Companies Use Flexible Benefits Programs in Order To

question 33

Multiple Choice

Companies use flexible benefits programs in order to:

• A) simplify benefits administration.
• B) give employees options to select the benefits most meaningful to them.
• C) motivate employees to higher productivity and quality by rewarding performance.
• D) give management options in selecting benefits to offer employees, which lowers the cost of the benefits program.

---

Definitions:

Relative Frequencies

The proportion of times a value occurs relative to the overall number of observations in a dataset.

Frequency Distribution

A representation, often in table or graph form, that displays the frequency of various outcomes in a sample.

Nominal Data

Data that are categorized without a natural order or ranking among the categories, used for labeling variables without quantitative values.

Pie Chart

A circular statistical graphic divided into slices to illustrate numerical proportion.