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Fringe Benefit Package

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A president at a university wants to reduce expenditures on fringe benefits (while maintaining the quality of faculty and staff). The president appointed a task force, which consists of faculty and staff from departments throughout the university. The task force has been asked to design a new fringe benefit package.

Does the president want to commit to accepting the committee (task force) report or would the president want to reserve the right to make modifications? Explain.

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Solution Summary

The president at a university is evaluated in terms of fringe benefits. References are also provided to further validate the findings.

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The president at the university has a goal in mind, to reduce fringe benefits. The faculty and the staff, have a natural aversion to the reduction of fringe benefits, because it will decrease the benefits they receive as ...

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