Final answer:
Compensation including free meals, vacation time, and health insurance is known as indirect financial compensation. It is part of a benefits package that can also consist of retirement plans and employer payments to Social Security, among other benefits.
Step-by-step explanation:
Compensation that includes free meals, vacation time, and health insurance is called C. indirect financial compensation. This type of compensation is part of the overall benefits package that an employer provides, which can also include retirement plans, employer payments to Social Security, unemployment and worker's compensation insurance, and other benefits like Medicare.
While direct financial compensation refers to the wages or salaries employees receive for their labor, indirect financial compensation encompasses the various non-wage benefits that provide value to employees in addition to their regular pay.