Jerome is the CEO of a magazine publishing company. He wants to provide benefits for his employees but would still like to control his company's costs. Ashley, the head of the HR department, suggests implementing a cafeteria-style plan. What would be the most likely benefit of Jerome doing so?
A. He will save time by using software packages to offer benefits packages.
B. Costs will be easy to estimate since all benefits options will be taken into consideration.
C. Employees of the company, including Jerome, will be given more vacation days.
D. Having a non-standardized plan will make Jerome's company seem cutting-edge.
E. He will avoid the cost of providing employees with benefits they don't value.
Answer: E
You might also like to view...
Which of the following types of product costs appear in the financial statements?
a. Normal costs b. Estimated costs c. Standard costs d. Actual costs
Smile Industries capital structure consists of $1,000,000 of debt at 6 percent interest and 1,500,000 of stockholders equity at 2 percent. The proportion of Equity in the total capital structure is
a. 40% b. 60% c. 100% d. 15%
Today, several companies are adopting the concept of ________, which carefully combines and coordinates the company's many communication channels to deliver a clear, consistent, and compelling message about the organization and its brands
A) integrated marketing communications B) pull strategy C) vertical diversification D) nonpersonal communication channels E) buzz marketing
A ______ is composed of the implicit expectations of each party.
a. cultural conflict b. self-fulfilling prophecy c. psychological contract d. internal norm