Describe the main categories of voluntary benefits available to organizations.
What will be an ideal response?
Major voluntary benefits include paid time off, group health insurance, retirement plans, other insurance coverage, and employee services. Paid time off comes in various forms, such as sick leave, vacation time, holidays, and personal days. Group health insurance provides employees with health-care coverage, and retirement plans allow them to save for their own retirement, sometimes with some help from the organization. This coverage is voluntary in organization with fewer than 50 employees. Other insurance includes a wide variety of options including group term life insurance, short- and long-term disability policies, dental and vision insurance, group automobile and homeowners insurance, and many more. Finally, employee services can include a massive range of options from educational assistance to child or adult day care, gyms, cafeterias, transportation and parking assistance, and too many others to list.
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Costs incurred to correct defects in products prior to shipment are referred to as ________________________________________
Fill in the blank(s) with correct word
Every process has a customer
Indicate whether the statement is true or false
River Rock Company makes spas and hot tubs. Sterling files a product liability suit against River Rock, alleging a warning defect in one of its products. In deciding whether to hold the defendant liable, the court may take note that a manufacturer or seller has no duty to warn about risks that are A) avoidable by an alternative design
B) foreseeable. C) contrary to the instructions for the use of the product. D) obvious.
Property insurance cannot be canceled for nonpayment of premiums
Indicate whether the statement is true or false