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
E
Explanation: E) The three most popular types of benefits plans are modular plans, core-plus options, and flexible spending accounts. Core-plus plans consist of a core of essential benefits and a menu-like selection of others from which employees can select. Typically, each employee is given benefit credits which allow the purchase of additional benefits that uniquely meet his or her needs.
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The creditors of a firm analyze financial statements so that they can focus on
A) the firm's amount of debt. B) the firm's ability to generate sufficient cash flows to meet all legal obligations first and still have sufficient cash flows to meet debt repayment and interest payments. C) the firm's ability to meet its short-term obligations. D) All of the above.
The cumulative variable is equal to
A) favorable variances less unfavorable variances over the previous months. B) favorable variances plus unfavorable variances over the previous months. C) this months planned expenses less actual expenses. D) this months actual expenses less planned expenses.