In: Finance
Suppose an employer has a pressing need to attract new engineers. As an incentive, the company increases its amount of life insurance for its engineers from $80,000 to $120,000, while coverage for all other company positions remains the same. This company's life insurance benefits are most likely based on a/an _______ schedule. A. position B. flat-benefit C. earnings D. combination of benefits
The correct answer is option D) combination of benefits
In such a case, company's life insurance benefits are most likely based on a combination of benefits schedule.