Question 1

Any indirect financial payments given to employees are known as

Accepted Answer

A)  financial incentives.
B)  stock options.
C)  perquisites.
D)  commissions.
E)  employee benefits. E

Question 2

Employers provide supplementary health care/medical insurance to provide protection for employees against all of the following costs except

Accepted Answer

A)  medical supplies.
B)  prescription drugs.
C)  physiotherapy.
D)  physician's fees.
E)  private duty nursing. D

Question 3

Workers' compensation is, in effect, a ________ insurance plan to help employees with work-related injuries or illnesses get well and return to work.

Accepted Answer

A)  pension
B)  bureaucratic
C)  guaranteed
D)  "no cost"
E)  "no fault" E

Question 4

The benefit that provides a fixed lump-sum benefit in addition to life insurance benefits when death is accidental is

Accepted Answer

A)  major medical insurance.
B)  dental coverage.
C)  survivors' benefit.
D)  accidental death and dismemberment insurance.
E)  health insurance.

Question 5

Briefly describe five government-sponsored employee benefits in Canada.

Accepted Answer

The answer of Briefly describe five government-sponsored employee benefits in...

Question 6

The three types of benefits provided under the Canada/Quebec Pension Plan are

Accepted Answer

A)  disability, survivor, and old age security.
B)  retirement, vacation, and disability.
C)  retirement, survivor, and old age security.
D)  retirement, disability, and survivor.
E)  retirement, survivor, and health care.

Question 7

A benefit that provides pay to an employee when he or she is out of work because of a non-work related injury or illness is called

Accepted Answer

A)  severance pay.
B)  unemployment pay.
C)  workers' compensation.
D)  short-term disability/sick leave.
E)  hospitalization benefits.

Question 8

Group RRSP/DPSP combinations are popular in Kerrie's company and commonly popular in Canada.Kerrie has found out that they are popular because

Accepted Answer

A)  no tax is paid at all.
B)  they increase severance payments.
C)  employers' provide contribution to them.
D)  no tax is paid until money is received from the plans at the time of the employee's death.
E)  membership is automatic upon beginning employment.

Question 9

Felicia has just received the rate increases from the company's extended health care benefit suppliers and she is dreading the conversation she is about to have with the chief financial officer.Felicia is the HR generalist in her organization-help her out by giving her four good ideas she can bring forward to help her organization control health care costs.

Accepted Answer

The answer of Felicia has just received the rate increases...

Question 10

The average cost of benefits, as a percentage of payroll, is approximately

Accepted Answer

A)  30%.
B)  37%.
C)  50%.
D)  25%.
E)  10%.

Question 11

Abacus Trucking Ltd.has experienced a rise in workers compensation claims over the past year.You are the human resources professional who has been asked what the company can do to reduce the number of claims.You respond that all of the following are steps the company should take except

Accepted Answer

A)  instituting effective health and safety programs.
B)  providing career counseling to guide employees into less strenuous or stressful jobs.
C)  disciplining workers who have more than one workers' compensation claim.
D)  complying with government safety standards.
E)  instituting rehabilitation programs for injured or ill workers.

Question 12

The amount of health/dental expenses an employee must pay before insurance benefits will be paid is called

Accepted Answer

A)  life insurance.
B)  coinsurance.
C)  workers' compensation.
D)  dental coverage.
E)  the deductible.

Question 13

Eldercare is designed to help older employees who are not fully able to care for themselves.

Accepted Answer

A) True 
 B)False

Question 14

The following are social and recreational opportunities extended to employees except

Accepted Answer

A)  parties.
B)  craft activities.
C)  pre-retirement counseling.
D)  annual summer picnics.
E)  athletic events.

Question 15

Executive perquisites are usually provided to

Accepted Answer

A)  executives with base salaries of $100 000 or more.
B)  only a few top executives.
C)  the CEO and the president.
D)  head office executives.
E)  all executives.

Question 16

Once an employee is vested, he or she will not receive any benefit from the pension plan until

Accepted Answer

A)  changing jobs.
B)  retirement.
C)  30 years of service.
D)  disability.
E)  termination.

Question 17

The most common psychiatric disability is

Accepted Answer

A)  schizophrenia.
B)  depression.
C)  obsessive-compulsive disorder.
D)  anxiety attacks.
E)  multiple personality disorder.

Question 18

The amount of time off provided for bereavement leave varies by jurisdiction and also depends on

Accepted Answer

A)  the employee's length of service.
B)  family circumstances.
C)  the location of the funeral.
D)  the closeness of the relationship between the employee and the deceased.
E)  the reason for the death.

Question 19

Disability management is a

Accepted Answer

A)  proactive, employer-centred process that coordinates activities of the employer, the insurance company, and health care providers.
B)  proactive, employer-centred process.
C)  reactive, employer-centred process.
D)  proactive, employee-centred process.
E)  process that coordinates the activities of employer and employee.

Question 20

A type of retirement plan that does not guarantee the eventual pension benefit an employee will receive at retirement, but only what the employee and employer contributions to the plan will be, is called a

Accepted Answer

A)  government-sponsored plan.
B)  defined contribution pension plan.
C)  deferred profit-sharing plan.
D)  retirement plan.
E)  defined benefit pension plan.

Exam 13: Employee Benefits and Services