Which of the following is a disadvantage of a flexible benefits plan? A.Employers have greater cost control.B.Employees may make bad choices through lack of knowledge.C.Employees choose the benefits they need.D.Employees can tailor benefits to their stage of life.

Which of the following is NOT an advantage of planning?A.Planning promotes ambiguity.B.Planning reduces uncertainty.C.Planning establishes organisational goals.D.Planning minimises waste and redundancy.

Which of the following describes the benefits earned from a defined benefit plan?Significant benefits are possible in a short amount of time.Minimum benefits are possible but only after a long period of time.Significant benefits are possible but only after a long period of time.Minimum benefits are possible in a short period of time.

A disadvantage of the traditional benefits package was that a package was designed with the average employee in mind, and any deviations in needs simply went unsatisfied.Question 1Answera.TRUEb.FALSE

Which of the following is an advantage to using a traditional health insurance plan?Low premiumsNo deductibleNo maximum amount that must be spent before discounts applyFreedom to use any healthcare provider

An advantage of a flexible budget is that it. A considers only variable costs B. incorporates adjustments caused by volume changes to better reflectperformance. C. allows management freedom in meeting goals. D. allows comparison of actual costs to previous years' budgeted costs. E. minimises unfavourable budget variances.