Benefit Plans That Permit Employees to Choose the Types and Amounts

question 99

Multiple Choice

Benefit plans that permit employees to choose the types and amounts of benefits they want from a set of alternatives are called

• A) preferred provider plans.
• B) cafeteria-style plans.
• C) defined-benefit plans.
• D) flexible spending accounts.
• E) cash balance plans.

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Definitions:

Use Fees

Charges applied for the use of a particular service, facility, or equipment, often based on duration or capacity of use.

Highway

A main road, especially one connecting major towns or cities, designed for fast travel and transportation of goods and people.

Congestion

A condition occurring in network systems or urban environments where the demand for resources or space exceeds the available capacity, leading to slowdowns and inefficiency.

Temporal Aggregation

A method that involves combining time series data over longer periods to analyze trends or patterns.