Question 1

Which two are the possible approaches that can be used in strategic benefits planning? (Approaches to Strategic Benefit Planning)

Accepted Answer

A) Backing-out & top-down 
B) Backing-in & top-down 
C) Backing-up & top-in 
D) Backing-down & top-in 
A) Backing-out & top-down 
B) Backing-in & top-down 
C) Backing-up & top-in 
D) Backing-down & top-in

Question 2

During the 1940s and 1950s,companies expanded their discretionary benefits as an alternative to wage increases or as a motivational tool.(Origins of Employee Benefits)

Accepted Answer

A) True 
 B)False

Question 3

Union workers cannot negotiate paid time off benefits.(Paid TimeOff)

Accepted Answer

A) True 
 B)False

Question 4

Flexible benefits allow employees to do which of the following? (Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) Choose which benefits they want and at what level 
B) Only choose the level of benefits they want 
C) Only choose which benefits they want 
D) Choose whether they want all base pay or pay and benefits 
A) Choose which benefits they want and at what level 
B) Only choose the level of benefits they want 
C) Only choose which benefits they want 
D) Choose whether they want all base pay or pay and benefits

Question 5

The top-down approach to strategic benefits planning is a reactive process that evaluates the benefits program only after problems arise.(Approaches to Strategic Benefit Planning)

Accepted Answer

A) True 
 B)False

Question 6

Which is the following is NOT one of the fundamental roles characterizing benefits programs? (Defining and Exploring Employee Benefits)

Accepted Answer

A) Accommodation and enhancement 
B) Paid time-off 
C) Protection programs 
D) Total compensation 
A) Accommodation and enhancement 
B) Paid time-off 
C) Protection programs 
D) Total compensation

Question 7

Briefly discuss the adjustments to core compensation a company may choose to provide for its employees.(Adjustments to Core Compensation)

Accepted Answer

Main Points 
● Cost-of-living adjustment

Question 8

In 2016,about how many million persons were employed by private-sector companies? (Legal and Regulatory Influences on Discretionary Benefits Practices)

Accepted Answer

A) 90 million 
B) 122 million 
C) 118 million 
D) 125 million 
A) 90 million 
B) 122 million 
C) 118 million 
D) 125 million

Question 9

Merit-pay rewards employees according to their job performance.(Adjustments to Core Compensation)

Accepted Answer

A) True 
 B)False

Question 10

Briefly describe various legal and regulatory influences on discretionary benefits.(Legal and Regulatory Influences on Discretionary Benefits Practices)

Accepted Answer

Main Points 
● Necessary to distinguish

Question 11

Which two make up the internal environmental factors? (Internal Environment)

Accepted Answer

A) Labor force demographics,governmental regulations 
B) Mergers and acquisitions,labor force demographics 
C) Governmental regulations,collective bargaining agreements 
D) Workforce demographics,collective bargaining agreements 
A) Labor force demographics,governmental regulations 
B) Mergers and acquisitions,labor force demographics 
C) Governmental regulations,collective bargaining agreements 
D) Workforce demographics,collective bargaining agreements

Question 12

When paying for discretionary benefits,contributory financing is when the company and its employees share the costs.(Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) True 
 B)False

Question 13

The Fair Labor Standards Act first legitimized bargaining for employee benefits.(Origins of Employee Benefits)

Accepted Answer

A) True 
 B)False

Question 14

Voluntary benefits are supplemental benefits companies off on an employee-financed basis.(Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) True 
 B)False

Question 15

Which common feature of a benefits plan allows companies to limit benefit participation to current employees? (Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) Noncontributory financing 
B) Point-of-service plans 
C) Eligibility provisions 
D) Wellness programs 
A) Noncontributory financing 
B) Point-of-service plans 
C) Eligibility provisions 
D) Wellness programs

Question 16

Vacations are a type of accommodation benefit.(Paid TimeOff)

Accepted Answer

A) True 
 B)False

Question 17

Employee benefits represent compensation other than wages or salaries.(Employee Benefits in the Total Compensation Scheme)

Accepted Answer

A) True 
 B)False

Question 18

Companies can generally choose from which four programs for financing their discretionary benefits plans.(Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) Noncontributory,contributory,employee-financed,a combination of the other three 
B) Alternative managed care,contributory,employee-financed,a combination of the other three 
C) Employee-financed,contributory ,alternative managed care,a combination of the other three 
D) Alternative managed care,contributory,employee-financed,noncontributory 
A) Noncontributory,contributory,employee-financed,a combination of the other three 
B) Alternative managed care,contributory,employee-financed,a combination of the other three 
C) Employee-financed,contributory ,alternative managed care,a combination of the other three 
D) Alternative managed care,contributory,employee-financed,noncontributory

Question 19

Employer-sponsored disability insurance is less encompassing than workers' compensation.(Discretionary Benefits)

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is not an example of an accommodation and enhancement program? (Accommodation and Enhancement Programs)

Accepted Answer

A) Disability insurance 
B) Tuition reimbursement 
C) Family assistance 
D) Stress management 
A) Disability insurance 
B) Tuition reimbursement 
C) Family assistance 
D) Stress management

Which two are the possible approaches that can be used in strategic benefits planning? (Approaches to Strategic Benefit Planning)

During the 1940s and 1950s,companies expanded their discretionary benefits as an alternative to wage increases or as a motivational tool.(Origins of Employee Benefits)

Union workers cannot negotiate paid time off benefits.(Paid TimeOff)

Flexible benefits allow employees to do which of the following? (Basic Design Considerations for Discretionary Benefits)

The top-down approach to strategic benefits planning is a reactive process that evaluates the benefits program only after problems arise.(Approaches to Strategic Benefit Planning)

Which is the following is NOT one of the fundamental roles characterizing benefits programs? (Defining and Exploring Employee Benefits)

Briefly discuss the adjustments to core compensation a company may choose to provide for its employees.(Adjustments to Core Compensation)

In 2016,about how many million persons were employed by private-sector companies? (Legal and Regulatory Influences on Discretionary Benefits Practices)

Merit-pay rewards employees according to their job performance.(Adjustments to Core Compensation)

Briefly describe various legal and regulatory influences on discretionary benefits.(Legal and Regulatory Influences on Discretionary Benefits Practices)

Which two make up the internal environmental factors? (Internal Environment)

When paying for discretionary benefits,contributory financing is when the company and its employees share the costs.(Basic Design Considerations for Discretionary Benefits)

The Fair Labor Standards Act first legitimized bargaining for employee benefits.(Origins of Employee Benefits)

Voluntary benefits are supplemental benefits companies off on an employee-financed basis.(Basic Design Considerations for Discretionary Benefits)

Which common feature of a benefits plan allows companies to limit benefit participation to current employees? (Basic Design Considerations for Discretionary Benefits)

Vacations are a type of accommodation benefit.(Paid TimeOff)

Employee benefits represent compensation other than wages or salaries.(Employee Benefits in the Total Compensation Scheme)

Companies can generally choose from which four programs for financing their discretionary benefits plans.(Basic Design Considerations for Discretionary Benefits)

Employer-sponsored disability insurance is less encompassing than workers' compensation.(Discretionary Benefits)

Which of the following is not an example of an accommodation and enhancement program? (Accommodation and Enhancement Programs)

The Psychology and Economics of Employee Benefits

Regulating Employee Benefits

Employer-Sponsored Retirement Plans

Employer-Sponsored Health-Care Plans

Employer-Sponsored Disability Insurance, life Insurance, and Workers Compensation

Government-Mandated Social Security Programs

Paid Time-Off and Flexible Work Schedule Benefits

Accommodation and Enhancement Benefits

Managing the Employee-Benefits System

Nonqualified Deferred Compensation Plans for Executives

Global Employee Benefits at a Glance

Filters

Exam 1: Introducing Employee Benefits

Which two are the possible approaches that can be used in strategic benefits planning? (Approaches to Strategic Benefit Planning)

During the 1940s and 1950s,companies expanded their discretionary benefits as an alternative to wage increases or as a motivational tool.(Origins of Employee Benefits)

Union workers cannot negotiate paid time off benefits.(Paid TimeOff)

Flexible benefits allow employees to do which of the following? (Basic Design Considerations for Discretionary Benefits)

The top-down approach to strategic benefits planning is a reactive process that evaluates the benefits program only after problems arise.(Approaches to Strategic Benefit Planning)

Which is the following is NOT one of the fundamental roles characterizing benefits programs? (Defining and Exploring Employee Benefits)

Briefly discuss the adjustments to core compensation a company may choose to provide for its employees.(Adjustments to Core Compensation)

In 2016,about how many million persons were employed by private-sector companies? (Legal and Regulatory Influences on Discretionary Benefits Practices)

Merit-pay rewards employees according to their job performance.(Adjustments to Core Compensation)

Briefly describe various legal and regulatory influences on discretionary benefits.(Legal and Regulatory Influences on Discretionary Benefits Practices)

Which two make up the internal environmental factors? (Internal Environment)

When paying for discretionary benefits,contributory financing is when the company and its employees share the costs.(Basic Design Considerations for Discretionary Benefits)

The Fair Labor Standards Act first legitimized bargaining for employee benefits.(Origins of Employee Benefits)

Voluntary benefits are supplemental benefits companies off on an employee-financed basis.(Basic Design Considerations for Discretionary Benefits)

Which common feature of a benefits plan allows companies to limit benefit participation to current employees? (Basic Design Considerations for Discretionary Benefits)

Vacations are a type of accommodation benefit.(Paid TimeOff)

Employee benefits represent compensation other than wages or salaries.(Employee Benefits in the Total Compensation Scheme)

Companies can generally choose from which four programs for financing their discretionary benefits plans.(Basic Design Considerations for Discretionary Benefits)

Employer-sponsored disability insurance is less encompassing than workers' compensation.(Discretionary Benefits)

Which of the following is not an example of an accommodation and enhancement program? (Accommodation and Enhancement Programs)

The Psychology and Economics of Employee Benefits

Regulating Employee Benefits

Employer-Sponsored Retirement Plans

Employer-Sponsored Health-Care Plans

Employer-Sponsored Disability Insurance, life Insurance, and Workers Compensation

Government-Mandated Social Security Programs

Paid Time-Off and Flexible Work Schedule Benefits

Accommodation and Enhancement Benefits

Managing the Employee-Benefits System

Nonqualified Deferred Compensation Plans for Executives

Global Employee Benefits at a Glance

Filters