selective material benefits

(noun)

Selective material benefits are benefits that are usually given in monetary benefits. For instance, if an interest group gives a material benefit to their member, they could give them travel discounts, free meals at certain restaurants, or free subscriptions to magazines, newspapers, or journals.

Related Terms

Examples of selective material benefits in the following topics:

  • Motivations Behind the Formation of Interest Groups

    • Members comprising interest groups join for solidarity, material, or purposive incentives.
    • Selective material benefits are benefits that are usually given in monetary benefits.
    • For instance, if an interest group gives a material benefit to their member, they could give them travel discounts, free meals at certain restaurants, or free subscriptions to magazines, newspapers, or journals.
    • A selective solidary benefit is another type of benefit offered to members or prospective members of an interest group.
    • Identify the benefits and incentives for individuals to join interest groups

  • The Characteristics of Members

    • The general theory is that individuals must be enticed with some type of benefit to join an interest group.
    • Selective material benefits are benefits that are usually given in monetary benefits.
    • For instance, if an interest group gives a material benefit to their member, they could give them travel discounts, free meals at certain restaurants, or free subscriptions to magazines, newspapers, or journals.
    • Many trade and professional interest groups tend to give these types of benefits to their members.
    • A selective solidary benefit is another type of benefit offered to members or prospective members of an interest group.

  • Members

    • Selective material benefits are sometimes given in order to address the free rider problem.
    • Interest groups give material benefits like travel discounts, free meals at certain restaurants, or free subscriptions to magazines, newspapers, or journals.
    • Many trade and professional interest groups give these benefits to members.
    • A selective solidary benefit is another type of benefit offered to members of an interest group.
    • An expressive incentive can be another basic benefit to members of an interest group.

  • Identifying Product Benefits

    • While your hunger drives the initial buying behavior (the benefit), there are other, more subtle, components to selecting one sandwich from many (product features).
    • You've just seen the difference between features and benefits.
    • Product features include such factors as form, color, size, weight, odor, material, and tactile qualities.
    • Features are important as they may help back up the benefit.
    • A benefit answers the question, "So What?

  • Contract Manufacturing

    • The contract manufacturer will quote the parts based on processes, labor, tooling, and material costs.
    • They can also save on labor costs such as wages, training, and benefits.
    • Because they are servicing multiple customers, they can offer reduced costs in acquiring raw materials by benefiting from economies of scale.
    • Balanced against the above benefits of contract manufacturing are a number of risks:
    • Compare the benefits and risks of employing a contract manufacturer (CM)

  • Internal Controls

    • For example, assume a set amount of raw material is acquired by the company.
    • When the company receives that material, the amount should be noted in the inventory management system.
    • As the material is processed into the goods for resale, the amount of raw material used should be deducted from the "raw material inventory" and the amount of goods that result from the process should be added to the "finished goods inventory. " As each finished item is sold, the "finished goods inventory" should be decreased by that amount.
    • The benefit of a properly used and maintained inventory management system is that it allows management to be able to know how much inventory it has at any given time.
    • To conduct a cycle count, an auditor will select a small subset of inventory, in a specific location, and count it on a specified day.

  • Fringe Benefits

    • Fringe benefits are various indirect benefits, often of a more discretionary nature than standard benefits.
    • Other fringe benefits can include employee discount programs at shops, hotels, gyms, movie theaters, and so on.
    • The term "fringe benefits" was coined by the War Labor Board during World War II to describe the various indirect benefits which industry had devised to attract and retain labor when direct wage increases were prohibited.
    • When multiple choices exist, select employees may also be given first choice on such things as job assignments and vacation scheduling.
    • Fringe benefits are also thought of as the costs of keeping employees other than salary.

  • Advantages of LIFO

    • FIFO and LIFO Methods are accounting techniques used in managing inventory and financial matters involving the amount of money a company has tied up within inventory of produced goods, raw materials, parts, components, or feed stocks.
    • Which method an accountant selects can have a significant effect on net income and book value and, in turn, on taxation.
    • Describe how using the LIFO method of valuing inventory would benefit a company

  • Standard Benefits

    • Standard benefits span a wide variety of employee needs, and represent a key reason for employees to find full-time employers who provide a full selection of standard benefits.
    • Retirement benefit plans (pension, 401(k), 403(b)) - Employees are entitled to various retirement-related benefits such as long-term investments, pensions, and other savings for retirement age.
    • The primary draw for most of these benefits is the tax benefits, whereas withdrawing this capital past the retirement age is tax free.
    • Transportation benefits - Another common benefit is paid transportation.
    • While there are other, less common benefits that can be provided, this list is a comprehensive overview of what employees can normally expect from employers in regards to standard benefits of employment.

  • Whole-Genome Duplication

    • This may provide an evolutionary benefit to the organism by supplying it with multiple copies of a gene, thus, creating a greater possibility of functional and selectively favored genes.
    • Paleopolyploidization events lead to massive cellular changes, including doubling of the genetic material, changes in gene expression and increased cell size.
    • Gene loss during diploidization is not completely random, but heavily selected.
    • Genome doubling provides organisms with redundant alleles that can evolve freely with little selection pressure.