Question 1

Employees' knowledge and skills are said to generate human capital for firms and are the basis for incentive-pay. (Adjustments to Core Competition)

Accepted Answer

A) True 
 B)False

Question 2

Nonmonetary compensation includes protection programs,paid time off and services. (Employee Benefits in the Total Compensation Scheme)

Accepted Answer

A) True 
 B)False

Question 3

Health insurance is a legally required benefit for all private sector employers? (Health Protection Programs)

Accepted Answer

A) True 
 B)False

Question 4

Commission payments are examples of which type of core compensation package? (Adjustments to Core Compensation)

Accepted Answer

A) Incentive pay 
B) Merit pay 
C) Person-focused pay 
D) Seniority pay 
A) Incentive pay 
B) Merit pay 
C) Person-focused pay 
D) Seniority pay

Question 5

Strategic benefit plans emphasize short-term changes in how a company's benefit plan operates. (Basic Strategic Planning Concepts)

Accepted Answer

A) True 
 B)False

Question 6

Discuss the influence of external economic conditions on strategic benefits planning of companies. (External Environment)

Accepted Answer

Main Points
● Factors outside the direct

Question 7

Discretionary benefits can be categorized into programs that (Discretionary Benefits)

Accepted Answer

A) Protect health and income, provide job security, provide accommodation and enhancement benefits 
B) Provide job security, protect health and income, allow for paid time-off 
C) Protect health and income, allow for paid time-off, provide accommodation and enhancement benefits 
D) Provide job security, allow for paid time-off, provide accommodation and enhancement benefits 
A) Protect health and income, provide job security, provide accommodation and enhancement benefits 
B) Provide job security, protect health and income, allow for paid time-off 
C) Protect health and income, allow for paid time-off, provide accommodation and enhancement benefits 
D) Provide job security, allow for paid time-off, provide accommodation and enhancement benefits

Question 8

Which of the following is not a fundamental employee goal? (Legal and Regulatory Influences on Discretionary Benefits Practices)

Accepted Answer

A) High wages 
B) Leadership 
C) Job security 
D) Safe working conditions 
A) High wages 
B) Leadership 
C) Job security 
D) Safe working conditions

Question 9

The Fair Labor Standards Act first legitimized bargaining for employee benefits. (Origins of Employee Benefits)

Accepted Answer

A) True 
 B)False

Question 10

Compensation levels are established based on employee age. (Adjustments to Core Compensation)

Accepted Answer

A) True 
 B)False

Question 11

In 2011,about how many million persons were employed by private-sector companies? (Legal and Regulatory Influences on Discretionary Benefits Practices)

Accepted Answer

A) 90 million 
B) 109 million 
C) 118 million 
D) 125 million 
A) 90 million 
B) 109 million 
C) 118 million 
D) 125 million

Question 12

Which of the following are considered the five core compensation elements? (Adjustments to Core Compensation)

Accepted Answer

A) COLAs, seniority pay, merit pay, incentive pay, person-focused pay 
B) Merit pay, seniority pay, COLAs, incentive pay, base pay 
C) Seniority pay, person-focused pay, incentive pay, base pay, COLAs 
D) Base pay, person-focused pay, merit pay, incentive pay, seniority pay 
A) COLAs, seniority pay, merit pay, incentive pay, person-focused pay 
B) Merit pay, seniority pay, COLAs, incentive pay, base pay 
C) Seniority pay, person-focused pay, incentive pay, base pay, COLAs 
D) Base pay, person-focused pay, merit pay, incentive pay, seniority pay

Question 13

Employer-sponsored disability insurance is less encompassing than workers' compensation. (Disability Insurance)

Accepted Answer

A) True 
 B)False

Question 14

What is another name for a pay-for-knowledge plan? (Adjustments to Core Compensation)

Accepted Answer

A) Merit-pay 
B) Person-focused pay 
C) Seniority-pay 
D) Incentive-pay 
A) Merit-pay 
B) Person-focused pay 
C) Seniority-pay 
D) Incentive-pay

Question 15

Total compensation represents both monetary and nonmonetary rewards. (Employee Benefits in the Total Compensation Scheme)

Accepted Answer

A) True 
 B)False

Question 16

Cost-of-living adjustments (COLAs)are based on changes in prices as indexed by the consumer price index. (Adjustments to Core Compensation)

Accepted Answer

A) True 
 B)False

Question 17

Which of the following are the three main types of retirement programs that companies can offer? (Income Protection Programs)

Accepted Answer

A) Employee-financed plans, defined benefits plans, hybrid plans 
B) Hybrid plans defined contribution plans employee-financed plans 
C) Defined contribution plans, employee-financed plans, defined benefits plans 
D) Defined contribution plans, defined benefits plans, hybrid plans 
A) Employee-financed plans, defined benefits plans, hybrid plans 
B) Hybrid plans defined contribution plans employee-financed plans 
C) Defined contribution plans, employee-financed plans, defined benefits plans 
D) Defined contribution plans, defined benefits plans, hybrid plans

Question 18

Merit-pay rewards employees according to their job performance. (Adjustments to Core Compensation)

Accepted Answer

A) True 
 B)False

Question 19

Benefits are a central strategy in attracting and retaining desired employees. (Basic Strategic Planning Concepts)

Accepted Answer

A) True 
 B)False

Question 20

Which of the following factors are used for strategic benefits planning? (External Environment)

Accepted Answer

A) Government regulations 
B) Economic conditions 
C) Labor force changes 
D) All of the above 
A) Government regulations 
B) Economic conditions 
C) Labor force changes 
D) All of the above

Employees' knowledge and skills are said to generate human capital for firms and are the basis for incentive-pay. (Adjustments to Core Competition)

Nonmonetary compensation includes protection programs,paid time off and services. (Employee Benefits in the Total Compensation Scheme)

Health insurance is a legally required benefit for all private sector employers? (Health Protection Programs)

Commission payments are examples of which type of core compensation package? (Adjustments to Core Compensation)

Strategic benefit plans emphasize short-term changes in how a company's benefit plan operates. (Basic Strategic Planning Concepts)

Discuss the influence of external economic conditions on strategic benefits planning of companies. (External Environment)

Discretionary benefits can be categorized into programs that (Discretionary Benefits)

Which of the following is not a fundamental employee goal? (Legal and Regulatory Influences on Discretionary Benefits Practices)

The Fair Labor Standards Act first legitimized bargaining for employee benefits. (Origins of Employee Benefits)

Compensation levels are established based on employee age. (Adjustments to Core Compensation)

In 2011,about how many million persons were employed by private-sector companies? (Legal and Regulatory Influences on Discretionary Benefits Practices)

Which of the following are considered the five core compensation elements? (Adjustments to Core Compensation)

Employer-sponsored disability insurance is less encompassing than workers' compensation. (Disability Insurance)

What is another name for a pay-for-knowledge plan? (Adjustments to Core Compensation)

Total compensation represents both monetary and nonmonetary rewards. (Employee Benefits in the Total Compensation Scheme)

Cost-of-living adjustments (COLAs)are based on changes in prices as indexed by the consumer price index. (Adjustments to Core Compensation)

Which of the following are the three main types of retirement programs that companies can offer? (Income Protection Programs)

Merit-pay rewards employees according to their job performance. (Adjustments to Core Compensation)

Benefits are a central strategy in attracting and retaining desired employees. (Basic Strategic Planning Concepts)

Which of the following factors are used for strategic benefits planning? (External Environment)

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

Employees' knowledge and skills are said to generate human capital for firms and are the basis for incentive-pay. (Adjustments to Core Competition)

Nonmonetary compensation includes protection programs,paid time off and services. (Employee Benefits in the Total Compensation Scheme)

Health insurance is a legally required benefit for all private sector employers? (Health Protection Programs)

Commission payments are examples of which type of core compensation package? (Adjustments to Core Compensation)

Strategic benefit plans emphasize short-term changes in how a company's benefit plan operates. (Basic Strategic Planning Concepts)

Discuss the influence of external economic conditions on strategic benefits planning of companies. (External Environment)

Discretionary benefits can be categorized into programs that (Discretionary Benefits)

Which of the following is not a fundamental employee goal? (Legal and Regulatory Influences on Discretionary Benefits Practices)

The Fair Labor Standards Act first legitimized bargaining for employee benefits. (Origins of Employee Benefits)

Compensation levels are established based on employee age. (Adjustments to Core Compensation)

In 2011,about how many million persons were employed by private-sector companies? (Legal and Regulatory Influences on Discretionary Benefits Practices)

Which of the following are considered the five core compensation elements? (Adjustments to Core Compensation)

Employer-sponsored disability insurance is less encompassing than workers' compensation. (Disability Insurance)

What is another name for a pay-for-knowledge plan? (Adjustments to Core Compensation)

Total compensation represents both monetary and nonmonetary rewards. (Employee Benefits in the Total Compensation Scheme)

Cost-of-living adjustments (COLAs)are based on changes in prices as indexed by the consumer price index. (Adjustments to Core Compensation)

Which of the following are the three main types of retirement programs that companies can offer? (Income Protection Programs)

Merit-pay rewards employees according to their job performance. (Adjustments to Core Compensation)

Benefits are a central strategy in attracting and retaining desired employees. (Basic Strategic Planning Concepts)

Which of the following factors are used for strategic benefits planning? (External Environment)

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