The Average Per Hour Cost of Benefits Is Higher in State

question 70

True/False

The average per hour cost of benefits is higher in state and local governments than in the private sector.

---

Definitions:

Large Corporation

A significantly sized company typically characterized by vast operations, substantial revenues, and a large number of employees.

Financial Asset

An intangible asset representing a legal claim to future payment, such as stocks, bonds, or bank deposits.

Security

A financial asset. Commonly a stock or a bond. An asset pledged to guarantee the repayment of a loan.

Stock

Equity securities representing ownership interest in a company; holders may enjoy dividends and voting rights.