________ are predesigned packages or modules of benefits, each of which meets the needs of a specific group of employees.
A) Profit sharing plans
B) Flextime plans
C) Employee stock ownership plans
D) Modular plans
E) Merit-based plans

Question

Quizplus · Accepted Answer

The term "modular plans" refers to predesigned packages or modules of benefits that are tailored to meet the needs of a specific group of employees. The other choices do not match this definition. Profit sharing plans involve sharing a portion of the company's profits with employees, flextime plans allow employees to choose their own work schedules, employee stock ownership plans allow employees to become partial owners of the company, and merit-based plans reward employees based on their performance.

________ Are Predesigned Packages or Modules of Benefits, Each of Which