Which If the Following Is NOT an Example of a Short-Term

question 14

Multiple Choice

Which if the following is NOT an example of a short-term employee benefit?

• A) Wages and salaries.
• B) Termination payments.
• C) Bonuses and profit-sharing arrangements.
• D) Short-term compensated benefits.

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Definitions:

Causa Mortis Gift

A gift given by someone who believes they are about to die, intended to take effect only upon the death of the giver.

Inter Vivos

Describes actions or transactions that take place during the lifetime of an individual, often used in the context of gifts or trusts created while the donor is alive.

Grandfather

A term often used to describe clauses that exempt certain individuals or entities from new regulations based on previous conditions.

Bailment

The legal relationship created when personal property is transferred from one party to another under agreement that the property will be returned or otherwise disposed of according to the owner's directions.