Asked by Christyon Pulley on May 07, 2024

verifed

Verified

Which process of evaluating benefits systems considers the net benefits associated with a particular benefit system?

A) competitive analysis
B) cost break-even analysis
C) cost analysis
D) employee surveys

Benefits Systems

Organized programs offered by employers to provide their employees with financial protection and assistance in health, retirement, and other aspects of personal welfare.

Cost Break-even Analysis

An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue.

Competitive Analysis

A process of evaluating the strengths and weaknesses of competitors in the market to identify opportunities and threats.

  • Analyze the tax effects and management procedures of benefits plans.
verifed

Verified Answer

KK
Kaleb KoffordMay 12, 2024
Final Answer :
C
Explanation :
Cost analysis is the process that considers the net benefits associated with a particular benefit system by evaluating the costs versus the benefits to determine the overall value or impact of the system.