Employee Assistance Plans Are Designed to Provide Employees with

question 9

Multiple Choice

Employee assistance plans are designed to provide employees with

• A) low-cost housing loans.
• B) expanded health insurance coverage.
• C) counseling for a variety of life issues.
• D) paycheck advances with lower repayment terms.

---

Definitions:

Price Floor

A minimum price set by the government or a regulatory body, below which a good or service cannot legally be sold.

Price Floor

A government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service.

Supply Function

A mathematical relation showing the amount of goods a supplier is willing and able to provide to the market at various prices, holding all other factors constant.

Demand Function

A demand function quantifies the relationship between the price of a good and the quantity demanded by consumers, holding other factors constant.