ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sick-leave pay, vacation pay, pension plans and health plans are examples of:
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fringe benefits
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off-schedule salary
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bonus sharing
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non-monetary salaries
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Explanation:
Detailed explanation-1: -Common fringe benefits are basic items often included in hiring packages. These include health insurance, life insurance, tuition assistance, childcare reimbursement, cafeteria subsidies, below-market loans, employee discounts, employee stock options, and personal use of a company-owned vehicle.
Detailed explanation-2: -What is Salary and Fringes? Salary and fringes is the total amount of compensation that will be paid to an employee. This amount includes not only base pay, bonuses and commissions, but also all fringe benefits, such as medical insurance, life insurance, and pension payments.
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