Asked by Jamie Osborn on Jul 27, 2024
Verified
In the context of compensations, perquisites are:
A) mandated family health-care benefits.
B) usually made available only to members of top management.
C) benefits targeted at different stages in an employee's life.
D) paid for solely by the government.
Perquisites
Benefits or privileges provided to employees in addition to their salaries, such as company cars or health insurance.
Top Management
The highest level of management in an organization, responsible for the overall direction, strategy, and success of the company.
- Identify the types of benefits such as perquisites, life-cycle benefits, and employee assistance plans, and their significance in employee compensation.
Verified Answer
MB
Marilyn BeinkeJul 29, 2024
Final Answer :
B
Explanation :
Perquisites, often referred to as "perks," are special privileges or benefits that are usually provided to members of top management or executives in addition to their regular salary and bonuses. These can include things like company cars, club memberships, or special financial services.
Learning Objectives
- Identify the types of benefits such as perquisites, life-cycle benefits, and employee assistance plans, and their significance in employee compensation.
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