What Is NOT a Possible Reason for Implementing Flexible Benefit

question 45

Multiple Choice

What is NOT a possible reason for implementing flexible benefit plans?

• A) cutting benefit costs
• B) developing a more diverse work force
• C) lowering overall administrative costs
• D) shifting employee perspective away from an entitlement approach

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Definitions:

US$ Appreciates

A situation where the US dollar increases in value compared to other currencies, making foreign goods and services cheaper for US consumers.

Exchange Rate

The Exchange Rate is the value of one currency for the purpose of conversion to another.

Respective Distributions

The allocation or dissemination of items, resources, or property among recipients according to a plan or process.

Last Will

A legal document by which a person expresses their wishes as to how their property is to be distributed at death.