Question

Benefits are additional nonmonetary forms of compensation designed to enrich the lives of all employees in the organization. Common benefits include medical insurance, vacation days, and credit unions, all paid for in whole or in part by the company.

Answer 1

TRUE

Step-by-step explanation:

The answer is true.

All companies and organisations offer their employees some additional non -monetary forms of compensation which is a part of their salary structure.

These benefits or extra allowances offered by the organisation to the employees includes medical insurance, credits unions, uniforms, canteen facilities, vacation days, etc.

They are provided to enrich the lives of all employees in the organization and increase their living standards.

Thus the answer is TRUE.