Question 1

Flexible benefits plans are also known as "cafeteria" plans.

Accepted Answer

A) True 
 B)False  True

Question 2

Canadian organizations are expected to continue to implement a wider variety of employee benefits and services.

Accepted Answer

A) True 
 B)False  True

Question 3

Online benefits programs allow employees self-service freedom and availability virtually any time.

Accepted Answer

A) True 
 B)False  True

Question 4

In a non-contributory pension plan,who makes the financial contributions?

Accepted Answer

A)  the employer only
B)  the employee only
C)  the employer and the employee
D)  the employer,the employee,and the government

Question 5

Severance pay is a one-time payment to employees who have been terminated.

Accepted Answer

A) True 
 B)False

Question 6

What's a major problem facing the Canada Pension Plan?

Accepted Answer

A)  the aging population
B)  public disapproval
C)  decreased subsidies from government
D)  employer resistance

Question 7

Employee assistance programs (EAPs)help employees mainly with relocation costs.

Accepted Answer

A) True 
 B)False

Question 8

Since provincial health care benefits cover basic health care services,very few employers offer supplementary health benefits.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is an example of a family-friendly benefit that is increasingly being used?

Accepted Answer

A)  defined benefits
B)  tuition reimbursements
C)  eldercare
D)  defined contributions

Question 10

It would be desirable for employers to enlist employee participation in modifying a benefits program.

Accepted Answer

A) True 
 B)False

Question 11

From a pension perspective,what is a key issue concerning the aging of baby boomers in Canada?

Accepted Answer

A)  There are more demands for dental benefits.
B)  Baby boomers are leaving management,thus there is a loss to the HR managers who oversee this benefit.
C)  There are fewer contributions to the pension fund by younger generations and more withdrawals for funding pensions for baby boomers,thus putting the fund at risk of depletion.
D)  Younger generations are demanding reduced pensions for those leaving the workforce.

Question 12

Employee benefits are a form of indirect compensation.

Accepted Answer

A) True 
 B)False

Question 13

Benefit packages of any kind still help employers attract and retain quality employees.

Accepted Answer

A) True 
 B)False

Question 14

Ideally,which of the following should apply to an organization's benefits system?

Accepted Answer

A)  It should mirror that of the competition,so as to attract top applicants.
B)  It should be restricted to mandatory benefits.
C)  It should be aligned to the overall strategy of the organization.
D)  It should be more than 50 percent of payroll costs,so as to be competitive.

Question 15

"Payment for time not worked" includes statutory holiday pay,time off for bereavement,military duty,vacation pay,jury duty,rest periods,coffee breaks,and maternity leave (which usually involves some form of salary continuance).

Accepted Answer

A) True 
 B)False

Question 16

What are holiday pay,sick leave,and vacation pay examples of?

Accepted Answer

A)  categories of health care benefits
B)  benefits required by law
C)  payment for time not worked
D)  unearned benefits

Question 17

The Meat Shop,one of Canada's best employers according to a recent survey,is considering ways to contain its rising benefits costs.Which of the following is NOT a wise option for the Meat Shop?

Accepted Answer

A)  making contribution changes,such as deductibles
B)  putting dollar limits on some benefits
C)  instituting flexible benefits
D)  making cuts to mandatory benefits

Question 18

Management at ABC Inc.wants to introduce a new benefit that is not required by law.What should it do first?

Accepted Answer

A)  develop an HRIS system to help with its administration
B)  establish that there is a need for it
C)  lobby the government to make it mandatory
D)  hire a consulting firm to roll it out

Question 19

Susie Jones has definite preferences in terms of the benefits offered by her employer.Susie will be able to select the benefits she values highly and avoid those she does not need or want if her employer offers which benefit format?

Accepted Answer

A)  an employee selection plan
B)  a flexible benefits plan
C)  a benefit pool
D)  a modified benefits system

Question 20

What is an important factor in determining the effectiveness of benefits programs in organizations?

Accepted Answer

A)  level of competition
B)  employee motivation
C)  state of the broader economy
D)  effective administration

Exam 11: Employee Benefits

Flexible benefits plans are also known as "cafeteria" plans.

Canadian organizations are expected to continue to implement a wider variety of employee benefits and services.

Online benefits programs allow employees self-service freedom and availability virtually any time.

In a non-contributory pension plan,who makes the financial contributions?

Severance pay is a one-time payment to employees who have been terminated.

What's a major problem facing the Canada Pension Plan?

Employee assistance programs (EAPs)help employees mainly with relocation costs.

Since provincial health care benefits cover basic health care services,very few employers offer supplementary health benefits.

Which of the following is an example of a family-friendly benefit that is increasingly being used?

It would be desirable for employers to enlist employee participation in modifying a benefits program.

From a pension perspective,what is a key issue concerning the aging of baby boomers in Canada?

Employee benefits are a form of indirect compensation.

Benefit packages of any kind still help employers attract and retain quality employees.

Ideally,which of the following should apply to an organization's benefits system?

"Payment for time not worked" includes statutory holiday pay,time off for bereavement,military duty,vacation pay,jury duty,rest periods,coffee breaks,and maternity leave (which usually involves some form of salary continuance).

What are holiday pay,sick leave,and vacation pay examples of?

The Meat Shop,one of Canada's best employers according to a recent survey,is considering ways to contain its rising benefits costs.Which of the following is NOT a wise option for the Meat Shop?

Management at ABC Inc.wants to introduce a new benefit that is not required by law.What should it do first?

Susie Jones has definite preferences in terms of the benefits offered by her employer.Susie will be able to select the benefits she values highly and avoid those she does not need or want if her employer offers which benefit format?

What is an important factor in determining the effectiveness of benefits programs in organizations?