Question 1

Defined benefits plans,defined contribution plans and hybrid plans are types of health insurance funding plans. (Income Protection Programs)

Accepted Answer

A) True 
 B)False

Question 2

Companies can generally choose from which four programs for financing their discretionary benefits plans. (Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) Noncontributory, contributory, employee-financed, a combination of the other three 
B) Managed care, contributory, employee-financed, a combination of the other three 
C) Employee-financed, contributory , managed care, a combination of the other three 
D) Managed care, contributory, employee-financed, noncontributory 
A) Noncontributory, contributory, employee-financed, a combination of the other three 
B) Managed care, contributory, employee-financed, a combination of the other three 
C) Employee-financed, contributory , managed care, a combination of the other three 
D) Managed care, contributory, employee-financed, noncontributory

Question 3

ERISA does not apply to public sector retirement plans. (Legal and Regulatory Influences on Discretionary Benefits Practices)

Accepted Answer

A) True 
 B)False

Question 4

What are the four main classes of health insurance programs that employers have to choose from to offer its' employees? (Health Protection Programs)

Accepted Answer

A) Fee-for-service plans, managed care plans, point-of-service plans, consumer-driven plans 
B) Consumer-driven plans, point-of-service plans, managed care plans, fee-for-service plans, person-focused plans 
C) Fee-for-service plans, person-focused plans, point-of-service plans, point-of-service plans 
D) Point-of-service plans, consumer-driven plans, managed care plans, person-focused plans 
A) Fee-for-service plans, managed care plans, point-of-service plans, consumer-driven plans 
B) Consumer-driven plans, point-of-service plans, managed care plans, fee-for-service plans, person-focused plans 
C) Fee-for-service plans, person-focused plans, point-of-service plans, point-of-service plans 
D) Point-of-service plans, consumer-driven plans, managed care plans, person-focused plans

Question 5

In which social context were workers' compensation laws enacted? (State Compulsory Disability Laws (Workers' Compensation))

Accepted Answer

A) Post Depression 
B) Post WWII 
C) Industrial expansion in the early 1900s 
D) Turn of the 20th century 
A) Post Depression 
B) Post WWII 
C) Industrial expansion in the early 1900s 
D) Turn of the 20th century

Question 6

Benefits are defined as compensation that includes wages and salary as well as other services. (Defining Employee Benefits)

Accepted Answer

A) True 
 B)False

Question 7

Protection programs provide health benefits. (Health Protection Programs)

Accepted Answer

A) True 
 B)False

Question 8

Discuss the impact of recent demographic changes in labor markets (e.g.,influx of female,ethnic minority,or older workers)on the benefit strategy of companies. (Changing Demographics of the Labor Force)

Accepted Answer

Main Points
● Increasing numbers of fema

Question 9

Which of the following is not an example of features of a benefit plan? (Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) Flexible benefits 
B) Eligibility 
C) Waiting period 
D) Employee choice 
A) Flexible benefits 
B) Eligibility 
C) Waiting period 
D) Employee choice

Question 10

Employees are most likely to endorse benefits that fulfill their needs. (Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) True 
 B)False

Question 11

Which two make up the internal environmental factors? (Internal Environment)

Accepted Answer

A) Labor force demographics, governmental regulations 
B) Mergers and acquisitions, labor force demographics 
C) Governmental regulations, collective bargaining agreements 
D) Workforce demographics, collective bargaining agreements 
A) Labor force demographics, governmental regulations 
B) Mergers and acquisitions, labor force demographics 
C) Governmental regulations, collective bargaining agreements 
D) Workforce demographics, collective bargaining agreements

Question 12

These two federal laws form the basis for legally required benefits. (Legally Required Benefits)

Accepted Answer

A) Social Security Act & Civil Rights Act 
B) Family and Medical Leave Act & Civil Rights Act 
C) Social Security Act & Family and Medical Leave Act 
D) Equal Employment Act & Social Security Act 
A) Social Security Act & Civil Rights Act 
B) Family and Medical Leave Act & Civil Rights Act 
C) Social Security Act & Family and Medical Leave Act 
D) Equal Employment Act & Social Security Act

Question 13

The top-down approach to strategic benefits planning is a reactive process that evaluates the benefits program only after problems arise. (Approaches to Strategic Benefit Planning)

Accepted Answer

A) True 
 B)False

Question 14

Which three are the three fundamental roles that characterize discretionary benefits? (Discretionary Benefits)

Accepted Answer

A) Protection programs, paid time-off, retirement programs 
B) Protection programs, paid time-off, accommodation and enhancement programs 
C) Paid time-off, accommodation and enhancement programs, retirement programs 
D) Retirement programs, protection programs and accommodation and enhancement programs 
A) Protection programs, paid time-off, retirement programs 
B) Protection programs, paid time-off, accommodation and enhancement programs 
C) Paid time-off, accommodation and enhancement programs, retirement programs 
D) Retirement programs, protection programs and accommodation and enhancement programs

Question 15

Strategic decisions support the fulfillment of tactical decisions. (Basic Strategic Planning Concepts)

Accepted Answer

A) True 
 B)False

Question 16

Vacations are a type of accommodation benefit. (Paid Time-Off)

Accepted Answer

A) True 
 B)False

Question 17

Cafeteria plans enable employees to choose from among a set of benefits and different levels of these benefits. (Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) True 
 B)False

Question 18

Flexible benefits allow employees to do which of the following? (Basic Design Considerations for Discretionary Benefits)

Accepted Answer

A) Choose which benefits they want and at what level 
B) Only choose the level of benefits they want 
C) Only choose which benefits they want 
D) Choose whether they want all base pay or pay and benefits 
A) Choose which benefits they want and at what level 
B) Only choose the level of benefits they want 
C) Only choose which benefits they want 
D) Choose whether they want all base pay or pay and benefits

Question 19

Flexible work schedules are considered part of accommodation and enhancement benefits packages. (Defining Employee Benefits)

Accepted Answer

A) True 
 B)False

Question 20

Core compensation is another name for monetary rewards. (Employee Benefits in the Total Compensation Scheme)

Accepted Answer

A) True 
 B)False

Defined benefits plans,defined contribution plans and hybrid plans are types of health insurance funding plans. (Income Protection Programs)

Companies can generally choose from which four programs for financing their discretionary benefits plans. (Basic Design Considerations for Discretionary Benefits)

ERISA does not apply to public sector retirement plans. (Legal and Regulatory Influences on Discretionary Benefits Practices)

What are the four main classes of health insurance programs that employers have to choose from to offer its' employees? (Health Protection Programs)

In which social context were workers' compensation laws enacted? (State Compulsory Disability Laws (Workers' Compensation))

Benefits are defined as compensation that includes wages and salary as well as other services. (Defining Employee Benefits)

Protection programs provide health benefits. (Health Protection Programs)

Discuss the impact of recent demographic changes in labor markets (e.g.,influx of female,ethnic minority,or older workers)on the benefit strategy of companies. (Changing Demographics of the Labor Force)

Which of the following is not an example of features of a benefit plan? (Basic Design Considerations for Discretionary Benefits)

Employees are most likely to endorse benefits that fulfill their needs. (Basic Design Considerations for Discretionary Benefits)

Which two make up the internal environmental factors? (Internal Environment)

These two federal laws form the basis for legally required benefits. (Legally Required Benefits)

The top-down approach to strategic benefits planning is a reactive process that evaluates the benefits program only after problems arise. (Approaches to Strategic Benefit Planning)

Which three are the three fundamental roles that characterize discretionary benefits? (Discretionary Benefits)

Strategic decisions support the fulfillment of tactical decisions. (Basic Strategic Planning Concepts)

Vacations are a type of accommodation benefit. (Paid Time-Off)

Cafeteria plans enable employees to choose from among a set of benefits and different levels of these benefits. (Basic Design Considerations for Discretionary Benefits)

Flexible benefits allow employees to do which of the following? (Basic Design Considerations for Discretionary Benefits)

Flexible work schedules are considered part of accommodation and enhancement benefits packages. (Defining Employee Benefits)

Core compensation is another name for monetary rewards. (Employee Benefits in the Total Compensation Scheme)

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

Defined benefits plans,defined contribution plans and hybrid plans are types of health insurance funding plans. (Income Protection Programs)

Companies can generally choose from which four programs for financing their discretionary benefits plans. (Basic Design Considerations for Discretionary Benefits)

ERISA does not apply to public sector retirement plans. (Legal and Regulatory Influences on Discretionary Benefits Practices)

What are the four main classes of health insurance programs that employers have to choose from to offer its' employees? (Health Protection Programs)

In which social context were workers' compensation laws enacted? (State Compulsory Disability Laws (Workers' Compensation))

Benefits are defined as compensation that includes wages and salary as well as other services. (Defining Employee Benefits)

Protection programs provide health benefits. (Health Protection Programs)

Discuss the impact of recent demographic changes in labor markets (e.g.,influx of female,ethnic minority,or older workers)on the benefit strategy of companies. (Changing Demographics of the Labor Force)

Which of the following is not an example of features of a benefit plan? (Basic Design Considerations for Discretionary Benefits)

Employees are most likely to endorse benefits that fulfill their needs. (Basic Design Considerations for Discretionary Benefits)

Which two make up the internal environmental factors? (Internal Environment)

These two federal laws form the basis for legally required benefits. (Legally Required Benefits)

The top-down approach to strategic benefits planning is a reactive process that evaluates the benefits program only after problems arise. (Approaches to Strategic Benefit Planning)

Which three are the three fundamental roles that characterize discretionary benefits? (Discretionary Benefits)

Strategic decisions support the fulfillment of tactical decisions. (Basic Strategic Planning Concepts)

Vacations are a type of accommodation benefit. (Paid Time-Off)

Cafeteria plans enable employees to choose from among a set of benefits and different levels of these benefits. (Basic Design Considerations for Discretionary Benefits)

Flexible benefits allow employees to do which of the following? (Basic Design Considerations for Discretionary Benefits)

Flexible work schedules are considered part of accommodation and enhancement benefits packages. (Defining Employee Benefits)

Core compensation is another name for monetary rewards. (Employee Benefits in the Total Compensation Scheme)

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