Knowee
Questions
Features
Study Tools

16. Company XYZ provides a financial amount to employees so they can select thespecific benefits that fit their needs. This company uses _____________.A. fringe benefitsB. soft benefitsC. cafeteria benefitsD. standard benefits

Question

  1. Company XYZ provides a financial amount to employees so they can select thespecific benefits that fit their needs. This company uses _____________.A. fringe benefitsB. soft benefitsC. cafeteria benefitsD. standard benefits
🧐 Not the exact question you are looking for?Go ask a question

Solution

The correct answer is C. cafeteria benefits. This term is used to describe a type of employee benefit plan that allows employees to choose from a variety of different benefit options, much like one would in a cafeteria. This type of plan is designed to cater to the individual needs of each employee, allowing them to select the benefits that best fit their personal circumstances.

Similar Questions

15. Company ABC provides sick leave, vacation pay, pension plans, health plans, andother forms of extra compensation. All these items are ____________A. fringe benefitsB. soft benefitsC. cafeteria benefitsD. standard benefits

ABC Corp. employs many different types of workers. As a result, the company provides a financial amount to employees so they can select the specific benefits that fit their needs. ABC Corp. usesMultiple Choicesoft benefits.fringe benefits.an employee assistance program.a cafeteria benefit plan.a standard benefit plan.

Why are more companies providing employee benefits? Choose 2 answers.

What is the definition of cafeteria-style employee benefits?Multiple choice question.programs designed so employees can use the health services that are needed for themselves and/or their familiesprograms that allow workers to base their job benefits on a credit system and personal needsbenefits where an employee can take a little bit of all health coverages so that he or she is totally protectedprograms that allow workers to calculate their job benefits for a health system

These are all forms of consideration given by an entity in exchange for services rendered by employees.*1 pointEmployee benefitsEmployee salaries and wagesFringe benefitsCompensation

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.