Question 1

Pension costs are of no concern to employers as the government handles the pension costs.

Accepted Answer

A) True 
 B)False  False

Question 2

A recent survey shows employees ranking employee benefits _____ in explaining job satisfaction.

Accepted Answer

A)  first 
B)  second 
C)  third 
D)  last 
A)  first 
B)  second 
C)  third 
D)  last B

Question 3

If the future cost containment of a benefit may be a problem,the benefit should be offered on a noncontributory basis.

Accepted Answer

A) True 
 B)False  False

Question 4

Cost pressure related to increasing diversity of the workforce is one of the reasons companies are offering flexible benefit plans.

Accepted Answer

A) True 
 B)False

Question 5

A job ad stating generous benefits leads applicants to place higher value on benefits in choosing among jobs.

Accepted Answer

A) True 
 B)False

Question 6

All of the following are advantages of flexible benefits EXCEPT:

Accepted Answer

A)  containment of costs of benefits. 
B)  increased understanding of benefits by employees. 
C)  reduced expense of introducing new benefits. 
D)  decreased administrative expenses. 
A)  containment of costs of benefits. 
B)  increased understanding of benefits by employees. 
C)  reduced expense of introducing new benefits. 
D)  decreased administrative expenses.

Question 7

A benefit plan that allocates a set dollar amount to employees and allows them to select benefits is called _____ plan.

Accepted Answer

A)  a select choice 
B)  a no-deductible 
C)  a flexible benefit 
D)  a flat dollar benefit 
A)  a select choice 
B)  a no-deductible 
C)  a flexible benefit 
D)  a flat dollar benefit

Question 8

One of the most preferred benefits is _____.

Accepted Answer

A)  stock plans 
B)  profit sharing 
C)  shorter working hours 
D)  early retirement 
A)  stock plans 
B)  profit sharing 
C)  shorter working hours 
D)  early retirement

Question 9

All employee benefits provided by employers are taxable.

Accepted Answer

A) True 
 B)False

Question 10

A disadvantage of flexible benefit programs is that they increase administrative burdens.

Accepted Answer

A) True 
 B)False

Question 11

If a benefit forecast suggests future cost containment may be difficult,the benefit should:

Accepted Answer

A)  be completely paid for by employees. 
B)  be used on a noncontributory basis. 
C)  not be used. 
D)  be offered to employees only on a cost-sharing basis. 
A)  be completely paid for by employees. 
B)  be used on a noncontributory basis. 
C)  not be used. 
D)  be offered to employees only on a cost-sharing basis.

Question 12

Which of the following statements is true of employee benefits?

Accepted Answer

A)  Employers can substitute insurance benefits for job security. 
B)  Group insurance benefits has relatively easy qualification standards. 
C)  Most employee benefits are taxable. 
D)  Many group-based benefits are obtained at a higher rate than could be obtained by employees acting on their own. 
A)  Employers can substitute insurance benefits for job security. 
B)  Group insurance benefits has relatively easy qualification standards. 
C)  Most employee benefits are taxable. 
D)  Many group-based benefits are obtained at a higher rate than could be obtained by employees acting on their own.

Question 13

Which of the following is NOT a disadvantage of flexible benefit programs?

Accepted Answer

A)  Administrative burdens and expenses increase. 
B)  Adverse selection of benefits by employees results in increase in costs. 
C)  New benefits are more difficult to introduce. 
D)  Flexible benefits are subject to nondiscrimination requirements in Section 125 of Internal Revenue Code. 
A)  Administrative burdens and expenses increase. 
B)  Adverse selection of benefits by employees results in increase in costs. 
C)  New benefits are more difficult to introduce. 
D)  Flexible benefits are subject to nondiscrimination requirements in Section 125 of Internal Revenue Code.

Question 14

The only two benefits shown to reduce turnover are pensions and medical coverage.

Accepted Answer

A) True 
 B)False

Question 15

The Employment Retirement Income Security Act (1974)requires employers to offer some form of pension.

Accepted Answer

A) True 
 B)False

Question 16

Trumbrella Corp.is a pharmaceuticals company.One of its employees reports that he had an on-the-job injury caused by slippery factory floor that broke his back.When Trumbrella initiates its claims processing,it should first:

Accepted Answer

A)  determine whether the accident happened. 
B)  determine if the employee is eligible for any benefit. 
C)  calculate the payment required to be paid to the employee. 
D)  contact the insurance companies to enquire about the possibility of a joint payment. 
A)  determine whether the accident happened. 
B)  determine if the employee is eligible for any benefit. 
C)  calculate the payment required to be paid to the employee. 
D)  contact the insurance companies to enquire about the possibility of a joint payment.

Question 17

All of the following are cost-containment practices designed to reduce benefit costs EXCEPT:

Accepted Answer

A)  probationary periods. 
B)  provision of skills development training. 
C)  copay. 
D)  seeking competitive bids for benefit delivery. 
A)  probationary periods. 
B)  provision of skills development training. 
C)  copay. 
D)  seeking competitive bids for benefit delivery.

Question 18

How many weeks of leave does Family Medical Leave Act (1993)mandate for all workers at companies that employ 50 or more people?

Accepted Answer

A)  4 weeks 
B)  8 weeks 
C)  12 weeks 
D)  16 weeks 
A)  4 weeks 
B)  8 weeks 
C)  12 weeks 
D)  16 weeks

Question 19

Which of the following is an advantage of flexible benefit plans?

Accepted Answer

A)  They require no expenditure from the employers. 
B)  They decrease the administrative burdens for employers. 
C)  They decrease the costs as employees pick only those benefits they will use resulting in the subsequent high benefit utilization. 
D)  They increase the involvement of employees in choosing benefit plans. 
A)  They require no expenditure from the employers. 
B)  They decrease the administrative burdens for employers. 
C)  They decrease the costs as employees pick only those benefits they will use resulting in the subsequent high benefit utilization. 
D)  They increase the involvement of employees in choosing benefit plans.

Question 20

The _____ requires individuals to maintain minimal essential health insurance coverage or pay a penalty unless exempted for religious beliefs or financial hardship.

Accepted Answer

A)  Patient Protection and Affordable Care Act 
B)  Family and Medical Leave Act 
C)  Health Maintenance Organization Act 
D)  Consolidated Omnibus Budget Reconciliation Act 
A)  Patient Protection and Affordable Care Act 
B)  Family and Medical Leave Act 
C)  Health Maintenance Organization Act 
D)  Consolidated Omnibus Budget Reconciliation Act

Pension costs are of no concern to employers as the government handles the pension costs.

A recent survey shows employees ranking employee benefits _____ in explaining job satisfaction.

If the future cost containment of a benefit may be a problem,the benefit should be offered on a noncontributory basis.

Cost pressure related to increasing diversity of the workforce is one of the reasons companies are offering flexible benefit plans.

A job ad stating generous benefits leads applicants to place higher value on benefits in choosing among jobs.

All of the following are advantages of flexible benefits EXCEPT:

A benefit plan that allocates a set dollar amount to employees and allows them to select benefits is called _____ plan.

One of the most preferred benefits is _____.

All employee benefits provided by employers are taxable.

A disadvantage of flexible benefit programs is that they increase administrative burdens.

If a benefit forecast suggests future cost containment may be difficult,the benefit should:

Which of the following statements is true of employee benefits?

Which of the following is NOT a disadvantage of flexible benefit programs?

The only two benefits shown to reduce turnover are pensions and medical coverage.

The Employment Retirement Income Security Act (1974)requires employers to offer some form of pension.

Trumbrella Corp.is a pharmaceuticals company.One of its employees reports that he had an on-the-job injury caused by slippery factory floor that broke his back.When Trumbrella initiates its claims processing,it should first:

All of the following are cost-containment practices designed to reduce benefit costs EXCEPT:

How many weeks of leave does Family Medical Leave Act (1993)mandate for all workers at companies that employ 50 or more people?

Which of the following is an advantage of flexible benefit plans?

The _____ requires individuals to maintain minimal essential health insurance coverage or pay a penalty unless exempted for religious beliefs or financial hardship.

The Pay Model

Strategy: The Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, Mix, and Pay

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

Exam 12: The Benefit Determination Process

Pension costs are of no concern to employers as the government handles the pension costs.

A recent survey shows employees ranking employee benefits _____ in explaining job satisfaction.

If the future cost containment of a benefit may be a problem,the benefit should be offered on a noncontributory basis.

Cost pressure related to increasing diversity of the workforce is one of the reasons companies are offering flexible benefit plans.

A job ad stating generous benefits leads applicants to place higher value on benefits in choosing among jobs.

All of the following are advantages of flexible benefits EXCEPT:

A benefit plan that allocates a set dollar amount to employees and allows them to select benefits is called _____ plan.

One of the most preferred benefits is _____.

All employee benefits provided by employers are taxable.

A disadvantage of flexible benefit programs is that they increase administrative burdens.

If a benefit forecast suggests future cost containment may be difficult,the benefit should:

Which of the following statements is true of employee benefits?

Which of the following is NOT a disadvantage of flexible benefit programs?

The only two benefits shown to reduce turnover are pensions and medical coverage.

The Employment Retirement Income Security Act (1974)requires employers to offer some form of pension.

Trumbrella Corp.is a pharmaceuticals company.One of its employees reports that he had an on-the-job injury caused by slippery factory floor that broke his back.When Trumbrella initiates its claims processing,it should first:

All of the following are cost-containment practices designed to reduce benefit costs EXCEPT:

How many weeks of leave does Family Medical Leave Act (1993)mandate for all workers at companies that employ 50 or more people?

Which of the following is an advantage of flexible benefit plans?

The _____ requires individuals to maintain minimal essential health insurance coverage or pay a penalty unless exempted for religious beliefs or financial hardship.

The Pay Model

Strategy: The Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, Mix, and Pay

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

Benefit Options

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters