Which of the following is an advantage of providing benefits instead of cash compensation?

• A) It is simpler to pay compensation in benefits than in cash.
• B) Benefits give greater control to employees over cash compensation.
• C) All companies that provide benefits become eligible for tax breaks by state and federal agencies.
• D) Younger employees place more importance on benefits than cash compensation.
• E) Employers can assemble creative benefits packages that give them a competitive advantage.

Evaluate the effects of socialization on ethical behavior, creativity, and uniform behavior within organizations.

Understand the concept of economies and diseconomies of scale and their implications for production and firm size.

Recognize the characteristics and examples of natural monopolies and their market implications.

Comprehend the relationship between plant sizes, output ranges, and cost-efficiency in long-run production decisions.

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Definitions:

Resistance To Change

Opposition or reluctance by individuals or groups within an organization to adopt new strategies, practices, or behaviors.

Informed Change Agent

An individual knowledgeable about changes needed within an organization and skilled in implementing effective strategies.

Situational Needs

Requirements that arise from specific circumstances or environments, often driving the demand for certain products, services, or actions.

Facilitation And Support

Involves providing assistance or resources to enable a person or group to achieve a task more efficiently and effectively.