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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

A plan whereby employees are given a menu of fringe benefits from which to choose is known as the _____style or_____ benefit program. (9-10)

To determine

To fill: The correct word in the provided statement, “A plan whereby employee are given a menu of fringe benefits from which to choose is known as the_____ style or _______ benefits program”.

Explanation

Perquisites, or perks are the benefits in the corporate executive’s level such as company cars, first class airline travel, and the country club membership. These perks become increasingly important to the workers.

And, now a days companies have grown in the size to the point where benefits total is up to 40% to 50% of the payrolls

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