Question 1

Employer choice of discretionary benefits does not depend on: (Government Regulation of Employee Benefits)

Accepted Answer

A) Economic considerations 
B) Adequacy of legally required benefits 
C) Employee expectations 
D) Government mandates 
A) Economic considerations 
B) Adequacy of legally required benefits 
C) Employee expectations 
D) Government mandates D

Question 2

Briefly describe various legal and regulatory influences on discretionary benefits. (Legal and Regulatory Influences on Discretionary Benefits Practices)

Accepted Answer

Main Points
● Necessary to distinguish between "private sector" employers and governmental employers - different regulations influence discretionary benefits practices in these two sectors.
● In 2011,private sector companies employed 109 million US civilian employees,mostly for-profit
● Conflicting goals between employers and employees necessitate laws and regulations to protect employees
● Prior to 1930,employees had no rights
● Before 1974,employees could lose retirement benefits
● Regulations such as Social Security Act of 1935 and ERISA of 1974 protect employees from this today
● Public sector employers include US federal,state and local entities
● Approximately 22 million employees in this sector in three braches - executive,judicial,legislative
● Government employers must operate within a budget to provide pay and benefits to employees.
● ERISA does not apply to public sector retirement plans

Question 3

Union workers cannot negotiate paid time off benefits. (Paid Time-Off)

Accepted Answer

A) True 
 B)False  False

Question 4

Incentive-pay rewards employees for completely attaining predetermined work objectives. (Adjustments to Core Compensation)

Accepted Answer

A) True 
 B)False

Question 5

Unemployment insurance is funded solely by the Federal Unemployment Tax Act (FUTA). (Government Regulation of Employee Benefits)

Accepted Answer

A) True 
 B)False

Question 6

Which is the following is NOT the reason for companies to adopt various benefits plans? (Defining and Exploring Employee Benefits)

Accepted Answer

A) Government regulation/mandates 
B) Favorable tax treatments 
C) Attracting and retaining best employees 
D) Reducing labor cost 
A) Government regulation/mandates 
B) Favorable tax treatments 
C) Attracting and retaining best employees 
D) Reducing labor cost

Question 7

Briefly describe the origins of employee benefits in the US. (Origins of Employee Benefits)

Accepted Answer

Main Points
● Different forces led to ri

Question 8

Workers' compensation laws are state laws. (State Compulsory Disability Laws (Workers' Compensation))

Accepted Answer

A) True 
 B)False

Question 9

In 2011,what was the average total employer compensation costs for private industry workers? (Employer Costs for Compensation and Benefits)

Accepted Answer

A) $30.11 
B) $20.91 
C) $35.50 
D) 28.24 
A) $30.11 
B) $20.91 
C) $35.50 
D) 28.24

Question 10

In financing discretionary benefits,employers always pay the total cost incurred. (Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) True 
 B)False

Question 11

The Federal Insurance Contributions Act (FICA)helps support the Old-Age,Survivor,and Disability Insurance (OASDI). (Government Regulation of Employee Benefits)

Accepted Answer

A) True 
 B)False

Question 12

Information for strategic benefits planning comes from these two environments. (Information Used in Strategic Benefit Planning)

Accepted Answer

A) External company & internal market 
B) External market & internal company 
C) Internal market & external market 
D) Internal company & external company 
A) External company & internal market 
B) External market & internal company 
C) Internal market & external market 
D) Internal company & external company

Question 13

The Social Security Act was enacted due to the effects of WWII. (The Social Security Act of 1935)

Accepted Answer

A) True 
 B)False

Question 14

Incentive-pay is a permanent increase of compensation based on individual goal achievement. (Adjustments to Core Compensation)

Accepted Answer

A) True 
 B)False

Question 15

Workers' compensation insurance programs,run by the federal government,are designed to cover employee expenses incurred in work-related accidents and injuries. (State Compulsory Disability Laws (Workers' Compensation))

Accepted Answer

A) True 
 B)False

Question 16

Life insurance programs protect employees' families in the event of untimely illness. (Income Protection Programs)

Accepted Answer

A) True 
 B)False

Question 17

Since the 1940s,companies have expanded their discretionary benefits as an alternative to wage increase or as a motivational tool. (Origins of Employee Benefits)

Accepted Answer

A) True 
 B)False

Question 18

The Social Security Act of 1935 set up which two programs? (The Social Security Act of 1935)

Accepted Answer

A) Retirement income & unemployment insurance 
B) Medicare & disability insurance 
C) Disability insurance & retirement income 
D) Unemployment insurance & Medicare 
A) Retirement income & unemployment insurance 
B) Medicare & disability insurance 
C) Disability insurance & retirement income 
D) Unemployment insurance & Medicare

Question 19

The Family and Medical Leave Act (FMLA)permits employees which of the following? (The Family and Medical Leave Act of 1993)

Accepted Answer

A) 12 work weeks of paid leave during any 12-month period 
B) 10 work weeks of paid leave during any 12-month period 
C) 12 work weeks of unpaid leave during any 12-month period 
D) 10 work weeks of unpaid leave during any 12-month period 
A) 12 work weeks of paid leave during any 12-month period 
B) 10 work weeks of paid leave during any 12-month period 
C) 12 work weeks of unpaid leave during any 12-month period 
D) 10 work weeks of unpaid leave during any 12-month period

Question 20

The existence of labor union has limited the use of welfare practices by companies. (Origins of Employee Benefits)

Accepted Answer

A) True 
 B)False

Employer choice of discretionary benefits does not depend on: (Government Regulation of Employee Benefits)

Briefly describe various legal and regulatory influences on discretionary benefits. (Legal and Regulatory Influences on Discretionary Benefits Practices)

Union workers cannot negotiate paid time off benefits. (Paid Time-Off)

Incentive-pay rewards employees for completely attaining predetermined work objectives. (Adjustments to Core Compensation)

Unemployment insurance is funded solely by the Federal Unemployment Tax Act (FUTA). (Government Regulation of Employee Benefits)

Which is the following is NOT the reason for companies to adopt various benefits plans? (Defining and Exploring Employee Benefits)

Briefly describe the origins of employee benefits in the US. (Origins of Employee Benefits)

Workers' compensation laws are state laws. (State Compulsory Disability Laws (Workers' Compensation))

In 2011,what was the average total employer compensation costs for private industry workers? (Employer Costs for Compensation and Benefits)

In financing discretionary benefits,employers always pay the total cost incurred. (Basic Design Considerations for Discretionary Benefits)

The Federal Insurance Contributions Act (FICA)helps support the Old-Age,Survivor,and Disability Insurance (OASDI). (Government Regulation of Employee Benefits)

Information for strategic benefits planning comes from these two environments. (Information Used in Strategic Benefit Planning)

The Social Security Act was enacted due to the effects of WWII. (The Social Security Act of 1935)

Incentive-pay is a permanent increase of compensation based on individual goal achievement. (Adjustments to Core Compensation)

Workers' compensation insurance programs,run by the federal government,are designed to cover employee expenses incurred in work-related accidents and injuries. (State Compulsory Disability Laws (Workers' Compensation))

Life insurance programs protect employees' families in the event of untimely illness. (Income Protection Programs)

Since the 1940s,companies have expanded their discretionary benefits as an alternative to wage increase or as a motivational tool. (Origins of Employee Benefits)

The Social Security Act of 1935 set up which two programs? (The Social Security Act of 1935)

The Family and Medical Leave Act (FMLA)permits employees which of the following? (The Family and Medical Leave Act of 1993)

The existence of labor union has limited the use of welfare practices by companies. (Origins of Employee Benefits)

The Psychology and Economics of Employee Benefits

Regulating Employee Benefits

Employer-Sponsored Retirement Plans

Employer-Sponsored Health Insurance Programs

Employer-Sponsored Disability Insurance,life Insurance,and Workers Compensation Programs

Government-Mandated Social Security Programs

Paid Time-Off and Flexible Work Schedules

Accommodation and Enhancement Benefits

Managing the Employee-Benefits System

Nonqualified Deferred Compensation Plans for Executives

Global Employee Benefits at a Glance

Filters

Exam 1: Introducing Employee Benefits

Employer choice of discretionary benefits does not depend on: (Government Regulation of Employee Benefits)

Briefly describe various legal and regulatory influences on discretionary benefits. (Legal and Regulatory Influences on Discretionary Benefits Practices)

Union workers cannot negotiate paid time off benefits. (Paid Time-Off)

Incentive-pay rewards employees for completely attaining predetermined work objectives. (Adjustments to Core Compensation)

Unemployment insurance is funded solely by the Federal Unemployment Tax Act (FUTA). (Government Regulation of Employee Benefits)

Which is the following is NOT the reason for companies to adopt various benefits plans? (Defining and Exploring Employee Benefits)

Briefly describe the origins of employee benefits in the US. (Origins of Employee Benefits)

Workers' compensation laws are state laws. (State Compulsory Disability Laws (Workers' Compensation))

In 2011,what was the average total employer compensation costs for private industry workers? (Employer Costs for Compensation and Benefits)

In financing discretionary benefits,employers always pay the total cost incurred. (Basic Design Considerations for Discretionary Benefits)

The Federal Insurance Contributions Act (FICA)helps support the Old-Age,Survivor,and Disability Insurance (OASDI). (Government Regulation of Employee Benefits)

Information for strategic benefits planning comes from these two environments. (Information Used in Strategic Benefit Planning)

The Social Security Act was enacted due to the effects of WWII. (The Social Security Act of 1935)

Incentive-pay is a permanent increase of compensation based on individual goal achievement. (Adjustments to Core Compensation)

Workers' compensation insurance programs,run by the federal government,are designed to cover employee expenses incurred in work-related accidents and injuries. (State Compulsory Disability Laws (Workers' Compensation))

Life insurance programs protect employees' families in the event of untimely illness. (Income Protection Programs)

Since the 1940s,companies have expanded their discretionary benefits as an alternative to wage increase or as a motivational tool. (Origins of Employee Benefits)

The Social Security Act of 1935 set up which two programs? (The Social Security Act of 1935)

The Family and Medical Leave Act (FMLA)permits employees which of the following? (The Family and Medical Leave Act of 1993)

The existence of labor union has limited the use of welfare practices by companies. (Origins of Employee Benefits)

The Psychology and Economics of Employee Benefits

Regulating Employee Benefits

Employer-Sponsored Retirement Plans

Employer-Sponsored Health Insurance Programs

Employer-Sponsored Disability Insurance,life Insurance,and Workers Compensation Programs

Government-Mandated Social Security Programs

Paid Time-Off and Flexible Work Schedules

Accommodation and Enhancement Benefits

Managing the Employee-Benefits System

Nonqualified Deferred Compensation Plans for Executives

Global Employee Benefits at a Glance

Filters