Which of the following is a disadvantage of flexible benefit plans?Question 13Answera.Flexible plans make introduction of new benefits more costly.b.Flexible plans decrease the value of benefits as perceived by employees.c.Flexible plans increase administrative burdens and expenses.d.Flexible plans are not suited for companies with diverse workforce.e.Flexible plans fail to equip firms to meet the changing needs of employees.

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.

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.

Select the correct answer.How can limited resources benefit the problem-solving capability in an organization? A. It encourages one to be resourceful. B. It is cost effective. C. It reduces the time taken to solve the problem. D. It makes one aggressive. E. It makes an employee more efficient

Which of the following is true of defined contribution plan?Question 4Answera.It provides an explicit benefit which is easily communicated.b.It is more favourable to long-service employees.c.It does not require managing of surplus or deficit in pension fund.d.It makes the employer accountable for the risks associated with changes in inflation and interest rates.e.It does not make employer costs known.