CTFA Exam: Perquisites (Perks)

Perquisites (Perks) for CTFA Exam

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Question

Which of the following is not a perquisite (perk)?

Answers

Explanations

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A. B. C. D.

C

Sure, I'd be happy to provide you with a detailed explanation of the answer to this question.

The term "perquisite" (often abbreviated as "perk") refers to a special benefit or privilege that is given to an employee in addition to their regular salary or wages. Perquisites can take many different forms, such as company cars, expense accounts, housing allowances, and more.

Of the four options provided, three of them are examples of common perks that may be offered to employees:

A. Company-provided automobile - This is a common perk for executives and other high-level employees. It allows them to travel to meetings, appointments, and other business events without having to use their personal vehicle.

B. Expensive office - This perk may be offered to executives or other employees who require a private office for their work. It may include amenities such as a private bathroom, a conference table, and other features.

D. Country club membership - This is a perk that may be offered to employees who are expected to entertain clients or business partners on a regular basis. Country club memberships can provide access to golf courses, tennis courts, swimming pools, and other recreational facilities.

C. Salary - This is not a perk, but rather the basic compensation that an employee receives in exchange for their work. While some employees may negotiate for higher salaries as part of their employment contract, it is not considered a special benefit or privilege.

Therefore, the correct answer to this question is C. Salary.