A Fringe Benefit Plan Where Employees Choose the Package of Benefits

question 306

Multiple Choice

A fringe benefit plan where employees choose the package of benefits they want up to a certain dollar amount is called a ________ plan.

• A) cafeteria-style
• B) variable lifestyle
• C) 401K
• D) flexible spending

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Definitions:

Gambling

The act of wagering something of value on an event with an uncertain outcome, often involving risk in hope of gaining something of greater value.

Anticonsumption

The deliberate decision to reduce or reject the consumption of certain products or services based on personal values, environmental concerns, or ethical reasons.

Graffiti

Writing or drawings made on a wall or other surface, usually without permission and within public view.

Psychological Dependence

A form of addiction characterized by the emotional or mental need for a substance or behavior, not necessarily associated with physical dependence.