Fringe Benefits (Grade 12 NSC Matric Business Studies): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What are fringe benefits?
What are fringe benefits?
Additional rewards on top of salaries
Why do businesses offer fringe benefits to employees?
Why do businesses offer fringe benefits to employees?
To attract & retain skilled workers
Which is a financial security fringe benefit?
Which is a financial security fringe benefit?
Pension Fund
Which benefit helps cover accommodation costs?
Which benefit helps cover accommodation costs?
Housing allowance
What are bonus shares?
What are bonus shares?
Giving employees shares in the company
How can fringe benefits be used as a negotiation tool?
How can fringe benefits be used as a negotiation tool?
Instead of salary increases in pay talks
What is a major disadvantage of offering fringe benefits?
What is a major disadvantage of offering fringe benefits?
Higher administrative costs & time needed
When does UIF provide short-term financial help?
When does UIF provide short-term financial help?
Unemployment, illness, maternity leave
If salary is R8,000, what is the total monthly UIF contribution?
If salary is R8,000, what is the total monthly UIF contribution?
R160
What is true about UIF for South African businesses?
What is true about UIF for South African businesses?
It is compulsory and required by law