Which of the Following Statements Is True Regarding Flexible Benefits

question 11

Multiple Choice

Which of the following statements is true regarding flexible benefits?

• A)Flexible benefits are awarded through uniform packages to cover the requirements of a married couple with two children.
• B)Flexible benefits are in accordance with the belief that employees have identical needs that must be rewarded identically.
• C)Gainsharing and profit-sharing plans are two major types of flexible benefits.
• D)Flexible benefits can be altered to meet employee needs based on age, marital status, and number and age of dependents.
• E)Flexible benefits are given based on an employee's skills, competence, and productivity.

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Definitions:

Marginal Rate

Typically refers to the rate at which one additional unit of something affects the overall outcomes, often used in contexts like marginal tax rate or marginal rate of substitution in economics.

Slope

A measure of the steepness, incline, or gradient of a line, usually calculated as the ratio of the vertical change to the horizontal change between two points.

Isoquant

A curve that represents all the combinations of two inputs that produce the same level of output in the production process.

Indeterminate

A condition or situation that is uncertain or not clearly fixed, often characterized by a lack of clear direction or outcome.