Question 1

Perquisites (Perks) are special benefits, usually noncash items, for executives.

Accepted Answer

A) True 
 B)False

Question 2

In a _____, an employer makes contributions to help employees cover their health-related expenses.

Accepted Answer

A)  consumer-driven health plan 
B)  cash balance plan 
C)  self-directed health plan 
D)  managed care plan 
A)  consumer-driven health plan 
B)  cash balance plan 
C)  self-directed health plan 
D)  managed care plan

Question 3

Which of the following is the best example of variable pay?

Accepted Answer

A)  Basic pay 
B)  Conveyance allowance 
C)  Severance pay 
D)  Incentive 
A)  Basic pay 
B)  Conveyance allowance 
C)  Severance pay 
D)  Incentive

Question 4

Gainsharing is the system of _____.

Accepted Answer

A)  treating all employees as equals irrespective of their productivity and the gains they bring 
B)  sharing with employees the gains in profits and productivity equally 
C)  rating employees on the basis of their productivity and the profits they bring 
D)  sharing with employees greater-than-expected gains in profits and productivity 
A)  treating all employees as equals irrespective of their productivity and the gains they bring 
B)  sharing with employees the gains in profits and productivity equally 
C)  rating employees on the basis of their productivity and the profits they bring 
D)  sharing with employees greater-than-expected gains in profits and productivity

Question 5

Why is the communication of benefits important for the efficient functioning of a company?

Accepted Answer

Employees generally do not know much abo

Question 6

Research has shown that absenteeism because of illness is lower when employees are not paid for sick time.

Accepted Answer

A) True 
 B)False

Question 7

Explain profit sharing.

Accepted Answer

As the name implies, profit sharing dist

Question 8

Group Viewer LLC, a software company, provides profit sharing plans for its employees. After organizational restructuring, the management has decided to replace the profit sharing plan with commissions for each employee. Which of the following is true of Group Viewer LLC?

Accepted Answer

A)  It provided individual incentives; now it provides group incentives. 
B)  It provided individual incentives; now it provides organizational incentives. 
C)  It provided group incentives; now it provides individual incentives. 
D)  It provided organizational incentives; now it provides individual incentives. 
A)  It provided individual incentives; now it provides group incentives. 
B)  It provided individual incentives; now it provides organizational incentives. 
C)  It provided group incentives; now it provides individual incentives. 
D)  It provided organizational incentives; now it provides individual incentives.

Question 9

A pension plan in which retirement benefits are based on the accumulation of annual company contributions plus interest credited each year is called a(n) _____ plan.

Accepted Answer

A)  auto-enrollment 
B)  defined benefit 
C)  cash balance 
D)  defined contribution 
A)  auto-enrollment 
B)  defined benefit 
C)  cash balance 
D)  defined contribution

Question 10

The Employee Retirement Income Security Act (ERISA) gives participants the right to file lawsuits for violations of the law.

Accepted Answer

A) True 
 B)False

Question 11

The focus of gainsharing is to _____.

Accepted Answer

A)  decrease discretionary efforts 
B)  decrease pay variances 
C)  increase discretionary efforts 
D)  increase pay variances 
A)  decrease discretionary efforts 
B)  decrease pay variances 
C)  increase discretionary efforts 
D)  increase pay variances

Question 12

Increases in employer expenditures for health benefits are growing faster than increases in wages for employees.

Accepted Answer

A) True 
 B)False

Question 13

The Worker Adjustment and Retraining Notification Act (WARN) of 1988:

Accepted Answer

A)  requires employers to give 20 days' notice of mass layoff or plant closings. 
B)  requires employers to give 30 days' notice of mass layoff or plant closings. 
C)  mandates the payment of severance pay to employees. 
D)  does not mandate the payment of severance pay to employees. 
A)  requires employers to give 20 days' notice of mass layoff or plant closings. 
B)  requires employers to give 30 days' notice of mass layoff or plant closings. 
C)  mandates the payment of severance pay to employees. 
D)  does not mandate the payment of severance pay to employees.

Question 14

Which are the two important U.S. laws that govern issues related to the protection of the health of former workers?

Accepted Answer

Several laws have been enacted to provid

Question 15

Which of the following is a disadvantage of profit sharing plans?

Accepted Answer

A)  Employees must trust that management will accurately disclose financial and profit information. 
B)  Employees are taxed heavily on the income that they generate from profit sharing plans. 
C)  Employees cannot access the funds that they receive from profit sharing plans for up to three years. 
D)  Employers get little or no rebate on income tax for choosing profit sharing plans. 
A)  Employees must trust that management will accurately disclose financial and profit information. 
B)  Employees are taxed heavily on the income that they generate from profit sharing plans. 
C)  Employees cannot access the funds that they receive from profit sharing plans for up to three years. 
D)  Employers get little or no rebate on income tax for choosing profit sharing plans.

Question 16

An employee who is out of work and actively looking for employment can receive up to 26 weeks of pay through unemployment compensation.

Accepted Answer

A) True 
 B)False

Question 17

A situation in which only higher-risk employees choose and use certain benefits under a flexible benefits plan provided by employers is referred to as _____.

Accepted Answer

A)  concentration of risk 
B)  perceived vulnerability 
C)  adverse selection 
D)  skewed distribution effect 
A)  concentration of risk 
B)  perceived vulnerability 
C)  adverse selection 
D)  skewed distribution effect

Question 18

Dennis, the HR head of a company, is trying to convince the top management of the company to approve a wellness program. Which of the following, if true, would be a strong argument in favor of the program?

Accepted Answer

A)  The program would exempt the company from other employee benefits. 
B)  The program would help in employee retention. 
C)  The program would be a contribution to the society. 
D)  The program would reduce the number of existing lawsuits against the company. 
A)  The program would exempt the company from other employee benefits. 
B)  The program would help in employee retention. 
C)  The program would be a contribution to the society. 
D)  The program would reduce the number of existing lawsuits against the company.

Question 19

A differential piece-rate system pays employees:

Accepted Answer

A)  one piece-rate wage for all units produced irrespective of employee productivity or work output. 
B)  one piece-rate wage for units produced up to a standard output and the employee is not paid for units produced over the standard. 
C)  one piece-rate wage for units produced up to a standard output and the employee is compensated through nonmonetary incentives for units produced over the standard. 
D)  one piece-rate wage for units produced up to a standard output and a higher piece-rate wage for units produced over the standard. 
A)  one piece-rate wage for all units produced irrespective of employee productivity or work output. 
B)  one piece-rate wage for units produced up to a standard output and the employee is not paid for units produced over the standard. 
C)  one piece-rate wage for units produced up to a standard output and the employee is compensated through nonmonetary incentives for units produced over the standard. 
D)  one piece-rate wage for units produced up to a standard output and a higher piece-rate wage for units produced over the standard.

Question 20

Which of the following is a voluntary employee benefit that employers may provide in addition to legally required benefits?

Accepted Answer

A)  Medical plans 
B)  Workers' compensation 
C)  Education assistance 
D)  Social security 
A)  Medical plans 
B)  Workers' compensation 
C)  Education assistance 
D)  Social security

Perquisites (Perks) are special benefits, usually noncash items, for executives.

In a _____, an employer makes contributions to help employees cover their health-related expenses.

Which of the following is the best example of variable pay?

Gainsharing is the system of _____.

Why is the communication of benefits important for the efficient functioning of a company?

Research has shown that absenteeism because of illness is lower when employees are not paid for sick time.

Explain profit sharing.

Group Viewer LLC, a software company, provides profit sharing plans for its employees. After organizational restructuring, the management has decided to replace the profit sharing plan with commissions for each employee. Which of the following is true of Group Viewer LLC?

A pension plan in which retirement benefits are based on the accumulation of annual company contributions plus interest credited each year is called a(n) _____ plan.

The Employee Retirement Income Security Act (ERISA) gives participants the right to file lawsuits for violations of the law.

The focus of gainsharing is to _____.

Increases in employer expenditures for health benefits are growing faster than increases in wages for employees.

The Worker Adjustment and Retraining Notification Act (WARN) of 1988:

Which are the two important U.S. laws that govern issues related to the protection of the health of former workers?

Which of the following is a disadvantage of profit sharing plans?

An employee who is out of work and actively looking for employment can receive up to 26 weeks of pay through unemployment compensation.

A situation in which only higher-risk employees choose and use certain benefits under a flexible benefits plan provided by employers is referred to as _____.

Dennis, the HR head of a company, is trying to convince the top management of the company to approve a wellness program. Which of the following, if true, would be a strong argument in favor of the program?

A differential piece-rate system pays employees:

Which of the following is a voluntary employee benefit that employers may provide in addition to legally required benefits?

HRS Role, Strategy, and Planning

Equal Employment Opportunity and Discrimination

Workforce, Jobs, and Retention

Staffing: Recruiting and Selection

Talent Management, Training, and Development

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management, Worker Protection, and Employee Relations

Unionmanagement Relations and Grievances

Filters

Exam 8: Variable Pay, Executive Compensation, and Benefits

Perquisites (Perks) are special benefits, usually noncash items, for executives.

In a _____, an employer makes contributions to help employees cover their health-related expenses.

Which of the following is the best example of variable pay?

Gainsharing is the system of _____.

Why is the communication of benefits important for the efficient functioning of a company?

Research has shown that absenteeism because of illness is lower when employees are not paid for sick time.

Explain profit sharing.

Group Viewer LLC, a software company, provides profit sharing plans for its employees. After organizational restructuring, the management has decided to replace the profit sharing plan with commissions for each employee. Which of the following is true of Group Viewer LLC?

A pension plan in which retirement benefits are based on the accumulation of annual company contributions plus interest credited each year is called a(n) _____ plan.

The Employee Retirement Income Security Act (ERISA) gives participants the right to file lawsuits for violations of the law.

The focus of gainsharing is to _____.

Increases in employer expenditures for health benefits are growing faster than increases in wages for employees.

The Worker Adjustment and Retraining Notification Act (WARN) of 1988:

Which are the two important U.S. laws that govern issues related to the protection of the health of former workers?

Which of the following is a disadvantage of profit sharing plans?

An employee who is out of work and actively looking for employment can receive up to 26 weeks of pay through unemployment compensation.

A situation in which only higher-risk employees choose and use certain benefits under a flexible benefits plan provided by employers is referred to as _____.

Dennis, the HR head of a company, is trying to convince the top management of the company to approve a wellness program. Which of the following, if true, would be a strong argument in favor of the program?

A differential piece-rate system pays employees:

Which of the following is a voluntary employee benefit that employers may provide in addition to legally required benefits?

HRS Role, Strategy, and Planning

Equal Employment Opportunity and Discrimination

Workforce, Jobs, and Retention

Staffing: Recruiting and Selection

Talent Management, Training, and Development

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management, Worker Protection, and Employee Relations

Unionmanagement Relations and Grievances

Filters