Companies use flexible benefits programs in order to:
A) simplify benefits administration.
B) give employees options to select the benefits most meaningful to them.
C) motivate employees to higher productivity and quality by rewarding performance.
D) give management options in selecting benefits to offer employees, which lowers the cost of the benefits program.
Answer: B
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On January 1, Feldstein Manufacturing had a beginning balance in Work-in-Process Inventory of $81,100 and a beginning balance in Finished Goods Inventory of $22,000
During the year, Feldstein incurred manufacturing costs of $351,000. During the year, the following transactions occurred: Job A-12 was completed for a total cost of $121,100 and was sold for $126,700. Job A-13 was completed for a total cost of $201,800 and was sold for $211,000. Job A-15 was completed for a total cost $60,000 but was not sold as of year-end. What was the balance in Finished Goods Inventory at the end of the year? A) $404,900 debit balance B) $82,000 credit balance C) $82,000 debit balance D) $382,900 debit balance
Which of these is considered to be a Living Benefit option in a life insurance policy?
A) Reinstatement B) Waiver of premium C) Accelerated death benefit D) Payor benefit