Question 1

_______________ is a type of organization-wide variable pay plan.

Accepted Answer

A) Bonuses 
B) Quality improvement 
C) Gainsharing 
D) Profit sharing 
A) Bonuses 
B) Quality improvement 
C) Gainsharing 
D) Profit sharing D

Question 2

In a health savings account, _______________.

Accepted Answer

A) unused amounts in the individual's account cannot be rolled over to future years 
B) there is no incentive to employees to spend less on health expenses 
C) individual employees can set aside post-tax amounts for medical care into a health savings account 
D) both employees and employers can make contributions to the account 
A) unused amounts in the individual's account cannot be rolled over to future years 
B) there is no incentive to employees to spend less on health expenses 
C) individual employees can set aside post-tax amounts for medical care into a health savings account 
D) both employees and employers can make contributions to the account D

Question 3

A disadvantage to profit-sharing plans is that _______________.

Accepted Answer

A) it is seen as a sort of "people's capitalism" 
B) participation is limited only to management-level employees 
C) it makes an employee's compensation dependent on the performance of their employer 
D) employers are required to pay the taxes on the shares offered to employees 
A) it is seen as a sort of "people's capitalism" 
B) participation is limited only to management-level employees 
C) it makes an employee's compensation dependent on the performance of their employer 
D) employers are required to pay the taxes on the shares offered to employees C

Question 4

Retirement programs established and funded by employers and employees are _______________.

Accepted Answer

A) mandated by the Employee Retirement Income Security Act (ERIS
A)  
B) called pension plans 
C) often treated as "golden handcuffs" 
D) substitutes for Social Security 
A) mandated by the Employee Retirement Income Security Act (ERIS
A)  
B) called pension plans 
C) often treated as "golden handcuffs" 
D) substitutes for Social Security

Question 5

A co-payment strategy requires employees to pay a portion of the cost of insurance premiums, medical care, and prescription drugs.

Accepted Answer

A) True 
 B)False

Question 6

Describe the various methods of compensating sales employees.

Accepted Answer

Compensation paid to sales employees is

Question 7

One of the main objectives that organizations have for pay-for-performance plans is to _______________.

Accepted Answer

A) punish lower-performing employees 
B) achieve HR objectives such as increasing retention and rewarding safety 
C) justify higher rates of pay for higher-performing individuals 
D) encourage a greater degree of teamwork within the organization 
A) punish lower-performing employees 
B) achieve HR objectives such as increasing retention and rewarding safety 
C) justify higher rates of pay for higher-performing individuals 
D) encourage a greater degree of teamwork within the organization

Question 8

Special incentive programs focus on rewarding lower-performing individuals in an attempt to motivate and encourage improved performance.

Accepted Answer

A) True 
 B)False

Question 9

The Family and Medical Leave Act of 1993 requires that employers allow eligible employees to take a total of ______________during any period.

Accepted Answer

A) 12 weeks' paid leave; 12-month 
B) 12 weeks' paid leave; 24-month 
C) 12 weeks' unpaid leave; 12-month 
D) 12 weeks' unpaid leave; 24-month 
A) 12 weeks' paid leave; 12-month 
B) 12 weeks' paid leave; 24-month 
C) 12 weeks' unpaid leave; 12-month 
D) 12 weeks' unpaid leave; 24-month

Question 10

ERISA requires many companies to offer retirement plans to all employees if they are offered to any employee.

Accepted Answer

A) True 
 B)False

Question 11

A ___________approach is useful when serving and retaining existing accounts is emphasized more than generating new sales and accounts.

Accepted Answer

A) straight commission 
B) salary only 
C) salary plus commission 
D) salary draw 
A) straight commission 
B) salary only 
C) salary plus commission 
D) salary draw

Question 12

Which of the following benefits are not mandated by federal legislation?

Accepted Answer

A) pension plan coverage and transferability between employers 
B) social security 
C) unemployment insurance 
D) workers' compensation insurance 
A) pension plan coverage and transferability between employers 
B) social security 
C) unemployment insurance 
D) workers' compensation insurance

Question 13

Workers' compensation is _______________.

Accepted Answer

A) the pay and benefits package provided to employees 
B) benefits provided to persons injured on the job 
C) lawsuit judgments awarded to workers injured on the job 
D) what a worker receives in compensation for outstanding performance 
A) the pay and benefits package provided to employees 
B) benefits provided to persons injured on the job 
C) lawsuit judgments awarded to workers injured on the job 
D) what a worker receives in compensation for outstanding performance

Question 14

Employer-provided thrift plans, savings plans, and stock investment plans are considered_________

Accepted Answer

A)  financial services 
B) family-oriented benefits 
C)  mandated benefits 
D)  health services 
A)  financial services 
B) family-oriented benefits 
C)  mandated benefits 
D)  health services

Question 15

An annual "personal statement of benefits" _______________.

Accepted Answer

A) is a report required by ERISA 
B) shows each employee how much his/her benefits are worth 
C) is a tool that allows employees to choose the type of benefits that best fits their personal needs 
D) is given to an employee upon termination so that he/she is informed on COBRA, severance pay, unemployment compensation, and other continuing benefits 
A) is a report required by ERISA 
B) shows each employee how much his/her benefits are worth 
C) is a tool that allows employees to choose the type of benefits that best fits their personal needs 
D) is given to an employee upon termination so that he/she is informed on COBRA, severance pay, unemployment compensation, and other continuing benefits

Question 16

________________is a security benefit voluntarily offered by employers to employees who lose their jobs.

Accepted Answer

A) Unemployment insurance 
B) Supplemental unemployment benefit 
C) Severance pay 
D) Family security 
A) Unemployment insurance 
B) Supplemental unemployment benefit 
C) Severance pay 
D) Family security

Question 17

Social security can be classified as a/an ______________benefit.

Accepted Answer

A) voluntary 
B) insurance 
C) security 
D) retirement 
A) voluntary 
B) insurance 
C) security 
D) retirement

Question 18

A major advantage of benefits is that they are generally not taxed as income to employees.

Accepted Answer

A) True 
 B)False

Question 19

The taxes an employer pays to unemployment compensation funds are determined by _______________.

Accepted Answer

A) experience rates 
B) the size of the organization 
C) the employer's turnover rate 
D) provisions in the Social Security Act of 1935 
A) experience rates 
B) the size of the organization 
C) the employer's turnover rate 
D) provisions in the Social Security Act of 1935

Question 20

Many employers are turning to consumer-driven health (CDH) plans, which place more of the
control over employee health care with the employer.

Accepted Answer

A) True 
 B)False

_______________ is a type of organization-wide variable pay plan.

In a health savings account, _______________.

A disadvantage to profit-sharing plans is that _______________.

Retirement programs established and funded by employers and employees are _______________.

A co-payment strategy requires employees to pay a portion of the cost of insurance premiums, medical care, and prescription drugs.

Describe the various methods of compensating sales employees.

One of the main objectives that organizations have for pay-for-performance plans is to _______________.

Special incentive programs focus on rewarding lower-performing individuals in an attempt to motivate and encourage improved performance.

The Family and Medical Leave Act of 1993 requires that employers allow eligible employees to take a total of ______________during any period.

ERISA requires many companies to offer retirement plans to all employees if they are offered to any employee.

A ___________approach is useful when serving and retaining existing accounts is emphasized more than generating new sales and accounts.

Which of the following benefits are not mandated by federal legislation?

Workers' compensation is _______________.

Employer-provided thrift plans, savings plans, and stock investment plans are considered_________

An annual "personal statement of benefits" _______________.

________________is a security benefit voluntarily offered by employers to employees who lose their jobs.

Social security can be classified as a/an ______________benefit.

A major advantage of benefits is that they are generally not taxed as income to employees.

The taxes an employer pays to unemployment compensation funds are determined by _______________.

Many employers are turning to consumer-driven health (CDH) plans, which place more of the control over employee health care with the employer.

Human Resource Managements Role and Strategic Nature

Equal Employment Opportunity

Individualshr Planningjob Analysis

Staffing: Recruiting and Selection

Training and Talent Management

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management and Employee Relations

Labor Relations

Filters

Exam 8: Variable Pay and Benefits

_______________ is a type of organization-wide variable pay plan.

In a health savings account, _______________.

A disadvantage to profit-sharing plans is that _______________.

Retirement programs established and funded by employers and employees are _______________.

A co-payment strategy requires employees to pay a portion of the cost of insurance premiums, medical care, and prescription drugs.

Describe the various methods of compensating sales employees.

One of the main objectives that organizations have for pay-for-performance plans is to _______________.

Special incentive programs focus on rewarding lower-performing individuals in an attempt to motivate and encourage improved performance.

The Family and Medical Leave Act of 1993 requires that employers allow eligible employees to take a total of ______________during any period.

ERISA requires many companies to offer retirement plans to all employees if they are offered to any employee.

A ___________approach is useful when serving and retaining existing accounts is emphasized more than generating new sales and accounts.

Which of the following benefits are not mandated by federal legislation?

Workers' compensation is _______________.

Employer-provided thrift plans, savings plans, and stock investment plans are considered_________

An annual "personal statement of benefits" _______________.

________________is a security benefit voluntarily offered by employers to employees who lose their jobs.

Social security can be classified as a/an ______________benefit.

A major advantage of benefits is that they are generally not taxed as income to employees.

The taxes an employer pays to unemployment compensation funds are determined by _______________.

Many employers are turning to consumer-driven health (CDH) plans, which place more of the control over employee health care with the employer.

Human Resource Managements Role and Strategic Nature

Equal Employment Opportunity

Individualshr Planningjob Analysis

Staffing: Recruiting and Selection

Training and Talent Management

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management and Employee Relations

Labor Relations

Filters