Special benefits-usually noncash items-for executives are termed _____.

Question

Quizplus · Accepted Answer

Perquisites, also known as "perks," are noncash benefits given to executives, such as company cars, club memberships, and housing allowances. Executive salaries (A) and base salaries (B) generally refer to cash compensation. Golden parachutes (D) are typically large payments or benefits given to executives in the event of a merger or acquisition, as a form of financial protection.

Special Benefits-Usually Noncash Items-For Executives Are Termed _____