Question 1

TynsCorp has a pension plan in which the contributions are made jointly by TynsCorp and the employees. This is a

Accepted Answer

A) contributory plan. 
B) noncontributory plan. 
C) defined-benefit plan. 
D) defined-contribution plan. 
A) contributory plan. 
B) noncontributory plan. 
C) defined-benefit plan. 
D) defined-contribution plan.

Question 2

TynsCorp is considering introducing a number of new benefits as a way to retain employees. Before introducing these benefits, or even investing too much effort in preparing the packages, TynsCorp should consult with its employees to determine if there is a need for them.

Accepted Answer

A) True 
 B)False

Question 3

Supplemental unemployment benefits are not required by law and are usually funded by an employer.

Accepted Answer

A) True 
 B)False

Question 4

Describe some of the ways employers have been trying to contain health insurance costs.

Accepted Answer

Employer efforts have focused on two are

Question 5

Workers' compensation insurance may be provided through private or __________ insurance.

Accepted Answer

A) state-funded 
B) employee-prepaid 
C) federally-funded 
D) SNL-funded 
A) state-funded 
B) employee-prepaid 
C) federally-funded 
D) SNL-funded

Question 6

Employer-sponsored child care programs and elder care programs are similar because

Accepted Answer

A) under both programs, most of the caregivers are men. 
B) both types of programs typically offer on-site care facilities to the employees who bring their wards to the workplace. 
C) both programs try to maintain or increase productivity by assisting employees with their responsibilities outside the workplace. 
D) both programs offer substantial income tax benefits to employees. 
A) under both programs, most of the caregivers are men. 
B) both types of programs typically offer on-site care facilities to the employees who bring their wards to the workplace. 
C) both programs try to maintain or increase productivity by assisting employees with their responsibilities outside the workplace. 
D) both programs offer substantial income tax benefits to employees.

Question 7

Some firms are penalizing employees for unhealthy habits by charging them higher health care premiums for habits such as smoking.

Accepted Answer

A) True 
 B)False

Question 8

Why would a company consider increasing the amounts that employees have to pay towards their benefits by increasing premiums or deductibles?

Accepted Answer

A) To comply with ERISA guidelines 
B) To encourage early retirement 
C) To contain costs 
D) To limit workers' compensation claims 
A) To comply with ERISA guidelines 
B) To encourage early retirement 
C) To contain costs 
D) To limit workers' compensation claims

Question 9

Peter was recently laid off from his job. He was looking forward to some "paid vacation" as he collects unemployment benefits for staying home. But then he learned that in order to be eligible for benefits, he has to submit an application for unemployment compensation with the state employment agency, register for available work, and be willing to accept any suitable employment that may be offered to him.

Accepted Answer

A) True 
 B)False

Question 10

The Consolidated Omnibus Budget Reconciliation Act requires all employers to provide health care coverage to employees and their spouses for 12 months following termination, death, or divorce of an employee.

Accepted Answer

A) True 
 B)False

Question 11

TynsCorp just laid off a number of employees. They are eligible for 52 weeks of unemployment insurance.

Accepted Answer

A) True 
 B)False

Question 12

The Social Security insurance program is funded by

Accepted Answer

A) employer contributions. 
B) Old Age, Survivors, and Disability Insurance (OASDI). 
C) employee contributions with matching employer contributions. 
D) employee contributions and general tax funds. 
A) employer contributions. 
B) Old Age, Survivors, and Disability Insurance (OASDI). 
C) employee contributions with matching employer contributions. 
D) employee contributions and general tax funds.

Question 13

Jolee's is a fairly small company. It employs 75 people. Of those, 62 are full time, working 40 or more hours a week, and the rest are part time, working 20-25 hours a week. Because of legislation that went into effect in 2014, Jolee's must offer employees health insurance or else pay a penalty to the government.

Accepted Answer

A) True 
 B)False

Question 14

Childcare, elder care, and extended leave policies are all examples of work-life benefits.

Accepted Answer

A) True 
 B)False

Question 15

Employees at TynsCorp can put aside money for health-related expenses by having it deducted from their paychecks. This is known as a

Accepted Answer

A) consumer-driven plan. 
B) healthcare spending plan. 
C) health reimbursement account. 
D) flexible spending account. 
A) consumer-driven plan. 
B) healthcare spending plan. 
C) health reimbursement account. 
D) flexible spending account.

Question 16

An advantage to HRAs and FSAs is that

Accepted Answer

A) employees can accumulate savings with tax deferred until they take the money out at retirement. 
B) there is no limit to the dollar amount that can be put in those accounts or what the money can be spent on. 
C) employees pay income tax on the money as it goes into the account, but then it grows tax free until retirement. 
D) employees do not have to pay income tax on money received from their employers through these accounts. 
A) employees can accumulate savings with tax deferred until they take the money out at retirement. 
B) there is no limit to the dollar amount that can be put in those accounts or what the money can be spent on. 
C) employees pay income tax on the money as it goes into the account, but then it grows tax free until retirement. 
D) employees do not have to pay income tax on money received from their employers through these accounts.

Question 17

Vesting guarantees

Accepted Answer

A) withdrawal of benefits at any time. 
B) automatic funding of pension plans. 
C) accrued pension benefits at retirement age. 
D) selection of pension options. 
A) withdrawal of benefits at any time. 
B) automatic funding of pension plans. 
C) accrued pension benefits at retirement age. 
D) selection of pension options.

Question 18

An advantage of a health savings account is that if there are funds remaining in the account at the end of the year the money

Accepted Answer

A) goes back to the employer, helping the employer contain costs. 
B) is forfeited. 
C) belongs to the employee. 
D) is placed in the employee's retirement account. 
A) goes back to the employer, helping the employer contain costs. 
B) is forfeited. 
C) belongs to the employee. 
D) is placed in the employee's retirement account.

Question 19

The amount of survivors' insurance benefits paid by Social Security is

Accepted Answer

A) based on the cause of death. 
B) based on a formula that takes into consideration the number of remaining years the deceased worker had to work until retirement. 
C) fixed by law and adjusted only by the cost-of-living. 
D) based on the worker's lifetime earnings covered by Social Security. 
A) based on the cause of death. 
B) based on a formula that takes into consideration the number of remaining years the deceased worker had to work until retirement. 
C) fixed by law and adjusted only by the cost-of-living. 
D) based on the worker's lifetime earnings covered by Social Security.

Question 20

Susan took early retirement at the age of 55. Even though she is no longer working, she will not be eligible for Medicare at the age of

Accepted Answer

A) 59. 
B) 62. 
C) 65. 
D) 67. 
A) 59. 
B) 62. 
C) 65. 
D) 67.

TynsCorp has a pension plan in which the contributions are made jointly by TynsCorp and the employees. This is a

TynsCorp is considering introducing a number of new benefits as a way to retain employees. Before introducing these benefits, or even investing too much effort in preparing the packages, TynsCorp should consult with its employees to determine if there is a need for them.

Supplemental unemployment benefits are not required by law and are usually funded by an employer.

Describe some of the ways employers have been trying to contain health insurance costs.

Workers' compensation insurance may be provided through private or __________ insurance.

Employer-sponsored child care programs and elder care programs are similar because

Some firms are penalizing employees for unhealthy habits by charging them higher health care premiums for habits such as smoking.

Why would a company consider increasing the amounts that employees have to pay towards their benefits by increasing premiums or deductibles?

The Consolidated Omnibus Budget Reconciliation Act requires all employers to provide health care coverage to employees and their spouses for 12 months following termination, death, or divorce of an employee.

TynsCorp just laid off a number of employees. They are eligible for 52 weeks of unemployment insurance.

The Social Security insurance program is funded by

Childcare, elder care, and extended leave policies are all examples of work-life benefits.

Employees at TynsCorp can put aside money for health-related expenses by having it deducted from their paychecks. This is known as a

An advantage to HRAs and FSAs is that

Vesting guarantees

An advantage of a health savings account is that if there are funds remaining in the account at the end of the year the money

The amount of survivors' insurance benefits paid by Social Security is

Susan took early retirement at the age of 55. Even though she is no longer working, she will not be eligible for Medicare at the age of

The Rewards and Challenges of Human Resources Management

Strategy and Human Resources Planning

Equal Employment Opportunity and Human Resources Management

Job Analysis and Job Design

Expanding the Talent Pool: Recruitment and Careers

Employee Selection

Training and Development

Performance Management

Managing Compensation

Pay-For-Performance: Incentive Rewards

Promoting Safety and Health

Employees Rights and Discipline

The Dynamics of Labor Relations

International Human Resources Management

Implementing HR Strategy: High-Performance Work Systems

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Exam 11: Employee Benefits

TynsCorp has a pension plan in which the contributions are made jointly by TynsCorp and the employees. This is a

TynsCorp is considering introducing a number of new benefits as a way to retain employees. Before introducing these benefits, or even investing too much effort in preparing the packages, TynsCorp should consult with its employees to determine if there is a need for them.

Supplemental unemployment benefits are not required by law and are usually funded by an employer.

Describe some of the ways employers have been trying to contain health insurance costs.

Workers' compensation insurance may be provided through private or __________ insurance.

Employer-sponsored child care programs and elder care programs are similar because

Some firms are penalizing employees for unhealthy habits by charging them higher health care premiums for habits such as smoking.

Why would a company consider increasing the amounts that employees have to pay towards their benefits by increasing premiums or deductibles?

The Consolidated Omnibus Budget Reconciliation Act requires all employers to provide health care coverage to employees and their spouses for 12 months following termination, death, or divorce of an employee.

TynsCorp just laid off a number of employees. They are eligible for 52 weeks of unemployment insurance.

The Social Security insurance program is funded by

Childcare, elder care, and extended leave policies are all examples of work-life benefits.

Employees at TynsCorp can put aside money for health-related expenses by having it deducted from their paychecks. This is known as a

An advantage to HRAs and FSAs is that

Vesting guarantees

An advantage of a health savings account is that if there are funds remaining in the account at the end of the year the money

The amount of survivors' insurance benefits paid by Social Security is

Susan took early retirement at the age of 55. Even though she is no longer working, she will not be eligible for Medicare at the age of

The Rewards and Challenges of Human Resources Management

Strategy and Human Resources Planning

Equal Employment Opportunity and Human Resources Management

Job Analysis and Job Design

Expanding the Talent Pool: Recruitment and Careers

Employee Selection

Training and Development

Performance Management

Managing Compensation

Pay-For-Performance: Incentive Rewards

Promoting Safety and Health

Employees Rights and Discipline

The Dynamics of Labor Relations

International Human Resources Management

Implementing HR Strategy: High-Performance Work Systems

Filters