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

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