The Benefit Plan That Offers Employees the Opportunity to Tailor

question 47

Multiple Choice

The benefit plan that offers employees the opportunity to tailor a benefit package to their needs is

• A) a skill-based pay program.
• B) a profit-sharing benefit program.
• C) a flexible benefit program
• D) an informal reward program.

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Definitions:

Interest Rate

The amount charged by lenders to borrowers for the use of assets, expressed as a percentage of the principal.

ROE

Return on Equity (ROE) is a financial ratio that measures the profitability of a company in relation to the equity of its shareholders.

Operating Break-Even

The point at which a company's total revenues equal its total operating expenses, indicating no net profit or loss.

EBIT

Earnings Before Interest and Taxes; a company's profit before deducting interest expenses and income taxes.