Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A restaurant allowing their staff to give their friends free drinks. 2. Employer giving top-selling employees a trip to Europe. 3. A gym allowing

1. A restaurant allowing their staff to give their friends free drinks.

2. Employer giving top-selling employees a trip to Europe.

3. A gym allowing employees to work out for free.

4. Employer paying its employees partly with life insurance.

5. A lumberyard providing employees with disability insurance.

6. Employers giving their staff 1 year paid maternity leave.

7. Lyft making pension contributions for its head-office staff.

8. Employers giving employees 70% discounts on purchases of their outdoors goods.

9. State government paying pensions to employees.

10. Employer paying employees partly with health insurance.

Q. For each of the following employee benefit, why the employer would choose to pay their employees in this form rather than in cash. Place an "O" in the box below each time that particular reason applies. (Multiple answers possible)

Benefits (number applies above)
Reason benefit is provided 1 2 3 4 5 6 7 8 9 10
Tax
Administration costs / bulk purchase
Retirement
Legislation
Sorting
Eliminating adverse selection
Externalities
Incentives

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Stephen P Robbins, Mary Coulter

11th Edition

9780273752776, 132163845, 273752774, 978-0132163842

More Books

Students also viewed these General Management questions

Question

What are some examples of HR risks? AppendixLO1

Answered: 1 week ago

Question

Why are network layers important?

Answered: 1 week ago