Question 1

What are the eligibility requirements for unemployment insurance?

Accepted Answer

All workers except a few agricultural and domestic workers are currently covered by unemployment insurance (UI) laws.The eligibility requirements to receive benefits are as follows:
•You must meet the state requirements for wages earned or time worked during an established (one year) period of time referred to as a "base period."
•You must be determined to be unemployed through no fault of your own [determined under state law], and meet other eligibility requirements of state law.

Question 2

_____ is designed to lessen an employer's ability to deny coverage to an employee for a preexisting condition.

Accepted Answer

A) COBRA 
B) OSHA 
C) HIPPA 
D) FMLA 
A) COBRA 
B) OSHA 
C) HIPPA 
D) FMLA C

Question 3

The Social Security Act has been designed and amended to provide a foundation of basic financial security for American workers and their families.

Accepted Answer

A) True 
 B)False  True

Question 4

The Pension Benefit Guarantee Corporation guarantees payment of vested benefits to employees formerly covered by terminated pension plans.

Accepted Answer

A) True 
 B)False

Question 5

Jacob, an 18-year-old, has been working at HoldVille Corp.for over a year.If HoldVille offers full vesting after one year, which of the following statements is true?

Accepted Answer

A) Jacob is eligible for full pension as he has worked for over a year at HoldVille. 
B) Jacob is not eligible for pension as he is not over 21. 
C) Jacob is eligible for 20 percent of his pension if he has dependents. 
D) Jacob is not eligible for a pension if he quits of his own volition. 
A) Jacob is eligible for full pension as he has worked for over a year at HoldVille. 
B) Jacob is not eligible for pension as he is not over 21. 
C) Jacob is eligible for 20 percent of his pension if he has dependents. 
D) Jacob is not eligible for a pension if he quits of his own volition.

Question 6

All employers with less than 20 employees must comply with the Consolidated Omnibus Budget Reconciliation Act.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is a hybrid of defined benefit and defined contribution plans?

Accepted Answer

A) 401(k) plan 
B) Employee stock ownership plan 
C) Cash balance plan 
D) Profit-sharing plan 
A) 401(k) plan 
B) Employee stock ownership plan 
C) Cash balance plan 
D) Profit-sharing plan

Question 8

The majority of defined benefit plans calculate average earnings over the last _____ years of service for a prospective retiree.

Accepted Answer

A) 2 to 4 
B) 3 to 5 
C) 6 to 8 
D) 7 to 9 
A) 2 to 4 
B) 3 to 5 
C) 6 to 8 
D) 7 to 9

Question 9

Jim was a full-time student for four years, but he could not find a job after graduating.Jim is eligible to collect unemployment insurance.

Accepted Answer

A) True 
 B)False

Question 10

In the majority of the states, unemployment insurance is financed exclusively by:

Accepted Answer

A) joint contributions by employee unions. 
B) the philanthropy of co-workers. 
C) federal, state, and employee contributions. 
D) employers that pay federal and state unemployment insurance. 
A) joint contributions by employee unions. 
B) the philanthropy of co-workers. 
C) federal, state, and employee contributions. 
D) employers that pay federal and state unemployment insurance.

Question 11

What is the first question that should be asked when determining the amount of retirement income an employer should provide?

Accepted Answer

A) Should Social Security payments be factored in when considering the level of income an employee should have during retirement? 
B) How should seniority be factored into the payout formula? 
C) What level of retirement compensation would the employer like to set as a target, expressed in relation to pre-retirement earnings? 
D) Should other postretirement income sources be integrated with the pension payment? 
A) Should Social Security payments be factored in when considering the level of income an employee should have during retirement? 
B) How should seniority be factored into the payout formula? 
C) What level of retirement compensation would the employer like to set as a target, expressed in relation to pre-retirement earnings? 
D) Should other postretirement income sources be integrated with the pension payment?

Question 12

An employee who changes jobs four or more times during his or her career will likely receive a pension approximately _____ as that of an employee whose working career is spent with one employer, assuming that both employees have the same starting salary and receive annual increases equal to inflation rate.

Accepted Answer

A) twice as large 
B) the same size 
C) one-fourth the size 
D) half the size 
A) twice as large 
B) the same size 
C) one-fourth the size 
D) half the size

Question 13

Most employers prefer defined contribution pension plans to defined benefit plans.

Accepted Answer

A) True 
 B)False

Question 14

Vesting refers to the length of time an employee must work for an employer before he or she is entitled to employer payments made into a pension plan.

Accepted Answer

A) True 
 B)False

Question 15

An eligible unemployed person may now collect unemployment insurance benefits for 36 weeks in most states.

Accepted Answer

A) True 
 B)False

Question 16

Steve has a small company with 12 employees.One of his employees, Larry, has been laid off because his work has been outsourced.Larry had health coverage through Steve's company and wants to continue that coverage.According to COBRA, how long can Larry continue his coverage through Steve's company after being laid off?

Accepted Answer

A) 36 months 
B) 24 months 
C) 18 months 
D) 0 months 
A) 36 months 
B) 24 months 
C) 18 months 
D) 0 months

Question 17

Which of the following benefits is a federally administered program?

Accepted Answer

A) Workers' compensation 
B) Social Security 
C) Job security 
D) Occupational Safety and Health Act 
A) Workers' compensation 
B) Social Security 
C) Job security 
D) Occupational Safety and Health Act

Question 18

Experts attribute the decline in dollar cost of workers' compensation after 2005 relates to:

Accepted Answer

A) increased variable component of base wage. 
B) devaluation of the dollar. 
C) employer safety programs. 
D) relaxed federal regulations. 
A) increased variable component of base wage. 
B) devaluation of the dollar. 
C) employer safety programs. 
D) relaxed federal regulations.

Question 19

Which of the following is a feature of defined contribution plans?

Accepted Answer

A) They are faster to vest than defined benefit plans. 
B) They are characterized by high contribution rates. 
C) They are less portable than defined benefit plans. 
D) They are fully funded by employers. 
A) They are faster to vest than defined benefit plans. 
B) They are characterized by high contribution rates. 
C) They are less portable than defined benefit plans. 
D) They are fully funded by employers.

Question 20

Employees are the sole contributors to their cash balance plans.

Accepted Answer

A) True 
 B)False

What are the eligibility requirements for unemployment insurance?

_____ is designed to lessen an employer's ability to deny coverage to an employee for a preexisting condition.

The Social Security Act has been designed and amended to provide a foundation of basic financial security for American workers and their families.

The Pension Benefit Guarantee Corporation guarantees payment of vested benefits to employees formerly covered by terminated pension plans.

Jacob, an 18-year-old, has been working at HoldVille Corp.for over a year.If HoldVille offers full vesting after one year, which of the following statements is true?

All employers with less than 20 employees must comply with the Consolidated Omnibus Budget Reconciliation Act.

Which of the following is a hybrid of defined benefit and defined contribution plans?

The majority of defined benefit plans calculate average earnings over the last _____ years of service for a prospective retiree.

Jim was a full-time student for four years, but he could not find a job after graduating.Jim is eligible to collect unemployment insurance.

In the majority of the states, unemployment insurance is financed exclusively by:

What is the first question that should be asked when determining the amount of retirement income an employer should provide?

Most employers prefer defined contribution pension plans to defined benefit plans.

Vesting refers to the length of time an employee must work for an employer before he or she is entitled to employer payments made into a pension plan.

An eligible unemployed person may now collect unemployment insurance benefits for 36 weeks in most states.

Which of the following benefits is a federally administered program?

Experts attribute the decline in dollar cost of workers' compensation after 2005 relates to:

Which of the following is a feature of defined contribution plans?

Employees are the sole contributors to their cash balance plans.

Pay-For-Performance: The Evidence

Strategy: The Totality of Decisions

Defining Internal Alignment

R: 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

The Benefit Determination Process

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 13: Benefit Options

What are the eligibility requirements for unemployment insurance?

_____ is designed to lessen an employer's ability to deny coverage to an employee for a preexisting condition.

The Social Security Act has been designed and amended to provide a foundation of basic financial security for American workers and their families.

The Pension Benefit Guarantee Corporation guarantees payment of vested benefits to employees formerly covered by terminated pension plans.

Jacob, an 18-year-old, has been working at HoldVille Corp.for over a year.If HoldVille offers full vesting after one year, which of the following statements is true?

All employers with less than 20 employees must comply with the Consolidated Omnibus Budget Reconciliation Act.

Which of the following is a hybrid of defined benefit and defined contribution plans?

The majority of defined benefit plans calculate average earnings over the last _____ years of service for a prospective retiree.

Jim was a full-time student for four years, but he could not find a job after graduating.Jim is eligible to collect unemployment insurance.

In the majority of the states, unemployment insurance is financed exclusively by:

What is the first question that should be asked when determining the amount of retirement income an employer should provide?

Most employers prefer defined contribution pension plans to defined benefit plans.

Vesting refers to the length of time an employee must work for an employer before he or she is entitled to employer payments made into a pension plan.

An eligible unemployed person may now collect unemployment insurance benefits for 36 weeks in most states.

Which of the following benefits is a federally administered program?

Experts attribute the decline in dollar cost of workers' compensation after 2005 relates to:

Which of the following is a feature of defined contribution plans?

Employees are the sole contributors to their cash balance plans.

Pay-For-Performance: The Evidence

Strategy: The Totality of Decisions

Defining Internal Alignment

R: 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

The Benefit Determination Process

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