________ are predesigned packages, or modules of benefits, each ...

[drink]

________ are predesigned packages, or modules of benefits, each of which meets the needs of a specific group of employees.
 
  A) Modular plans
  B) Employee stock ownership plans
  C) Profit-sharing plans
  D) Merit-based plans
  E) Flextime plans

Question 2

Individualized rewards that allow each employee to choose the compensation package that best satisfies his or her current needs and situation are called ________.
 
  A) variable pay programs
  B) standardized benefits packages
  C) employee recognition programs
  D) employee involvement programs
  E) flexible benefits plans

[EAN94]

Answer to Question 1

A
Explanation: A) The three most popular types of benefits plans are modular plans, core-plus options, and flexible spending accounts. Modular plans are predesigned packages. or modules of benefits, each of which meets the needs of a specific group of employees.

Answer to Question 2

E
Explanation: E) Flexible benefits individualize rewards by allowing each employee to choose the compensation package that best satisfies his or her current needs and situation. Flexible benefits can accommodate differences in employee needs based on age, marital status, spouse's benefit status, and number and age of dependents.