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This is a type of employee benefit plan wherein the employer allocates a certain amount of money and then the employee spends that money for benefits selected from a menu covering everything from child care to health and life insurance to retirement benefits.
Suggested Answer: D
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12 comments · newest first
EL
Elsa
2 months ago
D) Both of the above are one and the same seems too broad. I prefer B.
OC
Ocie
2 months ago
I agree, but A) Flexible benefit plan sounds similar too.
EV
Evangelina
2 months ago
I think it's B) Cafeteria plan. It fits the description well.
AN
Anabel
2 months ago
I thought these plans were just for health benefits!
AN
Antione
2 months ago
Flexible benefit plan is a broader term, right?
FA
Fatima
2 months ago
Wait, are they really the same thing?
AR
Aron
3 months ago
Totally agree, it's super flexible for employees.
TA
Talia
3 months ago
It's called a Cafeteria plan!
BO
Bok
3 months ago
I'm a bit confused about the difference between A and B. Are they really different, or is it just terminology?
JO
Joaquin
3 months ago
I practiced a question similar to this, and I think the key is that employees choose from a menu, which makes me lean towards B.
HE
Herminia
3 months ago
I remember studying about these plans, and I feel like both A and B could fit, but I think B is more specific.
AD
Adelaide
4 months ago
I think this sounds like a cafeteria plan, but I'm not entirely sure if flexible benefit plans are the same thing.