Benefit Plans That Permit Employees to Choose the Types and Amounts

question 83

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) pay-or-play plans.
• D) flexible spending accounts.
• E) cash balance plans.

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Definitions:

Cash Flows

The net amount of cash and cash-equivalents being transferred into and out of a business.

Intra-Entity Transfers

Transactions of goods, services, or funds that occur between units within the same organization.

Consolidated Statement

A financial statement that aggregates the financials of a parent company and its subsidiaries into one document.

Cash Flows

The total amount of money being transferred into and out of a business, influencing its liquidity, operational capability, and financial health.