Answer:
B
Explanation:
Payback period is the total time it takes an organization to recover the initial capital incurred in acquiring an asset.
It is expressed in years and fraction of years.
Initial investment 20,000
Year 1 3000 17000
Year 2 8000 9000
Year 3 15,000
9000/15000= 0.6 years
The payback period = 2.6 years
The cash payback period is 2.60 years.
The calculation is as follows:Net annual cash flow till year 2 = $3,000 + $8,000
= $11,000
Now the investment collected is
= $20,000 - $11,000
= $9,000
Now the cash payback period is
= 2 years + $9,000 ÷ $15,000
= 2 years + 0.6
= 2.60 years
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Three legal implications when businesses causes environmental disasters
Answer: They could be fined, closed up or withdrawal of liscence for sometime
Explanation:
Legal implications when businesses causes environmental disasters;
1) Business could be warned; Government is very concerned about it's citizens and would do everything to ensure they protect their lives, when businesses cause harm to the environment, they government could issue warning for sometime to ease off from their activity leading to that.
2)Fined; when the warnings is being issued most times the companies/businesses would be fined alongside to pay up for damages they have caused to the habitants of the environment.
3)Withdrawal of liscence; when the business no longer adhere to the warning of the government or their damage is excessive, after much consideration, the government can withdraw their license of operation over a period of time or forever.
The County Auditor is the Chief ____ Officer of a county.
a
Marketing
b
Fiscal
c
Executive
d
Operating
Answer:
The County Auditor is the Chief Fiscal Officer of a county.
Explanation:
The County Auditor is Chief Fiscal Officer of the county. The primary responsibility of the county auditor is to account from the receipts and collection of funds by the county to the disperment of the funds to different county agencies. The county auditor also maintains the records of the movement of the county assets.
Answer:
Fiscal
Explanation:
B is correct the answer above is correct.
Which statement summarizes section 401(k) of the Internal Revenue
Code?
A.)Employers must match the amount of an employee's contribution to a retirement fund up to a certain percentage of the employee's
contribution.
B.)Employees are not taxed on interest earned on compensation that
has been placed in specially designated retirement accounts.
C.)Employees are not taxed on income they choose to receive as
deferred compensation rather than direct compensation,
D.)Employers must establish a program that enables employees to
contribute annually to a retirement account.
Answer:
A.)Employers must match the amount of an employee's contribution to a retirement fund up to a certain percentage of the employee's contribution.
Explanation:
401(k) is defined-contribution retirement account.
Willetta Company purchases inventory for $11,000 with terms 2/10, n/30. It then returns $2100 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $110. The company pays the amount due within the discount period. What is the amount of the discount that will be taken?
Answer:
The amount of discount that will be taken is $176.
Explanation
The amount of discount that will be taken shall be based on the value of accounts payable that is eligible for payment after the final adjustments have been made.
The accounts receiveable amount after adjustment of returned purchases and defective goods is calculated below;
Accounts receiveable and eligeable for payment = Purchase inventory-Returned inventory purchase - Allowance for defective inventory
Therefore;
Accounts receiveable and eligeable for payments =$11,000 - $2,100 - $110
=$8,790
Therefore;
The account payable that is eligible for discount amount is $8,790*0.02
=175.8
=$176. Rounded to the nearest dollar amount.
The earnings gap in the U.S. labor market between black and white workers:________.a. was completely eliminated by the end of the 1960s.b. has not diminished at all since 1960.c. has diminished since 1960, but a gap still remains.d. existed in the 1960s but was reversed throughout the 1970s.
Answer:
Option C. Has diminished since 1960, but a gap still remains.
Explanation:
The reason is that accepting change is the long process and every person have different stories. Mostly people don't value person and what they do is they value things on the basis of what they perceive about things. They perceive things on the basis of similarities of that thing with the other. We must treat people fairly and not on the grounds that nature has not given him right to change (Color) or things that are acceptable in our society but we try to force them to not do things (Practicing religion) just because I don't like. In the nutshell, such type of thinking still exist and is the reason why there is a earning gap in the US.
Pebble Leasing Corporation and Quarry Rock & Gravel Company enter into a lease of three excavators. Under the perfect tender rule, Pebble Leasing must ship or tender goods to Quarry Rock & Gravel that, with respect to the contract description, conform:___________.
A) to the best of Pebble's ability under the circumstances
B) reasonably.
C) in every way.
D) substantially.
Answer:
C. In everyway
Explanation:
In a leasing contract agreement, a buyer may insist that the product being sold conform in everyway with the product specification such as quantity and quality as contained in the terms of contract agreement. This is called perfect tender rule. It is the legal right of buyers for product purchase conformity which otherwise could also be rejected by the buyer.
The rule basically tends to protect the buyer in a leasing contract agreement. A buyer has the right to either accept, reject part or full shipment of goods if they fail to conform with the required specifications as stated in the terms of contract.
When making a product line decision, a company may focus on lost _______ ______ and avoidable fixed costs or prepare comparative income statements. Group of answer choices contribution margin target pricing extraction processing none of the above
Answer:
contribution margin
Explanation:
Contribution margin is the portion of amount by which selling price per unit exceeds variable cost per unit. The amount is the portion of selling price used to service annual fixed cost and profit.
When making a product line decision, it is important for companies to focus on contribution margin of the product that yield the highest profit. Also avoidable fixed cost should be focused on by the firm.
If a firm intends to discontinue certain line of business, all avoidable fixed cost such as cost associated with the product to be discontinued will be avoided.
What does it take for a consumer boycott to
The purpose of a boycott is to inflict some economic loss on the target, or to indicate a moral outrage, to try to compel the target to alter an objectionable behavior. Sometimes, a boycott can be a form of consumer activism, sometimes called moral purchasing.
A consumer boycott is avoiding the purchase of products from companies with unacceptable practices, whereas a buycott involves intentionally purchasing from companies with ethical practices. A successful consumer boycott or buycott requires substantial participation, clear objectives, and communication. These actions express values and can push for social change more directly than traditional political avenues.
A consumer boycott is a form of protest where individuals choose not to purchase goods or services from a specific company due to that entity's actions, policies, or practices deemed unacceptable or unethical. Conversely, a buycott is an intentional effort to support a company by purchasing its products because it engages in practices that align with the consumer's values or standards of responsible behavior. These strategies leverage consumer spending power to effect change and signal to companies that their practices are being scrutinized by the public.
The effectiveness of a boycott or a buycott lies in its ability to harm a company's financial bottom line or alternatively, to reward and encourage responsible business practices. A successful boycott requires widespread participation, clear objectives, effective communication to the public, and usually media coverage. To participate in such actions, individuals typically consider their values, the importance of the issue at hand, and their willingness to accept potential inconveniences or higher costs.
For instance, consumers might participate in a boycott against a clothing retailer over unethical labor practices, or engage in a buycott supporting companies that uphold fair labor standards, even if it means paying a premium. This form of consumer activism is seen as a direct way to influence companies and promote broader social change, often considered more immediate and tangible than traditional political actions such as contacting elected representatives.
Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions for Social Security, Medicare, and federal income tax withholding (FIT) may be incorrect. Larren is paid a salary of $4,100 weekly. She is married, claims 3 deductions, and prior to this payroll check, has total earnings of $128,245. What are the correct deductions for Social Security, Medicare, and FIT?
Complete question:
Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions for Social Security, Medicare, and federal income tax withholding (FIT) may be incorrect. Larren is paid a salary of $4,100 weekly. She is married, claims 3 deductions, and prior to this payroll check, has total earnings of $128,245. What are the correct deductions for Social Security, Medicare, and FIT?Assume a rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare
Answer:
Social Security $604.19
Medicare $59.45
FIT $230.70
Explanation:
Total earning = $128,245
Weekly salary= $4,100
Social security tax = ($128,245 - $118,500) × 0.062 = $604.19
Medicare tax = $4,100 × 1.45 = $59.45
Larren's Social Security, Medicare, and Federal Income Tax Withholding (FIT) should be $254.20, $59.45, and to be determined, respectively. The exact FIT deduction depends on multiple factors including income, filing status, and allowances, so an IRS calculator or professional guidance may be necessary.
Explanation:The deductions for Social Security, Medicare, and Federal Income Tax Withholding (FIT) for Larren would be calculated based on her weekly salary of $4,100, her marital status, the number of deductions she claims, and her year-to-date earnings.
Social Security deductions are usually 6.2% of an employee's salary up to a maximum wage base limit. In 2022, this limit is $147,000. As Larren has already earned $128,245 and her weekly salary is $4,100, she would not exceed this limit. Therefore, her Social Security deduction would be 6.2% of $4,100, which is $254.20.
Medicare deductions are typically 1.45% of an employee's salary with no wage base limit. Therefore, Larren's Medicare deduction would be 1.45% of $4,100, which is $59.45.
FIT (Federal Income Tax) deductions depend on several factors including income, filing status, and the number of allowances claimed. These calculations can be complex and may require guidance from an income tax professional or use of the IRS withholding calculator.
It's important to note that these numbers might vary slightly based on the exact IRS tax tables used.
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Which of the following is an example of monopolistic competition?
A buying the cheapest green beans
B not having a choice of natural gas companies
C choosing between five airlines that compete against each other
D visiting the same barber out of many in the city because you like the way he cuts hair
Answer:
D, visiting the same barber out of many in the city because you like the way he cuts hair.
Explanation:
Monopolistic competition is one in which firms produce the similar products but have brand loyalty from its various consumers.
In monopolistic competition, the production of similar goods by firms doe not make the products a substitute for the other.
Monopolistic competitions allows for a large number of buyers and sellers, low entry or exit barriers, etc.
The visitation of a particular barber despite having other barbers in town is an example of brand loyalty which is in turn a characteristic of monopolistic competition.
Cheers.
Monopolistic competition involves firms selling distinctive products and competing against each other, as demonstrated by choosing between five competing airlines.
Monopolistic competition involves many firms competing against each other, but selling products that are distinctive in some way. One example of monopolistic competition is choosing between five airlines that compete against each other since each airline offers a unique service or experience to attract customers. This scenario aligns with the concept of firms having a mini-monopoly on their particular style or service while still facing competition from other firms in the industry.
Wyome has a career in Manufacturing and goes to an office to work every day. At the office, he most likely works with
Answer: A.
Explanation:
Answer:
it was c
Explanation:
Angelina is single and has modified agi of $275,000. she adopted a boy from san antonio, texas, and incurred a total of $16,000 in qualified adoption expenses. what is the amount of adoption credit she can take
Answer: $3200
Explanation: The child and dependent care credit provides taxpayers a credit break for parents who are responsible for the childcare cost. The maximum credit amount for the year 2020 is $14,300 for one child or dependent and
However, given that Angelina's AGI is $250,000, she could qualify for partial adoption adoption credit as the credit starts as her income lies between $214,520 to $254,520
For partial credit : 20% of incurred amount
0.2 × $16,000 = $3200
Drag each tile to the correct box.
Match each type of credit to its description.
convenience checks
installment loan
introductory interest free
revolving credit
Consumers make recurring fixed payments.
Consumers can enjoy a set period of zero interest credit.
Consumers use these to reduce their available credit in exchange for cash.
Consumers borrow an amount that they don’t have to pay off by a specific date.
Answer:
Convenience checks: consumers use these to reduce their available credit in exchange for cash.
Installment loan: consumers make recurring fixed payments.
Introductory interest free: consumers can enjoy a set period of zero interest credit.
Revolving credit: consumers borrow an amount that they don’t have to pay off by a specific date.
Explanation:
In Business, credit can be defined as money or a loan facility agreed upon by a lender and a borrower, who is obligated to repay the lender at a specified date mostly with interest depending on the terms and conditions.
Credit generally decreases assets or increases liabilities and equity on the balance sheet of an organization.
Revolving credit allows consumers to reduce available credit for cash, introductory interest free credit offers a set period without interest, and installment loans do not need to be paid off by a specific date. Consumers make recurring fixed payments with convenience checks.
Explanation:Revolving credit: Consumers use these to reduce their available credit in exchange for cash.
Introductory interest free: Consumers can enjoy a set period of zero interest credit.
Installment loan: Consumers borrow an amount that they don’t have to pay off by a specific date.
Convenience checks: Consumers make recurring fixed payments.
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Sandhill Company purchased bonds with a face amount of $1200000 between interest payment dates. Sandhill purchased the bonds at 102, paid brokerage costs of $15800, and paid accrued interest for three months of $25800. The amount to record as the cost of this long-term investment in bonds is
Answer:
$1,239,800
Explanation:
Face value - $1,200,000
Premium rate = 102/100
Brokerage costs = $15,800
Accrued interest for three months = $25,800
Cost of long term investment in the bond is recorded as
(1,200,000 * 102/100 )+ 15,800
1,224,000 +15,800 = 1,239,800
Please note that the accrued interest is expended in the income statement under interest and finance charges, therefore it is not capitalized as the cost of the long term investment.
What is the goal of ergonomics?
Answer:
The goal of ergonomics is to reduce your exposure to work hazards. A hazard is defined as a physical factor within your work environment that can harm your body. Ergonomic hazards include working in awkward or uncomfortable postures and using excessive force or high repetition to complete a task.
Explanation:
yeah that the goak
Answer:
Ergonomics is the science of designing a workplace for the people who work there.
Explanation:
EDGE 2023
Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $83,500 and $16,200, respectively. The partnership generated net income of $45,400. What is Tomas's capital balance after closing the revenue and expense accounts to the capital accounts? a.$122,190 b.$113,260 c.$133,024 d.$117,550
Answer: D.) $117,550
Explanation:
Tomas capital balance = $83,500
Saturn capital balance = $16,200
Net income = $45,400
Income sharing ratio = 3 : 1
Total ratio = 4
Share ( $45,400 ÷ 4) = $11,350
Tomas's share ($11,350 × 3) = $34,050
Tomas's capital balance after closing the revenue and expense accounts to the capital accounts;
(Initial capital balance + share of income)
$(83,500 + 34,050) =$117,550
Your expected payroll for a physical therapy business includes two licensed physical therapists, three technicians, and an aide. They are paid $70,000, $50,000, and $30,000 per person per year, respectively. What is your total annual payroll?
Answer: $320,000
Explanation:
ANNUAL AMOUNT PER PERSON :
Licensed Physical therapist = $70,000
Technicians = $50,000
Aide = $30,000
NUMBER :
Licensed Physical therapist = 2
Technicians = 3
Aide = 1
ANNUAL PAYROLL:
(2 × $70,000) + (3 × $50,000) + (1 × $30,000)
$140,000 + $150,000 + $30,000
= $320,000
Total annual payroll amounts to $320,000
Answer:
B is the correct answer
Explanation:
Tim hortons with more than 3500 locations is focused on which concept in an effort to make its product readily available to all canadians
Answer:
Distribution Channels (Part of Supply Chain)
Explanation:
The proper use of distribution channel can literally help companies to place their product in the market, when I say place their product in the market I mean the customer can easily access the product. For example, if I want Pepsi and the shopkeeper says sorry bro we don't have that then I will ask for Coke. This means the distribution channel was not properly used which resulted in loss of access of customer and eventually Pepsi lost the profit that Coke has earned from the customer opting to Coke. So distribution channels really play a great role and poor distribution channels may result in loss of number of customers.
Now if Tim horton has more than 3500 locations which he is going to focus, then he will have to give special importance to supply chain, which is the delivery of goods from the manufacturer to the end customer. And in heart of supply chain, distribution channel exists. So basically Tim horton is focusing on Distribution channels.
Tim Hortons's strategy of making its products easily accessible throughout Canada involves market saturation.
Tim Hortons, which has over 3500 locations, is focused on the concept of market saturation in an effort to make its product readily available to all Canadians. This strategy ensures that wherever customers are in Canada, they can find a Tim Hortons, thereby reinforcing the brand's presence and offering consistent service and product quality. The aim is to create easy access for consumers while maintaining the brand's traditional association with hockey, coffee, and donuts as a Canadian staple.
Market saturation is a common strategy used by many global companies, like McDo-nald's, Star-bucks, and To-yota, which involves expanding their presence to the point where consumers are very likely to encounter their stores or products within a reasonable travel range. These companies offer a consistent product line that caters to local tastes to some degree, but primarily focuses on providing a standard, recognizable experience across all locations.
For example, like McDon-ald's with its distinct menus adapted for each country while maintaining core menu items, Tim Hortons strives to be a consistent part of the Canadian cultural landscape. This approach to business also addresses new market challenges, technological advancements, and global expansion strategies.
What is NOT a benefit of having a good credit score?
A) When you need a loan, you'll have more loan offers to pick from.
B) You'll get better interest rates on your loans.
C) It will be easier to get an apartment.
D) You'll get accepted to better education institutions.
Answer:
B) you’ll get better interest rates on your loans.
Explanation:
becasue your credit score shows that yu are more reliable
One will get accepted to better education institutions is NOT a benefit of having a good credit score. As School and education is unrelated with the credit score.
What is credit score?A credit score is a number that ranges from 300 to 850 and represents a person's creditworthiness. A borrower's credit score improves the way one appears to potential lenders.
A credit score is calculated using information from one's credit history, such as the number of accounts have open, the total amount of debt owe, and repayment history, among other commodity.
Thus, option D, One will get accepted to better education institutions is Not the correct.
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The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and total revenue to be $125,000.
Because of this information, in the short run, Forever Fitness should:
a) lower their prices to increase their profits.
b) stay open because the firm is making an economic profit.
c) stay open because shutting down would be more expensive.
d) shut down because staying open would be more expensive.
Answer:
Option D. Shut down because staying open would be more expensive.
Explanation:
The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.
Select the correct answer. Help Please!!!
Mr. Chopra decides to sell his business shares to the public to acquire additional finance. Under which component in the balance sheet should Mr. Chopra show the money he obtained from the shareholders?
A.
fixed assets
B.
current assets
C.
long-term liabilities
D.
owners’ equity
Answer:
Option D.
Explanation:
Owner's equity refers to the amount which belongs to the owners (in this case, the public investors) of the business, and it is shown on the capital side of the balance sheet.
Examples of owners' equity include:
-common stock and preferred stock
- retained earnings
- accumulated profits
- general reserves and other reserves, etc.
Therefore, in the scenario presented above, Mr. Chopra will record the money he obtained from the shareholders under the Owners' Equity component.
2. Repetition is a _ that works on
Marketing ploy; the weak
Powerful thing; everyone
Way to get your attention; children
Scam; the poor
Answer: Powerful thing; everyone
Explanation: Repetition simply refers to process whereby a word or phrase is being constantly reused or repeated usually within a short period of time. The process of Repetition is usually very useful and powerful in mastering and aiding the establishment of certain information or data in memory. Repetition also occurs in the day to day or regular performance or engagement of chores or routine, whereby one becomes attached or vast in the task, such is the power of Repetition and it is applicable to everyone.
You write one MBI July 139 call contract (equaling 100 shares) for a premium of $17. You hold the option until the expiration date, when MBI stock sells for $150 per share. You will realize a ______ on the investment.
Answer:
$600 loss
Explanation:
A call option is defined as a contract that exists between ba buyer and seller of a call option to exchange securities held at a particular price within a specific period.
To calculate the profit realised on the investment
Profit from call option= (150- 139) * 100
Profit from call option= $1,100
Profit from premium= 17 * 100
Profit from premium= $1,700
Profit on investment= Profit from call option - Profit from premium
Profit on investment = 1,100 - 1,700 = -$600
So there is a loss of $600
Answer: $600 profit
Explanation:
Call contract = $139
Number of shares = 100
Selling price per share = $150
Premium = $17
(Call contract - selling price) × number of shares
($139 - $150) × 100 = -$1100
Total premium = $17 × 100 = 1700
PROFIT / LOSS ON investment = - $1100 + $1700
= $600
OR
Short call profit = Min [0, ($139 - $150)(100)] + $1700 = $600
$600 profit
Why should policies that attempt to create a ladder of opportunity be carried out in the spirit of open-mindedness? Select all that apply: a. such policies might turn out to be too costly to enact on a widespread basis b. such policies have the potential to equalize society c. such policies will always benefit the less disadvantaged d. such policies might not show positive results
Open-mindedness is essential when enacting ladder of opportunity policies because they may be too costly, might not yield positive outcomes, and may not always benefit the less advantaged as intended.
Explanation:Policies aimed at creating a ladder of opportunity should be approached with open-mindedness for several reasons. Firstly, such policies might turn out to be too costly to implement on a large scale. Secondly, while these policies aim to equalize society, it's important to acknowledge that they may not always show positive results, hence the need for a flexible and evaluative approach. Lastly, it's understood that while the intention is to benefit the less advantaged, not all initiatives will be beneficial or sustainable in the long term. Therefore, ongoing monitoring, adaptation, and evaluation are crucial.
The most important reason for studying accounting is that
Answer:
One of the most important reasons is so that a company can know how much money they're making, where it's coming from, and where it's being spent. ... The last reason that accounting is a business necessity is because the government requires reporting financial data to the IRS for tax purposes.Page 81 3.2. What determines demand? Consider the market for caramel and butterscotch ice cream toppings. For each price change, identify the likely effect on the demand curve for caramel topping. The demand for caramel topping will decrease. The demand for caramel topping will increase. The demand curve for caramel topping will remain the same. The price of ice cream increases. The price of caramel topping decreases. The price of butterscotch topping increases.
Answer:
The price of ice cream increases - The demand for caramel topping will decrease
The price of caramel topping decreases - The demand curve for caramel topping will remain the same.
The price of butterscotch topping increases - The demand for caramel topping will increase.
Explanation:
If the price of icecream increases , it would become expensive to make them. So producers would reduce quantity supplied of ice cream. As a result of the reduced supply, there would be less demand for caramel toppings.
Caramel and butterscotch toppings are subsituites. If the price of butterscotch toppings increase, the demand for caramel toppings would increase.
If the price of caramel toppings reduce, the quantity supplied would fall. This would lead to a movement along the demand curve and not a shift of the demand curve.
What questions might you ask yourself when developing your personal brand? Check all that apply. What am I not good at? What makes me desirable in today’s job market? What would my instructors say is my greatest strength? What skills should I exaggerate?
Answer:
What makes me desirable in today’s job market?
What would my instructors say is my greatest strength?
Explanation:
What distinguishes me from other candidates in the employment market of today? and what do my teachers think is my strongest suit? As a result, choices (B) and (D) are accurate.
What is personal branding?Personal branding is the deliberate and intentional effort to shape how the public perceives an individual by elevating their credibility, positioning them as an industry authority, and setting them apart from the competition in order to advance their career, expand their network, and make a bigger impact.
Finding your individuality, developing a reputation for the things you want to be known for, and allowing yourself to become known for them are all steps in the process of personal branding. The ultimate objective is to produce something that can be sold and delivers a message.
Personal branding characterizes success as a type of self-packaging, in contrast to some self-help techniques that emphasize self-improvement.
Hence, options (B) and (D) are accurate.
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Nicoloss is a store that sells clothes, cosmetics, travel bags, and furniture to final consumers. Customer reviews indicate that the store offers a high level of service. In this scenario, Nicoloss is an example of a(n) _____.
Answer: Department store
Explanation: When an establishment offers products and services to end or final consumers in various product segments or categories, such stores are usually referred to as department stores. The word department means each product offering is separated or segmented with varieties to choose from. In the scenario above, Nicoloss store is composed of departments ranging from Clothing, Cosmetics, travel bags, furniture, which gives shoppers the opportunity to purchase from different categories of products on offer within the walls of a single store.
Nature Farm Granola is in a highly-competitive market and has decided to focus on sugar-free granola bars. These granola bars will cost more for the consumer, but the company knows there is high demand for this type of product and feels consumers will pay the price. In addition, none of their competitors have produced this product. This is an example of a ________ strategy
Answer:
Differentiation
Explanation:
Differentiation strategy can be defined as a business strategy in which a firm moves to produce a product that is unique and better than what competitors are offering consumers.
Most times, differentiation strategy is used by a business to make sure it stands out from other businesses and competitors.
In the case of Nature Farm Granola, it is using the differentiation strategy to develop sugar-free granola bars which is not being produced by any other competitor and that consumers are demanding for.
The production of this sugar-free granola bar helps to make Nature Farm Granola stand out from other granola bar making businesses.
Cheers.
Puffer Consultants, a business consulting firm, wants to attract and keep highly ambitious employees who work hard and want to advance in their careers. Which benefit would especially appeal to this type of employee?
A.a 529 savings plan
B.a defined-benefit pension plan
C.a generous vacation policy
D.a health maintenance organization
E.tuition reimbursement
Answer:
E. Tuition reimbursement.
Explanation:
Sometimes, an arrangement exist between an employer and an employee where the employer consent to sponsor the education of the employee. The purpose of offering this is to promote employee loyalty and also to give the needed training to an employee for better performance.
Organizations offer benefits to their employee by offering to pay part of their school fees for those who wish to further their education. This is done for employees who are loyal, hardworking and highly ambitious. By so doing, an employee becomes loyal and consequently be retained by the organization.
Example of tuition reimbursement is payment of bursary to employees by organizations to further their career. Certain percentage of this payment will be made while the employee pays the balance.