Solved

Employees at the MAX Card Company,a Worldwide Credit Card Business

Question 219

True/False

Employees at the MAX Card Company,a worldwide credit card business are criticizing the company's fringe benefits package because it forces all employees to accept the same benefits regardless of differences in their personal needs.In fact,they even offer some soft benefits such as an on-site day care that over 80% of the employees are too young or too old to use.MAX should consider a cafeteria style benefits plan.
A cafeteria-style benefits plan allows employees to choose their own package of benefits up to a specified dollar amount.For example,older employees might be allowed to take most of their benefits in the form of increased pension payments,while employees with young children could choose a benefits package that focused on day care.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents