What effect did the voluntary employee benefits association (VEBA)have on automobile manufacturers?
A) Rapidly escalated the cost of health care benefits for retirees
B) Compelled the companies to deposit $1,500 per vehicle manufactured to fund VEBA
C) Allowed them to transfer their liability to provide medical care for retirees
D) Reduced their global competitiveness and profitability

Question

Quizplus · Accepted Answer

The voluntary employee benefits association (VEBA) allowed automobile manufacturers to transfer their liability to provide medical care for retirees, which reduced their costs and financial obligations. This helped to improve their financial stability and competitiveness in a challenging market.

What Effect Did the Voluntary Employee Benefits Association (VEBA)have on Automobile