Question 1

Which of the following is not a requirement for receiving unemployment benefits?

Accepted Answer

A) experience a waiting period before benefits are paid 
B) have an earnings record 
C) have a continuing interest in employment 
D) the national unemployment percentage must exceed a certain level 
A) experience a waiting period before benefits are paid 
B) have an earnings record 
C) have a continuing interest in employment 
D) the national unemployment percentage must exceed a certain level

Question 2

Government control over the money supply using interest rates to effect changes in the economy is called:

Accepted Answer

A) fiscal policy 
B) monetary policy 
C) tax policy 
D) transfer payments 
A) fiscal policy 
B) monetary policy 
C) tax policy 
D) transfer payments

Question 3

From the employer's stand point,workers' compensation insurance may be seen as a substitute for other types of liability insurance.

Accepted Answer

A) True 
 B)False

Question 4

The major change established by the passage of workers' compensation laws was to:

Accepted Answer

A) help lawyers obtain more business 
B) substitute the employer's liability without fault for the common law doctrine of negligence 
C) enable the employer to effectively defend itself in a liability suit 
D) bar the employee from recovery for job related injuries 
A) help lawyers obtain more business 
B) substitute the employer's liability without fault for the common law doctrine of negligence 
C) enable the employer to effectively defend itself in a liability suit 
D) bar the employee from recovery for job related injuries

Question 5

Each of the following describes a condition under which an employee is injured on the job. Under which of these would the employer not have to provide workers' compensation benefits to the injured employee?

Accepted Answer

A) employee falls asleep on the job 
B) employee is distracted by a fellow employee 
C) employee was late for work 
D) employee had several beers before work 
A) employee falls asleep on the job 
B) employee is distracted by a fellow employee 
C) employee was late for work 
D) employee had several beers before work

Question 6

Experience rating of workers compensation insurance rewards employers with good safety records.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is false concerning unemployment insurance?

Accepted Answer

A) it is experienced rated 
B) it originated in the Social Security Act of 1935 
C) it is paid for by both the employee and employer in the form of a wage-based tax 
D) it does not provide benefits to a worker who voluntarily quits a job 
A) it is experienced rated 
B) it originated in the Social Security Act of 1935 
C) it is paid for by both the employee and employer in the form of a wage-based tax 
D) it does not provide benefits to a worker who voluntarily quits a job

Question 8

Intentionally self-inflicted injuries are usually,though not always,covered by workers' compensation insurance.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following statements about workers' compensation insurance is true?

Accepted Answer

A) The cost to employers has been increasing 
B) The premiums have been decreasing 
C) Insurers have been making high profits on this coverage 
D) None of the above 
A) The cost to employers has been increasing 
B) The premiums have been decreasing 
C) Insurers have been making high profits on this coverage 
D) None of the above

Question 10

Which of the following is not a purpose of workers' compensation laws?

Accepted Answer

A) give broad coverage to employees for work related injuries 
B) protect workers against lost earnings 
C) protect employers against the business interruption risk 
D) provide sufficient medical care for the injured worker 
A) give broad coverage to employees for work related injuries 
B) protect workers against lost earnings 
C) protect employers against the business interruption risk 
D) provide sufficient medical care for the injured worker

Question 11

Explain the economic significance for the existence of unemployment insurance.

Accepted Answer

The economic significance lies in the au

Question 12

Unemployment insurance is both a state and federal program.

Accepted Answer

A) True 
 B)False

Question 13

Worker's compensation is likely to cover all the following except:

Accepted Answer

A) 100 percent of lost wages during disability 
B) medical expenses 
C) rehabilitation expenses 
D) reasonable funeral expenses 
A) 100 percent of lost wages during disability 
B) medical expenses 
C) rehabilitation expenses 
D) reasonable funeral expenses

Question 14

Which one of the following is not a concern of the risk manager with respect to workers compensation?

Accepted Answer

A) health-related costs 
B) cumulative injury problems 
C) the increasing frequency of litigation concerning compensation 
D) the increasing use of the assumption of risk defense to deny worker's compensation claims 
A) health-related costs 
B) cumulative injury problems 
C) the increasing frequency of litigation concerning compensation 
D) the increasing use of the assumption of risk defense to deny worker's compensation claims

Question 15

List and explain briefly the purposes of the worker's compensation laws.

Accepted Answer

1)Broad coverage of employees,work relat

Question 16

Workers compensation insurance covers both job-related injuries and occupational diseases.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following was a common law defense used by employers prior to the enactment of workers' compensation laws?

Accepted Answer

A) strict liability 
B) comparative negligence 
C) contributory negligence 
D) stare decisis 
A) strict liability 
B) comparative negligence 
C) contributory negligence 
D) stare decisis

Question 18

Experience rating of the unemployment program has which of the following effects?

Accepted Answer

A) penalizes good employers that never fire employees 
B) encourages short term layoffs and causes an unstable work force 
C) charges employers more when the economy is weak, thus charging for poor experience when companies can least afford it 
D) provides funds to continue employment instead of dismissing employees 
A) penalizes good employers that never fire employees 
B) encourages short term layoffs and causes an unstable work force 
C) charges employers more when the economy is weak, thus charging for poor experience when companies can least afford it 
D) provides funds to continue employment instead of dismissing employees

Exam 23: Unemployment and Workers Compensation Insurance

Which of the following is not a requirement for receiving unemployment benefits?

Government control over the money supply using interest rates to effect changes in the economy is called:

From the employer's stand point,workers' compensation insurance may be seen as a substitute for other types of liability insurance.

The major change established by the passage of workers' compensation laws was to:

Each of the following describes a condition under which an employee is injured on the job. Under which of these would the employer not have to provide workers' compensation benefits to the injured employee?

Experience rating of workers compensation insurance rewards employers with good safety records.

Which of the following is false concerning unemployment insurance?

Intentionally self-inflicted injuries are usually,though not always,covered by workers' compensation insurance.

Which of the following statements about workers' compensation insurance is true?

Which of the following is not a purpose of workers' compensation laws?

Explain the economic significance for the existence of unemployment insurance.

Unemployment insurance is both a state and federal program.

Worker's compensation is likely to cover all the following except:

Which one of the following is not a concern of the risk manager with respect to workers compensation?

List and explain briefly the purposes of the worker's compensation laws.

Workers compensation insurance covers both job-related injuries and occupational diseases.

Which of the following was a common law defense used by employers prior to the enactment of workers' compensation laws?

Experience rating of the unemployment program has which of the following effects?

Fundamentals and Terminology

Defining the Insurable Event

Risk Management

Financial Services Companies

Insurance Occupations

the Insurance Market: the Economic Problem

Insurance Regulation

Insurance Contracts

Basic Property and Liability Insurance Contracts

Homeowners Insurance

the Personal Auto Policy

Professional Financial Planning

Life Insurance Policies

Standard Life Insurance Contract Provisions And Options

Annuities

Medical Expense and Disability Insurance

Advanced Topics in Risk Management

Commercial Property Insurance

Commercial Liability Insurance

Bonding,Crime Insurance and Reinsurance

Employee Benefits

Social Security

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