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Flexible benefits plans that allow employees to select their own customized package from various benefit options are called:

AGolden Parachutes
BCafeteria-style Benefits
CFringe Pay Plans
DStandardized Benefit Plans

Explanation

Cafeteria plans give employees a flexible allowance to pick and choose benefits tailored to their personal lifestyle needs.

Exam Relevance
  • Topic: Compensation & Benefits
  • Subtopic: Employee Benefits
Submitted by: mcqstutor Team More Human Resource Management MCQs →

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