Question 1

Incentive-pay is a permanent increase of compensation based on individual goal achievement.(Adjustments to Core Compensation)

Accepted Answer

A) True 
 B)False

Question 2

Competitive strategy refers to the series of judgments,made under uncertainty,that companies direct toward making strategic decisions.(Basic Strategic Planning Concepts)

Accepted Answer

A) True 
 B)False

Question 3

Under the Patient Protection and Affordable Care Act,dental care is included under the required health care offered to employees.(The Patient Protection and Affordable Care Act of 2010)

Accepted Answer

A) True 
 B)False

Question 4

Core compensation programs reward employees according to their job performance levels or for acquiring job-related knowledge or skills.(Employee Benefits in the Total Compensation Scheme)

Accepted Answer

A) True 
 B)False

Question 5

In financing discretionary benefits,employers always pay the total cost incurred.(Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is an internal environment factor used for strategic benefits planning? (External Environment)

Accepted Answer

A) Government regulation of employee benefits 
B) Employer costs for compensation and benefits 
C) Changing demographics of the labor force 
D) Workforce demographics 
A) Government regulation of employee benefits 
B) Employer costs for compensation and benefits 
C) Changing demographics of the labor force 
D) Workforce demographics

Question 7

Profit sharing payments are examples of which type of core compensation package? (Adjustments to Core Compensation)

Accepted Answer

A) Incentive pay 
B) Merit pay 
C) Person-focused pay 
D) Seniority pay 
A) Incentive pay 
B) Merit pay 
C) Person-focused pay 
D) Seniority pay

Question 8

What are the four main classes of health insurance programs that employers have to choose from to offer its' employees? (The Patient Protection and Affordable Care Act of 2010)

Accepted Answer

A) Fee-for-service plans,alternative managed care plans,point-of-service plans,consumer-driven plans 
B) Consumer-driven plans,point-of-service plans,alternative managed care plans,fee-for-service plans,person-focused plans 
C) Fee-for-service plans,person-focused plans,point-of-service plans,point-of-service plans 
D) Point-of-service plans,consumer-driven plans,alternative managed care plans,person-focused plans 
A) Fee-for-service plans,alternative managed care plans,point-of-service plans,consumer-driven plans 
B) Consumer-driven plans,point-of-service plans,alternative managed care plans,fee-for-service plans,person-focused plans 
C) Fee-for-service plans,person-focused plans,point-of-service plans,point-of-service plans 
D) Point-of-service plans,consumer-driven plans,alternative managed care plans,person-focused plans

Question 9

Defined benefits plans,defined contribution plans and hybrid plans are types of health carefunding plans.(Discretionary Benefits)

Accepted Answer

A) True 
 B)False

Question 10

Discretionary benefits can be categorized into programs that (Discretionary Benefits)

Accepted Answer

A) Protect health and income,provide job security,provide accommodation and enhancement benefits 
B) Provide job security,protect health and income,allow for paid time-off 
C) Protect health and income,allow for paid time-off,provide accommodation and enhancement benefits 
D) Provide job security,allow for paid time-off,provide accommodation and enhancement benefits 
A) Protect health and income,provide job security,provide accommodation and enhancement benefits 
B) Provide job security,protect health and income,allow for paid time-off 
C) Protect health and income,allow for paid time-off,provide accommodation and enhancement benefits 
D) Provide job security,allow for paid time-off,provide accommodation and enhancement benefits

Question 11

Flexible benefits plans enable employees to choose from among a set of benefits and different levels of these benefits.(Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) True 
 B)False

Question 12

The Social Security Act was enacted due to the effects of WWII.(The Social Security Act of 1935)

Accepted Answer

A) True 
 B)False

Question 13

Protection programs most closely parallels legally required benefits.(Discretionary Benefits)

Accepted Answer

A) True 
 B)False

Question 14

Employers are free to offer discretionary benefits but specific laws influence the application of these practices.(Legal and Regulatory Influences on Discretionary Benefits Practices)

Accepted Answer

A) True 
 B)False

Question 15

The Family and Medical Leave Act (FMLA)permits employees which of the following? (The Family and Medical Leave Act of 1993)

Accepted Answer

A) 12 work weeks of paid leave during any 12-month period 
B) 10 work weeks of paid leave during any 12-month period 
C) 12 work weeks of unpaid leave during any 12-month period 
D) 10 work weeks of unpaid leave during any 12-month period 
A) 12 work weeks of paid leave during any 12-month period 
B) 10 work weeks of paid leave during any 12-month period 
C) 12 work weeks of unpaid leave during any 12-month period 
D) 10 work weeks of unpaid leave during any 12-month period

Question 16

Employees are most likely to endorse benefits that fulfill their needs.(Changing Demographics of the Labor Force)

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is not a fundamental employee goal? (Legal and Regulatory Influences on Discretionary Benefits Practices)

Accepted Answer

A) High wages 
B) Leadership 
C) Job security 
D) Safe working conditions 
A) High wages 
B) Leadership 
C) Job security 
D) Safe working conditions

Question 18

The planned use of company resources to promote and sustain competitive advantage is referred to as competitive strategy.(Basic Strategic Planning Concepts)

Accepted Answer

A) True 
 B)False

Question 19

Information for strategic benefits planning comes from these two environments.(Information Used in Strategic Benefit Planning)

Accepted Answer

A) External company & internal market 
B) External market & internal company 
C) Internal market & external market 
D) Internal company & external company 
A) External company & internal market 
B) External market & internal company 
C) Internal market & external market 
D) Internal company & external company

Question 20

Benefits professionals craft benefits strategies based on information contained in strategic benefit plans.(Basic Strategic Planning Concepts)

Accepted Answer

A) True 
 B)False

Incentive-pay is a permanent increase of compensation based on individual goal achievement.(Adjustments to Core Compensation)

Competitive strategy refers to the series of judgments,made under uncertainty,that companies direct toward making strategic decisions.(Basic Strategic Planning Concepts)

Under the Patient Protection and Affordable Care Act,dental care is included under the required health care offered to employees.(The Patient Protection and Affordable Care Act of 2010)

Core compensation programs reward employees according to their job performance levels or for acquiring job-related knowledge or skills.(Employee Benefits in the Total Compensation Scheme)

In financing discretionary benefits,employers always pay the total cost incurred.(Basic Design Considerations for Discretionary Benefits)

Which of the following is an internal environment factor used for strategic benefits planning? (External Environment)

Profit sharing payments are examples of which type of core compensation package? (Adjustments to Core Compensation)

What are the four main classes of health insurance programs that employers have to choose from to offer its' employees? (The Patient Protection and Affordable Care Act of 2010)

Defined benefits plans,defined contribution plans and hybrid plans are types of health carefunding plans.(Discretionary Benefits)

Discretionary benefits can be categorized into programs that (Discretionary Benefits)

Flexible benefits plans enable employees to choose from among a set of benefits and different levels of these benefits.(Basic Design Considerations for Discretionary Benefits)

The Social Security Act was enacted due to the effects of WWII.(The Social Security Act of 1935)

Protection programs most closely parallels legally required benefits.(Discretionary Benefits)

Employers are free to offer discretionary benefits but specific laws influence the application of these practices.(Legal and Regulatory Influences on Discretionary Benefits Practices)

The Family and Medical Leave Act (FMLA)permits employees which of the following? (The Family and Medical Leave Act of 1993)

Employees are most likely to endorse benefits that fulfill their needs.(Changing Demographics of the Labor Force)

Which of the following is not a fundamental employee goal? (Legal and Regulatory Influences on Discretionary Benefits Practices)

The planned use of company resources to promote and sustain competitive advantage is referred to as competitive strategy.(Basic Strategic Planning Concepts)

Information for strategic benefits planning comes from these two environments.(Information Used in Strategic Benefit Planning)

Benefits professionals craft benefits strategies based on information contained in strategic benefit plans.(Basic Strategic Planning Concepts)

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

Incentive-pay is a permanent increase of compensation based on individual goal achievement.(Adjustments to Core Compensation)

Competitive strategy refers to the series of judgments,made under uncertainty,that companies direct toward making strategic decisions.(Basic Strategic Planning Concepts)

Under the Patient Protection and Affordable Care Act,dental care is included under the required health care offered to employees.(The Patient Protection and Affordable Care Act of 2010)

Core compensation programs reward employees according to their job performance levels or for acquiring job-related knowledge or skills.(Employee Benefits in the Total Compensation Scheme)

In financing discretionary benefits,employers always pay the total cost incurred.(Basic Design Considerations for Discretionary Benefits)

Which of the following is an internal environment factor used for strategic benefits planning? (External Environment)

Profit sharing payments are examples of which type of core compensation package? (Adjustments to Core Compensation)

What are the four main classes of health insurance programs that employers have to choose from to offer its' employees? (The Patient Protection and Affordable Care Act of 2010)

Defined benefits plans,defined contribution plans and hybrid plans are types of health carefunding plans.(Discretionary Benefits)

Discretionary benefits can be categorized into programs that (Discretionary Benefits)

Flexible benefits plans enable employees to choose from among a set of benefits and different levels of these benefits.(Basic Design Considerations for Discretionary Benefits)

The Social Security Act was enacted due to the effects of WWII.(The Social Security Act of 1935)

Protection programs most closely parallels legally required benefits.(Discretionary Benefits)

Employers are free to offer discretionary benefits but specific laws influence the application of these practices.(Legal and Regulatory Influences on Discretionary Benefits Practices)

The Family and Medical Leave Act (FMLA)permits employees which of the following? (The Family and Medical Leave Act of 1993)

Employees are most likely to endorse benefits that fulfill their needs.(Changing Demographics of the Labor Force)

Which of the following is not a fundamental employee goal? (Legal and Regulatory Influences on Discretionary Benefits Practices)

The planned use of company resources to promote and sustain competitive advantage is referred to as competitive strategy.(Basic Strategic Planning Concepts)

Information for strategic benefits planning comes from these two environments.(Information Used in Strategic Benefit Planning)

Benefits professionals craft benefits strategies based on information contained in strategic benefit plans.(Basic Strategic Planning Concepts)

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