Under a "cafeteria plan" maintained by an employer,
a) Provision may be made for deferred compensation other than 401(k) plans.
b) Participants may select their own menu of benefits.
c) At least 3 years of service are required before an employee can participate in the plan.
d) Participation must be restricted to employees and their spouses and minor children.
Answer: b) Participants may select their own menu of benefits.
You might also like to view...
Which of the following is true of the development stage of a new-product development process?
a. It sets several tasks in motion, such as building inventories and advertising to potential customers. b. It evaluates a new-product idea usually before any prototype has been created. c. It estimates the demand, cost, sales, and profitability of a product for the first time. d. It examines the feasibility of manufacturing a product at an acceptable cost.
Always keep sentences _____________
a. complex b. lively c. dynamic d. short