Question 1

Which one of the following is offered at the discretion of the employer?

Accepted Answer

A) Employment Insurance 
B) Canada Pension Plan 
C) life Insurance 
D) Quebec Pension Plan 
E) Workers' Compensation 
A) Employment Insurance 
B) Canada Pension Plan 
C) life Insurance 
D) Quebec Pension Plan 
E) Workers' Compensation C

Question 2

Claims processing determines whether an employer has an obligation to fulfill a promise of payment when an employee asserts that disability or hospitalization has occurred.

Accepted Answer

A) True 
 B)False  True

Question 3

Benefits need not be externally equitable.

Accepted Answer

A) True 
 B)False  False

Question 4

Flu shot programs, staff appreciation events and first aid/CPR programs are in the top 10 wellness initiatives offered by employers.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following statements about employee benefits is true?

Accepted Answer

A) Employee benefits are not part of a company's total compensation package. 
B) Employee benefits are mostly not taxable. 
C) Employee benefits of all types are discretionary and are not mandated by law. 
D) Employee benefits of all types are mandated by law and are not discretionary. 
E) Employee benefits are funded either by the government or the employer; not the employee. 
A) Employee benefits are not part of a company's total compensation package. 
B) Employee benefits are mostly not taxable. 
C) Employee benefits of all types are discretionary and are not mandated by law. 
D) Employee benefits of all types are mandated by law and are not discretionary. 
E) Employee benefits are funded either by the government or the employer; not the employee.

Question 6

What is the reason behind defined-contribution plans gaining popularity over defined-benefit plans?

Accepted Answer

Defined contribution plans have known co

Question 7

Which of the following employee benefits is NOT legally required?

Accepted Answer

A) government-sponsored medical plan 
B) employee assistance plan 
C) Workers' Compensation 
D) Employment Insurance 
E) Quebec Pension Plan 
A) government-sponsored medical plan 
B) employee assistance plan 
C) Workers' Compensation 
D) Employment Insurance 
E) Quebec Pension Plan

Question 8

Flexible plans make introduction of new benefits more costly.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is the most frequently used method of communicating benefits to employees?

Accepted Answer

A) employee discussion 
B) intranet 
C) employee handbook 
D) video presentation 
E) group seminar 
A) employee discussion 
B) intranet 
C) employee handbook 
D) video presentation 
E) group seminar

Question 10

_________is an employer-sponsored pension plan where employee benefits are calculated based on a formula using factors such as salary history and employment duration.

Accepted Answer

A) defined contribution pension plan 
B) Employment Insurance plan 
C) defined benefit pension plan 
D) Quebec pension plan 
E) employment assistance plan 
A) defined contribution pension plan 
B) Employment Insurance plan 
C) defined benefit pension plan 
D) Quebec pension plan 
E) employment assistance plan

Question 11

Who contributes to the Employment Insurance (EI)?

Accepted Answer

The EI program is funded entirely by con

Question 12

Describe the two general strategies for controlling medical benefit costs.

Accepted Answer

There are two general strategies availab

Question 13

_________refers to a specified dollar amount of claims paid by the employee each year before insurance benefits begin.

Accepted Answer

A) Deductible 
B) Benefit cutback 
C) Vesting 
D) Wage concession 
E) Coinsurance 
A) Deductible 
B) Benefit cutback 
C) Vesting 
D) Wage concession 
E) Coinsurance

Question 14

Which method of financing benefit plans allows costs to be shared between employer and employee?

Accepted Answer

A) non-contributory 
B) ESOPs 
C) employee financed 
D) income-security 
E) contributory 
A) non-contributory 
B) ESOPs 
C) employee financed 
D) income-security 
E) contributory

Question 15

Describe the three types of disability plans: short-term disability, sick leave, and long-term disability plans.

Accepted Answer

Short-term disability plans or salary co

Question 16

Long-term disability plans provide income protection due to long-term illness or injury that is not work-related.

Accepted Answer

A) True 
 B)False

Question 17

Employer-sponsored plans that provide pay to an employee when he/she is unable to work because of a non-work-related illness or injury are termed as__________ plans.

Accepted Answer

A) sick leave 
B) defined contribution 
C) employee assistance 
D) salary continuation 
E) defined benefit 
A) sick leave 
B) defined contribution 
C) employee assistance 
D) salary continuation 
E) defined benefit

Question 18

An employee assistance plan (EAP)is a formal employer program that provides employees with:

Accepted Answer

A) child care services and elder care. 
B) counselling for mental health issues. 
C) income protection for disability. 
D) vision care and dental insurance. 
E) pay for the extra number of hours worked. 
A) child care services and elder care. 
B) counselling for mental health issues. 
C) income protection for disability. 
D) vision care and dental insurance. 
E) pay for the extra number of hours worked.

Question 19

How can medical benefit costs be controlled?

Accepted Answer

There are two general strategies availab

Question 20

Disability benefits are payable to contributors who sustain a severe, prolonged mental or physical disability and are payable until age _________when the retirement pension begins.

Accepted Answer

A) 45 
B) 50 
C) 55 
D) 60 
E) 65 
A) 45 
B) 50 
C) 55 
D) 60 
E) 65

Which one of the following is offered at the discretion of the employer?

Claims processing determines whether an employer has an obligation to fulfill a promise of payment when an employee asserts that disability or hospitalization has occurred.

Benefits need not be externally equitable.

Flu shot programs, staff appreciation events and first aid/CPR programs are in the top 10 wellness initiatives offered by employers.

Which of the following statements about employee benefits is true?

What is the reason behind defined-contribution plans gaining popularity over defined-benefit plans?

Which of the following employee benefits is NOT legally required?

Flexible plans make introduction of new benefits more costly.

Which of the following is the most frequently used method of communicating benefits to employees?

_________is an employer-sponsored pension plan where employee benefits are calculated based on a formula using factors such as salary history and employment duration.

Who contributes to the Employment Insurance (EI)?

Describe the two general strategies for controlling medical benefit costs.

_________refers to a specified dollar amount of claims paid by the employee each year before insurance benefits begin.

Which method of financing benefit plans allows costs to be shared between employer and employee?

Describe the three types of disability plans: short-term disability, sick leave, and long-term disability plans.

Long-term disability plans provide income protection due to long-term illness or injury that is not work-related.

Employer-sponsored plans that provide pay to an employee when he/she is unable to work because of a non-work-related illness or injury are termed as__________ plans.

An employee assistance plan (EAP)is a formal employer program that provides employees with:

How can medical benefit costs be controlled?

Disability benefits are payable to contributors who sustain a severe, prolonged mental or physical disability and are payable until age _________when the retirement pension begins.

Strategy: the Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Pay Structures

Defining Competitiveness

Designing Pay Levels, Pay Mix, and Pay Structures

Pay for Performance: Performance Appraisal and Plan Design

Pay-For-Performance Plans

The Role of Governments and Unions in Compensation

Compensation Budgets and Administration

Filters

Exam 9: Employee Benefits

Which one of the following is offered at the discretion of the employer?

Claims processing determines whether an employer has an obligation to fulfill a promise of payment when an employee asserts that disability or hospitalization has occurred.

Benefits need not be externally equitable.

Flu shot programs, staff appreciation events and first aid/CPR programs are in the top 10 wellness initiatives offered by employers.

Which of the following statements about employee benefits is true?

What is the reason behind defined-contribution plans gaining popularity over defined-benefit plans?

Which of the following employee benefits is NOT legally required?

Flexible plans make introduction of new benefits more costly.

Which of the following is the most frequently used method of communicating benefits to employees?

_________is an employer-sponsored pension plan where employee benefits are calculated based on a formula using factors such as salary history and employment duration.

Who contributes to the Employment Insurance (EI)?

Describe the two general strategies for controlling medical benefit costs.

_________refers to a specified dollar amount of claims paid by the employee each year before insurance benefits begin.

Which method of financing benefit plans allows costs to be shared between employer and employee?

Describe the three types of disability plans: short-term disability, sick leave, and long-term disability plans.

Long-term disability plans provide income protection due to long-term illness or injury that is not work-related.

Employer-sponsored plans that provide pay to an employee when he/she is unable to work because of a non-work-related illness or injury are termed as__________ plans.

An employee assistance plan (EAP)is a formal employer program that provides employees with:

How can medical benefit costs be controlled?

Disability benefits are payable to contributors who sustain a severe, prolonged mental or physical disability and are payable until age _________when the retirement pension begins.

Strategy: the Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Pay Structures

Defining Competitiveness

Designing Pay Levels, Pay Mix, and Pay Structures

Pay for Performance: Performance Appraisal and Plan Design

Pay-For-Performance Plans

The Role of Governments and Unions in Compensation

Compensation Budgets and Administration

Filters