Asked by
shonda Bellamy
on Oct 16, 2024
Verified
A force hindering flexible benefits plans is loss of economies of scale in the purchase of benefits.
Flexible Benefits Plans
Employee benefit plans that allow workers to choose from a range of benefit options tailored to their individual needs.
Economies of Scale
Cost advantages that businesses obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
- Recognize the influences that encourage and limit the application of flexible benefit strategies.
Verified Answer
BK
Learning Objectives
- Recognize the influences that encourage and limit the application of flexible benefit strategies.