Question 1

The costs associated with legally required benefits are typically more than half of the total benefit costs.

Accepted Answer

A) True 
 B)False

Question 2

In the context of the types of benefits offered by employers, which of the following is a voluntary benefit?

Accepted Answer

A)  Social Security 
B)  Wellness programs 
C)  Medical plans 
D)  Workers' compensation 
A)  Social Security 
B)  Wellness programs 
C)  Medical plans 
D)  Workers' compensation

Question 3

What are the legal regulations regarding early retirement in U.S. companies?

Accepted Answer

Many pension plans include provisions fo

Question 4

401(k) plans are unattractive to employees because these plans require them to pay higher income taxes during working years.

Accepted Answer

A) True 
 B)False

Question 5

According to the Consolidated Omnibus Budget Reconciliation Act (COBRA), _____.

Accepted Answer

A)  employers with more than 50 employees must provide medical insurance for all full-time employees 
B)  most employers with 20 or more employees must offer extended health care coverage to certain groups of plan participants 
C)  widowed or divorced spouses and dependent children of former or current employees need not be offered health care coverage 
D)  employees who are terminated need not be offered health care coverage 
A)  employers with more than 50 employees must provide medical insurance for all full-time employees 
B)  most employers with 20 or more employees must offer extended health care coverage to certain groups of plan participants 
C)  widowed or divorced spouses and dependent children of former or current employees need not be offered health care coverage 
D)  employees who are terminated need not be offered health care coverage

Question 6

A _____ is a retirement program in which employees are promised a pension amount based on age and years of service.

Accepted Answer

A)  stock purchase plan 
B)  defined contribution plan 
C)  defined benefit plan 
D)  cash balance pension plan 
A)  stock purchase plan 
B)  defined contribution plan 
C)  defined benefit plan 
D)  cash balance pension plan

Question 7

Paid-time-off (PTO) plans combine all sick leave, vacation time, and holidays into a total number of hours or days that employees can take off with pay.

Accepted Answer

A) True 
 B)False

Question 8

The Employee Retirement Income Security Act (ERISA) requires pension plans to periodically provide participants with information about plan features (such as vesting), funding, and benefit accrual amounts.

Accepted Answer

A) True 
 B)False

Question 9

Juan is a part-time employee in a publishing company. Is he eligible to receive benefits?

Accepted Answer

Juan's eligibility to receive benefits d

Question 10

Which of the following is a voluntary employee benefit that employers may provide in addition to legally required benefits?

Accepted Answer

A)  Medical plans 
B)  Workers' compensation 
C)  Education assistance 
D)  Social Security 
A)  Medical plans 
B)  Workers' compensation 
C)  Education assistance 
D)  Social Security

Question 11

Which of the following is a disadvantage of providing flexible benefits plans?

Accepted Answer

A)  These plans do not cover higher-risk employees. 
B)  There is a risk that employees will choose an inappropriate benefits package. 
C)  These plans are typically discriminatory in nature. 
D)  There is a risk that these plans will increase the attrition rate. 
A)  These plans do not cover higher-risk employees. 
B)  There is a risk that employees will choose an inappropriate benefits package. 
C)  These plans are typically discriminatory in nature. 
D)  There is a risk that these plans will increase the attrition rate.

Question 12

Family and Medical Leave Act (FMLA) leaves are typically paid.

Accepted Answer

A) True 
 B)False

Question 13

An employee who is out of work and actively looking for employment can receive up to 26 weeks of pay through unemployment compensation.

Accepted Answer

A) True 
 B)False

Question 14

How much are employees expected to contribute to company health plans?

Accepted Answer

Employees are usually required to pay a

Question 15

Claudia, a Legal Assistant, worked with Malag Inc. for 10 years after which she became fully vested. This implies that she _____.

Accepted Answer

A)  will receive the amounts contributed by both the employer and herself when she retires 
B)  can transfer her entire pension fund balances to a new employer's plan if she moves to a new company 
C)  will receive the maximum amount of pension available under her company's retirement plan when she retires 
D)  can no longer move her retirement benefits to another employer 
A)  will receive the amounts contributed by both the employer and herself when she retires 
B)  can transfer her entire pension fund balances to a new employer's plan if she moves to a new company 
C)  will receive the maximum amount of pension available under her company's retirement plan when she retires 
D)  can no longer move her retirement benefits to another employer

Question 16

Which of the following statements is true of the Family and Medical Leave Act?

Accepted Answer

A)  It requires employers to allow eligible employees to take a maximum of 12 weeks of paid leave during any 12-month period to care for a spouse, child, or parent with a serious health condition. 
B)  It requires employers to allow eligible employees to take a maximum of 12 weeks of unpaid, job-protected leave during any 12-month period for foster care placement of a child. 
C)  It requires employers to allow eligible employees to take a maximum of 12 weeks of unpaid leave during the birth of a child but not for the adoption of a child. 
D)  It requires employers to allow eligible employees to take a maximum of 8 weeks of paid, job-protected leave to care for a military servicemember injured while on active duty. 
A)  It requires employers to allow eligible employees to take a maximum of 12 weeks of paid leave during any 12-month period to care for a spouse, child, or parent with a serious health condition. 
B)  It requires employers to allow eligible employees to take a maximum of 12 weeks of unpaid, job-protected leave during any 12-month period for foster care placement of a child. 
C)  It requires employers to allow eligible employees to take a maximum of 12 weeks of unpaid leave during the birth of a child but not for the adoption of a child. 
D)  It requires employers to allow eligible employees to take a maximum of 8 weeks of paid, job-protected leave to care for a military servicemember injured while on active duty.

Question 17

What are the different conditions under which employers grant leaves of absence to their employees?

Accepted Answer

Employers grant leaves of absence, taken

Question 18

How do insurance plans offered by employers benefit employees even when the employers do not pay any of the costs?

Accepted Answer

A)  If the employers do not contribute to insurance costs, they are required to offer special benefits to their employees. 
B)  The employees are offered insurance plans at lower rates through group programs. 
C)  The employers pay all of the costs of formal education courses taken up by the employees' dependents. 
D)  The amount paid by the employees is tax-free only when the employers make no contribution. 
A)  If the employers do not contribute to insurance costs, they are required to offer special benefits to their employees. 
B)  The employees are offered insurance plans at lower rates through group programs. 
C)  The employers pay all of the costs of formal education courses taken up by the employees' dependents. 
D)  The amount paid by the employees is tax-free only when the employers make no contribution.

Question 19

Which of the following is true of employee benefits?

Accepted Answer

A)  Workers in the United States are entitled to greater employee benefits than workers in many other nations. 
B)  Employers who are seen as skimping on employee benefits are often viewed positively within a community. 
C)  Surveys show that a majority of individuals regard employee benefits as unimportant in their decision to join or remain with an organization. 
D)  Employee benefits are used to create and maintain a competitive advantage for organizations. 
A)  Workers in the United States are entitled to greater employee benefits than workers in many other nations. 
B)  Employers who are seen as skimping on employee benefits are often viewed positively within a community. 
C)  Surveys show that a majority of individuals regard employee benefits as unimportant in their decision to join or remain with an organization. 
D)  Employee benefits are used to create and maintain a competitive advantage for organizations.

Question 20

Sylvia and Co. provides enrollment and recordkeeping services to Widgeton Inc. In this scenario, Sylvia and Co. is most likely _____.

Accepted Answer

A)  Widgeton's parent organization 
B)  Widgeton's subsidiary 
C)  an in-house claims processor 
D)  a third-party administrator 
A)  Widgeton's parent organization 
B)  Widgeton's subsidiary 
C)  an in-house claims processor 
D)  a third-party administrator

The costs associated with legally required benefits are typically more than half of the total benefit costs.

In the context of the types of benefits offered by employers, which of the following is a voluntary benefit?

What are the legal regulations regarding early retirement in U.S. companies?

401(k) plans are unattractive to employees because these plans require them to pay higher income taxes during working years.

According to the Consolidated Omnibus Budget Reconciliation Act (COBRA), _____.

A _____ is a retirement program in which employees are promised a pension amount based on age and years of service.

Paid-time-off (PTO) plans combine all sick leave, vacation time, and holidays into a total number of hours or days that employees can take off with pay.

The Employee Retirement Income Security Act (ERISA) requires pension plans to periodically provide participants with information about plan features (such as vesting), funding, and benefit accrual amounts.

Juan is a part-time employee in a publishing company. Is he eligible to receive benefits?

Which of the following is a voluntary employee benefit that employers may provide in addition to legally required benefits?

Which of the following is a disadvantage of providing flexible benefits plans?

Family and Medical Leave Act (FMLA) leaves are typically paid.

An employee who is out of work and actively looking for employment can receive up to 26 weeks of pay through unemployment compensation.

How much are employees expected to contribute to company health plans?

Claudia, a Legal Assistant, worked with Malag Inc. for 10 years after which she became fully vested. This implies that she _____.

Which of the following statements is true of the Family and Medical Leave Act?

What are the different conditions under which employers grant leaves of absence to their employees?

How do insurance plans offered by employers benefit employees even when the employers do not pay any of the costs?

Which of the following is true of employee benefits?

Sylvia and Co. provides enrollment and recordkeeping services to Widgeton Inc. In this scenario, Sylvia and Co. is most likely _____.

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

The costs associated with legally required benefits are typically more than half of the total benefit costs.

In the context of the types of benefits offered by employers, which of the following is a voluntary benefit?

What are the legal regulations regarding early retirement in U.S. companies?

401(k) plans are unattractive to employees because these plans require them to pay higher income taxes during working years.

According to the Consolidated Omnibus Budget Reconciliation Act (COBRA), _____.

A _____ is a retirement program in which employees are promised a pension amount based on age and years of service.

Paid-time-off (PTO) plans combine all sick leave, vacation time, and holidays into a total number of hours or days that employees can take off with pay.

The Employee Retirement Income Security Act (ERISA) requires pension plans to periodically provide participants with information about plan features (such as vesting), funding, and benefit accrual amounts.

Juan is a part-time employee in a publishing company. Is he eligible to receive benefits?

Which of the following is a voluntary employee benefit that employers may provide in addition to legally required benefits?

Which of the following is a disadvantage of providing flexible benefits plans?

Family and Medical Leave Act (FMLA) leaves are typically paid.

An employee who is out of work and actively looking for employment can receive up to 26 weeks of pay through unemployment compensation.

How much are employees expected to contribute to company health plans?

Claudia, a Legal Assistant, worked with Malag Inc. for 10 years after which she became fully vested. This implies that she _____.

Which of the following statements is true of the Family and Medical Leave Act?

What are the different conditions under which employers grant leaves of absence to their employees?

How do insurance plans offered by employers benefit employees even when the employers do not pay any of the costs?

Which of the following is true of employee benefits?

Sylvia and Co. provides enrollment and recordkeeping services to Widgeton Inc. In this scenario, Sylvia and Co. is most likely _____.

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