Question 1

Floating holidays are standardized on an annual basis in the United States.

Accepted Answer

A) True 
 B)False

Question 2

Matt has a health care plan that provides him coverage in such a way that allows him to be involved in making decisions to help lower costs.This plan typically includes insurance with a high deductible,a medical savings account,and ongoing health education.Which type of health care plan is Matt using?

Accepted Answer

A)   managed care
B)   health maintenance organization
C)   preferred provider organization
D)   flexible health plan
E)   consumer-driven health planF) C) and D)
G) C) and E)

Question 3

Which of the following factors is considered while calculating the retirement benefit levels under a defined benefit retirement plan?

Accepted Answer

A)   the state where the person was employed during the retirement year
B)   number of dependents
C)   employees' years of service,age,and earnings level
D)   average earning during the last 20 years of employment
E)   number of unused leaves at the end of the retirement yearF) A) and D)
G) A) and C)

Question 4

What is the importance of benefits as a part of employee compensation?

Accepted Answer

Benefits contribute to attracting,retain...

Question 5

Ian is the human resource manager of a one-year-old technology company.The founder wants him to set up a retirement plan.Ian thinks the best approach during the company's early years would be a defined-contribution plan funded with profit-sharing dollars.Which statement best supports Ian's idea?

Accepted Answer

A)   The plan makes employees part-owners of the company.
B)   The Pension Benefit Guarantee Corporation will guarantee a basic benefit.
C)   Employees can buy an annuity with the contributions when they retire.
D)   The amount employees contribute is not taxed when they contribute it.
E)   Contributing a share of profits gives the company more flexibility as it establishes itself.F) A) and C)
G) A) and B)

Question 6

Jacob is a new father.His company helps Jacob by collecting information about the cost and quality of available child care.Which of the following is true of the child care provided by Jacob's company?

Accepted Answer

A)   The child care provided by the company is at the lowest level of involvement.
B)   The child care provided by the company is at the highest level of involvement.
C)   According to the Family and Medical Leave Act,the company has not provided Jacob with adequate child care.
D)   According to the Patient Protection and Affordable Care Act,the company has exceeded the level of involvement that is permissible.
E)   The child care provided by the company is a form of a dependent care assistance plan.F) D) and E)
G) C) and D)

Question 7

What are sick leave programs? What are the pros and cons of allowing employees to accumulate sick leave year after year?

Accepted Answer

Sick leave programs pay employees for da...

Question 8

Organizations must communicate benefits information to employees so that they will

Accepted Answer

A)   be motivated to work harder.
B)   choose the least-expensive benefits package.
C)   be legally liable in an employee lawsuit.
D)   be informed of future career opportunities within the organization.
E)   appreciate the value of their benefits.F) B) and C)
G) A) and C)

Question 9

Which of the following is true of child care?

Accepted Answer

A)   At the highest level of involvement,organizations provide vouchers or discounts for employees to use at existing child care facilities.
B)   Companies that provide child care facilities face liability concerns.
C)   Provision of child care is mandatory under the Family and Medical Leave Act.
D)   Child care should be limited to provision of leaves to employees.
E)   Child care must include death benefits for it to be considered as a qualified plan.F) B) and C)
G) D) and E)

Question 10

Health maintenance organizations charge patients half the fee for each visit and service.

Accepted Answer

A) True 
 B)False

Question 11

Gabriela,an HR manager,and her staff devote long hours to planning and running a "benefits fair," where employees can view displays and ask questions about the various parts of the company's benefits package.The following week,the marketing manager asks if the effort was worthwhile.Gabriela says it was.What is the most likely reason for Gabriela's opinion?

Accepted Answer

A)   It lowered the cost of communicating with employees,because now the company doesn't need to use printed media.
B)   It lowered the cost of providing benefits,because employees know what to sign up for.
C)   It increased employees' commitment to saving for retirement,so they won't need Social Security.
D)   It increased employees' happiness and job commitment,so they are more fun to be around.
E)   It increased employees' commitment and satisfaction,so they contribute more to the company.F) A) and B)
G) C) and D)

Question 12

Beckwith Corporation has a benefits package that includes paid vacations and sick leave.The human resource manager proposes shifting this time into a bank of paid time off.What would be an advantage of this change?

Accepted Answer

A)   vacation and sick leave do not make economic sense
B)   most companies offer this arrangement
C)   the company won't have to set a schedule for holidays
D)   the company won't have to pay for the time the employees take off
E)   employees have more flexibility and privacy for their personal mattersF) A) and B)
G) B) and E)

Question 13

_____ strictly limits the definition of "independent contractors," so that employers cannot avoid legal obligations by classifying workers as self-employed when the organization receives the benefits of a permanent employee.

Accepted Answer

A)   The Internal Revenue Service
B)   The Consolidated Omnibus Budget Reconciliation Act (COBR
A)  
C)   The Employee Retirement Income Security Act (ERIS
A)  
D)   Employee Benefit Research Institute
E)   The Bureau of Labor StatisticsF) A) and B)
G) A) and C)

Question 14

To increase the likelihood of employees understanding messages about benefits,employers must limit communications.

Accepted Answer

A) True 
 B)False

Question 15

Sarah's employer provides her with an insurance plan that requires her to obtain approval before being admitted to the hospital for surgical procedures.Which variation of health coverage does this illustrate?

Accepted Answer

A)   managed care
B)   health maintenance organization
C)   employee wellness
D)   flexible spending account
E)   consumer-driven health planF) D) and E)
G) C) and E)

Question 16

The funding for unemployment insurance comes from federal and state taxes on employees.

Accepted Answer

A) True 
 B)False

Exam 14: Providing Employee Benefits

Which of the following factors is considered while calculating the retirement benefit levels under a defined benefit retirement plan?

Correct Answer
verified

What is the importance of benefits as a part of employee compensation?

Correct Answer
verified
Benefits contribute to attracting,retain...
View Answer

Correct Answer
verified

Organizations must communicate benefits information to employees so that they will

Correct Answer
verified

The funding for unemployment insurance comes from federal and state taxes on employees.

Correct Answer
verified

Beckwith Corporation has a benefits package that includes paid vacations and sick leave.The human resource manager proposes shifting this time into a bank of paid time off.What would be an advantage of this change?

Correct Answer
verified

To increase the likelihood of employees understanding messages about benefits,employers must limit communications.

Correct Answer
verified

Sarah's employer provides her with an insurance plan that requires her to obtain approval before being admitted to the hospital for surgical procedures.Which variation of health coverage does this illustrate?

Correct Answer
verified

Health maintenance organizations charge patients half the fee for each visit and service.

Correct Answer
verified

Which of the following is true of child care?

Correct Answer
verified

Jacob is a new father.His company helps Jacob by collecting information about the cost and quality of available child care.Which of the following is true of the child care provided by Jacob's company?

Correct Answer
verified

Ian is the human resource manager of a one-year-old technology company.The founder wants him to set up a retirement plan.Ian thinks the best approach during the company's early years would be a defined-contribution plan funded with profit-sharing dollars.Which statement best supports Ian's idea?

Correct Answer
verified

Correct Answer
verified

What are sick leave programs? What are the pros and cons of allowing employees to accumulate sick leave year after year?

Correct Answer
verified
Sick leave programs pay employees for da...
View Answer

_____ strictly limits the definition of "independent contractors," so that employers cannot avoid legal obligations by classifying workers as self-employed when the organization receives the benefits of a permanent employee.

Correct Answer
verified

Floating holidays are standardized on an annual basis in the United States.

Correct Answer
verified

Exam 14: Providing Employee Benefits

Which of the following factors is considered while calculating the retirement benefit levels under a defined benefit retirement plan?

Correct AnswerverifiedShow Answer

What is the importance of benefits as a part of employee compensation?

Correct AnswerverifiedBenefits contribute to attracting,retain...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Organizations must communicate benefits information to employees so that they will

Correct AnswerverifiedShow Answer

The funding for unemployment insurance comes from federal and state taxes on employees.

Correct AnswerverifiedShow Answer

Beckwith Corporation has a benefits package that includes paid vacations and sick leave.The human resource manager proposes shifting this time into a bank of paid time off.What would be an advantage of this change?

Correct AnswerverifiedShow Answer

To increase the likelihood of employees understanding messages about benefits,employers must limit communications.

Correct AnswerverifiedShow Answer

Sarah's employer provides her with an insurance plan that requires her to obtain approval before being admitted to the hospital for surgical procedures.Which variation of health coverage does this illustrate?

Correct AnswerverifiedShow Answer

Health maintenance organizations charge patients half the fee for each visit and service.

Correct AnswerverifiedShow Answer

Which of the following is true of child care?

Correct AnswerverifiedShow Answer

Jacob is a new father.His company helps Jacob by collecting information about the cost and quality of available child care.Which of the following is true of the child care provided by Jacob's company?

Correct AnswerverifiedShow Answer

Ian is the human resource manager of a one-year-old technology company.The founder wants him to set up a retirement plan.Ian thinks the best approach during the company's early years would be a defined-contribution plan funded with profit-sharing dollars.Which statement best supports Ian's idea?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

What are sick leave programs? What are the pros and cons of allowing employees to accumulate sick leave year after year?

Correct AnswerverifiedSick leave programs pay employees for da...View AnswerShow Answer

_____ strictly limits the definition of "independent contractors," so that employers cannot avoid legal obligations by classifying workers as self-employed when the organization receives the benefits of a permanent employee.

Correct AnswerverifiedShow Answer

Floating holidays are standardized on an annual basis in the United States.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
Benefits contribute to attracting,retain...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Sick leave programs pay employees for da...
View Answer

Correct Answer
verified

Correct Answer
verified