Which of the following is another example of a workplace benefit?

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Study for the EverFi Financial Literacy Test. Prepare with multiple choice questions and comprehensive insights, each question provides hints and detailed explanations. Equip yourself for success!

Life insurance is a classic example of a workplace benefit, as it is provided by employers to support their employees and often comes at little to no direct cost to employees. This benefit serves as a form of financial protection for employees’ families in the event of the employee's untimely death. It reflects the employer's commitment to the well-being of their staff, enhancing overall job satisfaction and loyalty.

In contrast, commission on sales is compensation based on performance rather than a standard benefit provided to all employees. Overtime pay is compensation for hours worked beyond the standard workweek; it's a legal requirement rather than a benefit. Work assignments refer to the duties employees are expected to perform and do not qualify as a benefit. These distinctions highlight life insurance as a significant contributor to employee welfare, standing out among the options as a conventional workplace benefit.

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