Explain why an organization may choose to develop a cafeteria benefits plan for its employees.
What will be an ideal response?
To make it easier to accommodate the individual needs of different employees, a wide range of organizations have begun offering flexible benefits plans, also known as cafeteria plans. Rather than one-size-fits-all plans, these plans allow individual employees to choose the benefits that are best suited to their particular needs. They also prevent certain benefits from being wasted on employees who have no need for them. Furthermore, companies realize they can get a better return on investment by tailoring benefits to an employee's stage of life or family status. For example, younger employees can select a more comprehensive family health plan or dental insurance, while older employees can spend their benefits dollars on improved retirement or disability coverage. In short, a cafeteria plan allows benefits dollars to be spent in a more satisfying and cost-effective manner.
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When the distribution system is characterized by the channel member purchasing and therefore taking title to the products, it performs the:
A) financing function. B) risk taking function. C) service function. D) relationship management function.
When a salesperson is developing a personal, friendly, businesslike relationship with everyone who may influence a buying decision, he/she is:
A. helping customers use products after purchase. B. building goodwill with customers. C. helping customers resell products to their customers. D. providing his/her company with market information. E. providing service to customers.
Financial accounting provides information to all users, while the main focus for managerial accounting is to provide information to the management
Indicate whether the statement is true or false
Jacquelyn wants to attach a memo to the report that her supervisor requested concerning a new employee health care plan. She is generally in favor of the new plan. Select the best opening sentence for that memo
a. I am writing to let you know that the report you requested is now completed. b. May I take this opportunity to let you know that I favor the new plan. c. The attached report on the new health care plan offers some definite advantages. d. I wish to inform you that the report you requested has been completed.