It was revealed in the press that the former CEO of a Fortune 100 firm enjoyed special use of the company plane and a country club membership as a part of his reward package. Which of the following best describes these benefits?
A) they are illegal, but executives usually get away without being caught
B) they are known as perquisites
C) they are known as golden parachutes
D) they are unusual for top executives

Question

Quizplus · Accepted Answer

These benefits are known as perquisites or "perks," which are additional benefits beyond an executive's salary and can include things like a company car, travel allowances, and club memberships. While they are not illegal, they can sometimes be seen as excessive or unfair, especially if lower-level employees do not receive similar benefits. Golden parachutes, on the other hand, refer to generous severance packages that executives receive if they are fired or the company is acquired.

It Was Revealed in the Press That the Former CEO