Question 1

In the context of legally required benefits, which of the following is true of unemployment compensation?

Accepted Answer

A)  Each U.S. state operates its own unemployment compensation system. 
B)  Benefit levels under unemployment compensation are the same across all U.S. states. 
C)  The unemployment compensation system is controlled by organizations with more than 500 employees. 
D)  The job-search provisions in the unemployment compensation system are drafted and implemented by preferred provider organizations (PPOs). 
A)  Each U.S. state operates its own unemployment compensation system. 
B)  Benefit levels under unemployment compensation are the same across all U.S. states. 
C)  The unemployment compensation system is controlled by organizations with more than 500 employees. 
D)  The job-search provisions in the unemployment compensation system are drafted and implemented by preferred provider organizations (PPOs).

Question 2

What is workers' compensation? Explain.

Accepted Answer

Workers' compensation is a benefit progr

Question 3

In the context of benefits administration, which of the following statements is true of information technology?

Accepted Answer

A)  It makes it possible for companies to offer self-service to employees. 
B)  It increases the costs associated with benefits administration. 
C)  It necessitates the involvement of a third-party administrator to manage employee benefits. 
D)  It prevents companies from providing employees access to HR experts. 
A)  It makes it possible for companies to offer self-service to employees. 
B)  It increases the costs associated with benefits administration. 
C)  It necessitates the involvement of a third-party administrator to manage employee benefits. 
D)  It prevents companies from providing employees access to HR experts.

Question 4

Workers' compensation programs are typically funded _____.

Accepted Answer

A)  at the expense of the employer 
B)  at the expense of all the stakeholders 
C)  by the value-added taxes levied by the federal government on specific goods 
D)  by the contributions made to state governments by both employees and employers 
A)  at the expense of the employer 
B)  at the expense of all the stakeholders 
C)  by the value-added taxes levied by the federal government on specific goods 
D)  by the contributions made to state governments by both employees and employers

Question 5

The federal government mandates a minimum of two weeks of severance pay for older employees who are asked to retire early.

Accepted Answer

A) True 
 B)False

Question 6

According to a 1986 amendment to the Age Discrimination in Employment Act (ADEA), _____.

Accepted Answer

A)  most employees cannot be forced to retire at a specific age 
B)  workers should contribute to defined benefit plans 
C)  older workers should be discouraged from retiring before the normal retirement age 
D)  employees above age 50 are ineligible for full pension benefits 
A)  most employees cannot be forced to retire at a specific age 
B)  workers should contribute to defined benefit plans 
C)  older workers should be discouraged from retiring before the normal retirement age 
D)  employees above age 50 are ineligible for full pension benefits

Question 7

A problem with providing flexibility in benefit choice is that it _____.

Accepted Answer

A)  does not cover higher-risk employees 
B)  increases the risk of adverse selection by employees 
C)  is typically discriminatory in nature 
D)  increases attrition rate 
A)  does not cover higher-risk employees 
B)  increases the risk of adverse selection by employees 
C)  is typically discriminatory in nature 
D)  increases attrition rate

Question 8

Which of the following is true of defined benefit retirement plans?

Accepted Answer

A)  In these plans, the investment risk is borne by the employee. 
B)  In these plans, the amount of benefit paid at retirement is predetermined. 
C)  They are most common in private sector and nonunion workforces. 
D)  They typically do not guarantee benefits. 
A)  In these plans, the investment risk is borne by the employee. 
B)  In these plans, the amount of benefit paid at retirement is predetermined. 
C)  They are most common in private sector and nonunion workforces. 
D)  They typically do not guarantee benefits.

Question 9

Discuss the financial benefits that companies commonly offer their employees.

Accepted Answer

Companies may offer employees a wide ran

Question 10

What are the family-oriented benefits offered by employers? Which of these are mandated by the federal government?

Accepted Answer

The Family and Medical Leave Act (FMLA)

Question 11

Defined contribution pension plans offer greater security to employees because these benefits are guaranteed by the Pension Benefit Guaranty Corporation (PBGC).

Accepted Answer

A) True 
 B)False

Question 12

George is unemployed and is actively searching for a job. Is there any legal provision regarding benefits that can help George?

Accepted Answer

George is eligible to receive unemployme

Question 13

No-fault insurance means that an injured worker does not receive benefits if the accident was the employee's fault.

Accepted Answer

A) True 
 B)False

Question 14

Elaborate on the two main types of retirement benefits.

Accepted Answer

A defined benefit plan is a retirement p

Question 15

The Worker Adjustment and Retraining Notification Act (WARN) of 1988 _____.

Accepted Answer

A)  does not require employers to give prior notice of mass layoff or plant closings 
B)  requires employers to give six months' notice of mass layoff or plant closings 
C)  mandates the payment of severance pay to employees in the case of mass layoff or plant closings 
D)  does not mandate severance pay in case of mass layoffs or plant closings 
A)  does not require employers to give prior notice of mass layoff or plant closings 
B)  requires employers to give six months' notice of mass layoff or plant closings 
C)  mandates the payment of severance pay to employees in the case of mass layoff or plant closings 
D)  does not mandate severance pay in case of mass layoffs or plant closings

Question 16

In a _____, an employer makes financial contributions to help employees cover their health-related expenses.

Accepted Answer

A)  consumer-driven health plan 
B)  cash balance plan 
C)  self-directed health plan 
D)  managed care plan 
A)  consumer-driven health plan 
B)  cash balance plan 
C)  self-directed health plan 
D)  managed care plan

Question 17

Cost sharing _____.

Accepted Answer

A)  involves employers sharing the costs of government-mandated health insurance plans with the government 
B)  requires employees to pay for more of their benefit costs 
C)  requires insurance firms to share profits with employers who purchase insurance plans 
D)  allows employees to track their fund balances 
A)  involves employers sharing the costs of government-mandated health insurance plans with the government 
B)  requires employees to pay for more of their benefit costs 
C)  requires insurance firms to share profits with employers who purchase insurance plans 
D)  allows employees to track their fund balances

Question 18

Only employees who have worked at least 12 months and 1,250 hours in the previous year are eligible for leave under the Family and Medical Leave Act (FMLA).

Accepted Answer

A) True 
 B)False

Question 19

How do employee benefits provide competitive advantage to employers?

Accepted Answer

Benefits can be used to create and maint

Question 20

Define the concepts of vesting and portability.

Accepted Answer

Certain rights are associated with retir

In the context of legally required benefits, which of the following is true of unemployment compensation?

What is workers' compensation? Explain.

In the context of benefits administration, which of the following statements is true of information technology?

Workers' compensation programs are typically funded _____.

The federal government mandates a minimum of two weeks of severance pay for older employees who are asked to retire early.

According to a 1986 amendment to the Age Discrimination in Employment Act (ADEA), _____.

A problem with providing flexibility in benefit choice is that it _____.

Which of the following is true of defined benefit retirement plans?

Discuss the financial benefits that companies commonly offer their employees.

What are the family-oriented benefits offered by employers? Which of these are mandated by the federal government?

Defined contribution pension plans offer greater security to employees because these benefits are guaranteed by the Pension Benefit Guaranty Corporation (PBGC).

George is unemployed and is actively searching for a job. Is there any legal provision regarding benefits that can help George?

No-fault insurance means that an injured worker does not receive benefits if the accident was the employee's fault.

Elaborate on the two main types of retirement benefits.

The Worker Adjustment and Retraining Notification Act (WARN) of 1988 _____.

In a _____, an employer makes financial contributions to help employees cover their health-related expenses.

Cost sharing _____.

Only employees who have worked at least 12 months and 1,250 hours in the previous year are eligible for leave under the Family and Medical Leave Act (FMLA).

How do employee benefits provide competitive advantage to employers?

Define the concepts of vesting and portability.

Human Resource Management in Organizations

Human Resource Strategy and Planning

Equal Employment Opportunity

Workforce, Jobs, and Job Analysis

Individual Organization Relations and Retention

Recruiting High-Quality Talent

Selecting Human Resources

Training Human Resources

Talent, Careers, and Development

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management and Worker Protection

Employee Rights and Responsibilities

Union-Management Relations

Global Human Resource Management

Filters

Exam 12: Managing Employee Benefits

In the context of legally required benefits, which of the following is true of unemployment compensation?

What is workers' compensation? Explain.

In the context of benefits administration, which of the following statements is true of information technology?

Workers' compensation programs are typically funded _____.

The federal government mandates a minimum of two weeks of severance pay for older employees who are asked to retire early.

According to a 1986 amendment to the Age Discrimination in Employment Act (ADEA), _____.

A problem with providing flexibility in benefit choice is that it _____.

Which of the following is true of defined benefit retirement plans?

Discuss the financial benefits that companies commonly offer their employees.

What are the family-oriented benefits offered by employers? Which of these are mandated by the federal government?

Defined contribution pension plans offer greater security to employees because these benefits are guaranteed by the Pension Benefit Guaranty Corporation (PBGC).

George is unemployed and is actively searching for a job. Is there any legal provision regarding benefits that can help George?

No-fault insurance means that an injured worker does not receive benefits if the accident was the employee's fault.

Elaborate on the two main types of retirement benefits.

The Worker Adjustment and Retraining Notification Act (WARN) of 1988 _____.

In a _____, an employer makes financial contributions to help employees cover their health-related expenses.

Cost sharing _____.

Only employees who have worked at least 12 months and 1,250 hours in the previous year are eligible for leave under the Family and Medical Leave Act (FMLA).

How do employee benefits provide competitive advantage to employers?

Define the concepts of vesting and portability.

Human Resource Management in Organizations

Human Resource Strategy and Planning

Equal Employment Opportunity

Workforce, Jobs, and Job Analysis

Individual Organization Relations and Retention

Recruiting High-Quality Talent

Selecting Human Resources

Training Human Resources

Talent, Careers, and Development

Performance Management and Appraisal

Total Rewards and Compensation

Risk Management and Worker Protection

Employee Rights and Responsibilities

Union-Management Relations

Global Human Resource Management

Filters