Using a Cafeteria-Style Plan Offers Some Distinct Advantages,these Include All

question 42

Multiple Choice

Using a cafeteria-style plan offers some distinct advantages,these include all of the following except: ___________.

• A)it allows employees to play an active rather than a passive role in deciding on the allocation of fringe benefits
• B)employees receive the benefits of greatest personal value to them
• C)lower administrative costs
• D)the cafeteria-style plan makes the economic value of fringe benefits obvious to each employee

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Definitions:

Behavioral Economists

Experts who study the effects of psychological, social, cognitive, and emotional factors on the economic decisions of individuals and institutions.

Outcome

The result or effect of an action, situation, or economic activity.

Preferences

Individual choices or priorities that influence decision-making in various situations.

Behavioral Economists

Scholars who study the psychological, social, cognitive, and emotional factors affecting the economic decisions of individuals and institutions.