The 'One-Benefit-Plan-Fits-All' Programs May No Longer Suit Contemporary Organisations Because

question 214

Multiple Choice

The 'one-benefit-plan-fits-all' programs may no longer suit contemporary organisations because:

• A)10% of employees require greater flexibility in the benefits arrangements
• B)25% of employees are married
• C)33% of employees are part of two-income families with no children
• D)all of the above

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Definitions:

Variable Cost

Variable cost is the cost that changes in direct proportion to the volume of output or activity in production, services, or other cost-incurred activities.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Variable Cost

Costs that change in proportion to the level of activity or volume of production in a business.

Contribution Margin

The amount by which the unit selling price exceeds the unit variable cost.