Future Business Leaders of America (FBLA) Agribusiness Practice Test

Which of the following best defines employee benefits?

1. Only health insurance

2. Cash bonuses and incentives

3. Health, dental, vision, among others

4. Salary increases

The correct answer is: Health, dental, vision, among others

Employee benefits encompass a variety of non-wage compensations provided to employees in addition to their regular salaries. This includes health insurance, dental and vision coverage, retirement plans, paid time off, and other perks that contribute to the overall well-being and job satisfaction of employees. Health, dental, and vision insurance are significant components of employee benefits because they directly impact an employee's health and financial security. By providing these benefits, employers not only enhance their employees’ quality of life but also have the ability to attract and retain talent, which is vital for maintaining a competitive workforce. Other options, while they represent forms of compensation, do not capture the full spectrum of what constitutes employee benefits. For instance, health insurance is just one part of the broader category of benefits, while cash bonuses and salary increases are typically considered different types of financial compensation rather than employee benefits.