Benefits of Flexible Benefit Plans Include All of the Following

question 32

Multiple Choice

Benefits of flexible benefit plans include all of the following except:

• A) matching employee's needs with their benefits plans
• B) allowing employees to make important decisions about personal finances
• C) helping organizations control their costs
• D) concealing the economic value of benefits

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Definitions:

Collective Cultures

Societies that prioritize group goals over individual achievements and emphasize strong social ties.

Compensation

The total amount of the financial and non-financial pay provided to an employee by an employer in return for work performed as required.

Equal Rewards

The distribution of compensation or benefits in a manner that is the same for all participants or contributors.

Intrinsic Rewards

Satisfaction a person receives in the process of performing a particular action or activity, coming from within the individual rather than from external rewards.