This year,labour and management at ABC Tool & Die negotiated a new benefits system that gives employees the flexibility to choose among different benefit options,as long as the total cost of the benefits does not exceed a certain amount.The new benefits plan at ABC Tool & Die is known as a(n):

Question

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The new benefits plan at ABC Tool & Die where employees can choose among different benefit options is known as a "cafeteria-style benefits plan." This type of plan allows employees to select the benefits that best suit their individual needs and preferences, up to a certain total cost limit.

This Year,labour and Management at ABC Tool & Die Negotiated