Joan Is Finding That Her Current Benefit Package Does Not

question 150

Multiple Choice

Joan is finding that her current benefit package does not meet her needs since it is a "one size fits all" approach.What would Joan likely recommend to her employer to improve her satisfaction with the benefit package?

• A) Impose a wage and salary freeze in order to expand the benefits offered.
• B) Use a cafeteria benefit plan and let the employee select the benefits within a set monetary limit.
• C) Lower commission rates for sales people in order to expand the benefits offered.
• D) Pay employees more money so they can afford to purchase their own external benefits plan.
• E) Offer only the benefits that are required by law.

Recognize the legal remedies for creditors, including garnishment, attachment, and execution.

Discern the impact of bankruptcy on guarantors and sureties.

Identify legal principles around creditor's rights and debtor's defenses.

Understand the concept and implications of subrogation rights for sureties and guarantors.

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Definitions:

Rents

Payments made for the use of property or land; in economics, it also refers to earnings in excess of the minimum amount needed to keep a factor of production in its current use.

Dollar Loss

A decrease in the value of an investment, expressed in dollar terms, compared to its purchase price.

AIG

American International Group, a multinational finance and insurance corporation known for its extensive global operations and services.

Fannie Mae

A government-sponsored enterprise (GSE) in the United States aimed at expanding the secondary mortgage market by securitizing mortgages into mortgage-backed securities.