Question 1

Employees find 401(k) plans unattractive because these plans require employees to pay higher income taxes during working years.

Accepted Answer

A) True 
 B)False

Question 2

Arexa, a toy manufacturing company, allows its employees to select the benefits that they would like to attain from a list of options established by the company. What are such benefit plans called? What are the disadvantages of using such benefit plans?

Accepted Answer

The company is offering flexible benefit

Question 3

_____ is the federal law that ensures the privacy of employee medical records.

Accepted Answer

A)  HIPAA 
B)  ADEA 
C)  ERISA 
D)  FMLA 
A)  HIPAA 
B)  ADEA 
C)  ERISA 
D)  FMLA

Question 4

Workers' compensation programs are typically funded:

Accepted Answer

A)  at the expense of the employer. 
B)  at the expense of all the stake holders. 
C)  by the value-added taxes levied by the federal government on specific goods. 
D)  by the contributions made to state governments by both employees and employers. 
A)  at the expense of the employer. 
B)  at the expense of all the stake holders. 
C)  by the value-added taxes levied by the federal government on specific goods. 
D)  by the contributions made to state governments by both employees and employers.

Question 5

Describe the challenges faced by group/team incentives.

Accepted Answer

Group/team reward systems can use differ

Question 6

Which of the following is true of defined benefit pension plans?

Accepted Answer

A)  The investment risk is borne by the employee. 
B)  The amount of benefit paid at retirement is pre-determined. 
C)  They are most common in private sector and nonunionized workforces. 
D)  They typically do not guarantee benefits. 
A)  The investment risk is borne by the employee. 
B)  The amount of benefit paid at retirement is pre-determined. 
C)  They are most common in private sector and nonunionized workforces. 
D)  They typically do not guarantee benefits.

Question 7

Cost sharing plans:

Accepted Answer

A)  involve employers sharing the costs of government-mandated health insurance plans with the government. 
B)  require employees to pay a larger proportion of their health benefits costs. 
C)  require insurance firms to share profits with employers who purchase insurance plans. 
D)  allow employees to track their benefits balances as and when required. 
A)  involve employers sharing the costs of government-mandated health insurance plans with the government. 
B)  require employees to pay a larger proportion of their health benefits costs. 
C)  require insurance firms to share profits with employers who purchase insurance plans. 
D)  allow employees to track their benefits balances as and when required.

Question 8

What is workers' compensation? Explain.

Accepted Answer

Workers' compensation provides security

Question 9

How is the provision of benefits rather than wages advantageous for employees?

Accepted Answer

Providing employees benefits rather than

Question 10

In developed countries, _____ are far more likely to provide compulsory health plans for people, regardless of employment status.

Accepted Answer

A)  privately owned organizations 
B)  governments 
C)  non-governmental organizations 
D)  unions 
A)  privately owned organizations 
B)  governments 
C)  non-governmental organizations 
D)  unions

Question 11

Which of the following statements is true of part-time employees?

Accepted Answer

A)  Anti-discrimination laws enable part-time employees to receive the same benefits as full-time employees are offered. 
B)  Most employers do not provide any part-time employee benefits, except some paid time off. 
C)  Part-time employees typically make no effort to attain benefits because they are covered by their spouse's or parents' insurance policies. 
D)  Most employers provide part-time employees medical benefits, but no time-off benefits because these employees already work on a short schedule. 
A)  Anti-discrimination laws enable part-time employees to receive the same benefits as full-time employees are offered. 
B)  Most employers do not provide any part-time employee benefits, except some paid time off. 
C)  Part-time employees typically make no effort to attain benefits because they are covered by their spouse's or parents' insurance policies. 
D)  Most employers provide part-time employees medical benefits, but no time-off benefits because these employees already work on a short schedule.

Question 12

What are the requirements of the Consolidated Omnibus Budget Reconciliation Act (COBRA) with respect to health care?

Accepted Answer

A)  Employers with more than 50 employees must provide medical insurance for all full-time employees. 
B)  Most employers with 20 or more employees must offer extended health care coverage to certain groups of plan participants. 
C)  Widowed or divorced spouses and dependent children of former or current employees need not be offered health care coverage. 
D)  Employees who are terminated need not be offered health care coverage. 
A)  Employers with more than 50 employees must provide medical insurance for all full-time employees. 
B)  Most employers with 20 or more employees must offer extended health care coverage to certain groups of plan participants. 
C)  Widowed or divorced spouses and dependent children of former or current employees need not be offered health care coverage. 
D)  Employees who are terminated need not be offered health care coverage.

Question 13

A vendor that provides administrative services to an organization is referred to as _____.

Accepted Answer

A)  part-time employee. 
B)  whistle-blower. 
C)  mediator. 
D)  third-party administrator 
A)  part-time employee. 
B)  whistle-blower. 
C)  mediator. 
D)  third-party administrator

Question 14

Divorced spouses and dependent children of former or current employees should be offered extended health care coverage under the COBRA.

Accepted Answer

A) True 
 B)False

Question 15

Explain bonuses.

Accepted Answer

Individual employees may receive additio

Question 16

What are the advantages of using paid-time-off (PTO) plans?

Accepted Answer

A growing number of employers have made

Question 17

What are the legal regulations regarding early retirement in U.S. companies?

Accepted Answer

Many pension plans include provisions fo

Question 18

George, a travel agent, shares some of his unused vacation time with his colleague Sam. Is such an arrangement legal in the U.S.?

Accepted Answer

Yes, such an arrangement is legal in the

Question 19

In companies that provide defined benefit plans, if the funding is inadequate to pay the benefits promised, the employees must make up the shortfall.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following best describes workers' compensation?

Accepted Answer

A)  Compensation provided to workers after retirement 
B)  Benefits provided to persons injured on the job 
C)  Benefits provided to workers who survive terminal diseases 
D)  Total pay package that includes both basic wages and benefits 
A)  Compensation provided to workers after retirement 
B)  Benefits provided to persons injured on the job 
C)  Benefits provided to workers who survive terminal diseases 
D)  Total pay package that includes both basic wages and benefits

Employees find 401(k) plans unattractive because these plans require employees to pay higher income taxes during working years.

Arexa, a toy manufacturing company, allows its employees to select the benefits that they would like to attain from a list of options established by the company. What are such benefit plans called? What are the disadvantages of using such benefit plans?

_____ is the federal law that ensures the privacy of employee medical records.

Workers' compensation programs are typically funded:

Describe the challenges faced by group/team incentives.

Which of the following is true of defined benefit pension plans?

Cost sharing plans:

What is workers' compensation? Explain.

How is the provision of benefits rather than wages advantageous for employees?

In developed countries, _____ are far more likely to provide compulsory health plans for people, regardless of employment status.

Which of the following statements is true of part-time employees?

What are the requirements of the Consolidated Omnibus Budget Reconciliation Act (COBRA) with respect to health care?

A vendor that provides administrative services to an organization is referred to as _____.

Divorced spouses and dependent children of former or current employees should be offered extended health care coverage under the COBRA.

Explain bonuses.

What are the advantages of using paid-time-off (PTO) plans?

What are the legal regulations regarding early retirement in U.S. companies?

George, a travel agent, shares some of his unused vacation time with his colleague Sam. Is such an arrangement legal in the U.S.?

In companies that provide defined benefit plans, if the funding is inadequate to pay the benefits promised, the employees must make up the shortfall.

Which of the following best describes workers' compensation?

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

Employees find 401(k) plans unattractive because these plans require employees to pay higher income taxes during working years.

Arexa, a toy manufacturing company, allows its employees to select the benefits that they would like to attain from a list of options established by the company. What are such benefit plans called? What are the disadvantages of using such benefit plans?

_____ is the federal law that ensures the privacy of employee medical records.

Workers' compensation programs are typically funded:

Describe the challenges faced by group/team incentives.

Which of the following is true of defined benefit pension plans?

Cost sharing plans:

What is workers' compensation? Explain.

How is the provision of benefits rather than wages advantageous for employees?

In developed countries, _____ are far more likely to provide compulsory health plans for people, regardless of employment status.

Which of the following statements is true of part-time employees?

What are the requirements of the Consolidated Omnibus Budget Reconciliation Act (COBRA) with respect to health care?

A vendor that provides administrative services to an organization is referred to as _____.

Divorced spouses and dependent children of former or current employees should be offered extended health care coverage under the COBRA.

Explain bonuses.

What are the advantages of using paid-time-off (PTO) plans?

What are the legal regulations regarding early retirement in U.S. companies?

George, a travel agent, shares some of his unused vacation time with his colleague Sam. Is such an arrangement legal in the U.S.?

In companies that provide defined benefit plans, if the funding is inadequate to pay the benefits promised, the employees must make up the shortfall.

Which of the following best describes workers' compensation?

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