Match the items of List-I with the items of List-II and choose the correct answer from the code given…
In executive and employee compensation structure, Claims / Reimbursements (a) cover expenses like telephone/mobile, internet, and medical allowances (ii); Fringe benefits /…
Choose your answer
Match the items of List-I with the items of List-II and choose the correct answer from the code given below.
(a) Claims — (i) Company car, club membership, paid holidays, furnished house
(b) Fringe benefits — (ii) Telephone/mobile allowance, internet allowance, medical allowance
(c) Perquisites — (iii) Canteen, uniform, accident relief
Answer and explanation
Correct answer A
In executive and employee compensation structure, Claims / Reimbursements (a) cover expenses like telephone/mobile, internet, and medical allowances (ii); Fringe benefits / welfare amenities (b) include universal workplace facilities such as canteen, uniform, and accident relief (iii); and Perquisites (perks) (c) include status-linked benefits such as company car, club membership, paid holidays, and furnished accommodation (i).
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UGC NET Commerce