A Disadvantage of Using Contingent Workers Is That They

question 22

Multiple Choice

A disadvantage of using contingent workers is that they:

• A)may pass on information about corporate processes and strategies to subsequent clients who could be competitors
• B)may attempt to form a union
• C)can demand payment for health insurance and retirement benefits
• D)create the need to hire new employees when staffing needs increase

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Definitions:

Defined-contribution Plan

Defined-contribution Plan is a retirement savings plan where the amount contributed by the employer or employee is specified, but the future benefit amount is not guaranteed.

Contributory Plan

A pension plan in which contributions are made jointly by employees and employers

Registered Retirement Savings Plan

A retirement savings and investing tool for employees and the self-employed in Canada, offering tax benefits.

Pay-as-you-go Philosophy

A financial strategy where expenses are paid for as they occur, rather than using credit or accumulating debt.