The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as

Question

3 years ago

5

The recently appointed CEO of XYZ Inc. uses a luxury summerhouse owned by the company for rest and relaxation with his family as

well as a place to invite important clients before a lucrative business deal. XYZ Inc. also provides membership to an exclusive country club to its CEO. These kinds of benefits offered to CEOs are called

Business

1 answer:

wel · Answer 1 · 2021-12-17T05:08:42+03:00

Answer:

Perquisites.

Explanation:

Perquisite is defined as non wage compensation that an employee benefits in addition to normal salary.

When an employee exchanges his salary for some other form of compensation it is called salary packaging.

In this scenario the CEO enjoys benefits such as the use of a luxury summerhouse owned by the company for rest and relaxation with his family as well as a place to invite important clients before a lucrative business deal.

Also he has membership to an exclusive country club to its CEO.