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.
Question 2
Core-plus plans consist of ________.
A) predesigned packages of benefits that an employee must accept as a whole
B) monetary benefits which are linked to one's performance appraisals
C) fractions of a company's profit margins determined on the basis of an established formula
D) pretax dollars up to the dollar amount offered in the plan that an employee sets apart to pay for particular benefits
E) essential benefits and a menu-like selection of other benefits that an employee can choose from
Benefits of outsourced payroll.
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Flexible cooling fan blades change shape as the engine speed changes.
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