Employee Benefits and the Share of Compensation That Goes to Benefits

question 7

Multiple Choice

Employee benefits and the share of compensation that goes to benefits are usually

• A) roughly equal in unionized and nonunionized firms.
• B) higher in unionized than in nonunionized firms.
• C) lower in unionized than in nonunionized firms.
• D) impossible to compare between unionized and nonunionized firms due to insufficient data.

---

Definitions:

Maturity Value

The amount payable to an investor at the maturity date of an investment, including the principal and any remaining interest.

Maker

The party in a financial transaction who creates or issues the instrument, such as a check writer or bond issuer.

General Ledger

A comprehensive record of all financial transactions over the life of a company, serving as the primary source of data for financial reporting.

Notes Receivable

A claim or promissory note that provides evidence of a debt due to the holder from a debtor with specified terms of repayment.