ECONOMICS (CBSE/UGC NET)

ECONOMICS

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Employers may offer this in the form of products or services that add extra value for employees beyond earned wages
A
life insurance
B
long-term care insurance
C
employee benefits
D
moral hazard
Explanation: 

Detailed explanation-1: -The cost of labor is the sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes paid by an employer.

Detailed explanation-2: -There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.

Detailed explanation-3: -Flexible work hours. Company-sponsored retirement plan or pension. Leave early on Fridays. Four-day work week. Family health insurance. Private health insurance. Healthcare cost reimbursements. Paid self-care days or time off for mental health. More items •02-Oct-2022

Detailed explanation-4: -Medical insurance. Life insurance. Retirement plans. Paid sick leave. Flexible work hours. Remote work options. Wellness programmes. Student loan repayment. More items •23-Nov-2022

There is 1 question to complete.