For the Typical Employer,the Largest Proportion of the Benefits Dollar

question 108

Multiple Choice

For the typical employer,the largest proportion of the benefits dollar is spent on

• A) legally required benefits.
• B) insurance payments.
• C) retirement plans.
• D) paid rest periods.

---

Definitions:

Negotiation

In regard to dispute settlement, a process in which parties attempt to settle their dispute without going to court, with or without attorneys to represent them. In regard to negotiable instruments, the transfer of an instrument in such a way that the transferee (the person to whom the instrument is transferred) becomes a holder.

Neutral Third Party

A third party without any interest or bias in the outcome of a negotiation, dispute, or legal matter, whose role is to assist in reaching a fair resolution.

Settlement

An agreement reached between parties in a dispute, before or after legal action, that resolves the issues.

Choice-of-Law Clause

A provision in a contract specifying which jurisdiction's laws will be applied in interpreting the contract.