Question 1

Disability income payments cannot be limited to some maximum percentage of income.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following plans is funded by the employer alone?

Accepted Answer

A) defined contribution pension plans 
B) Quebec pension plan 
C) defined benefit pension plans 
D) Employment Insurance 
E) coinsurance 
A) defined contribution pension plans 
B) Quebec pension plan 
C) defined benefit pension plans 
D) Employment Insurance 
E) coinsurance

Question 3

What is vesting?

Accepted Answer

A) It is a general strategy used to control medical benefit costs by promoting preventive health programs. 
B) It is the employee's right to the employer-paid portion of pension benefits within a certain period of time even if he or she no longer works for the employer. 
C) It is the negotiation some employers have with employees about wage concessions to reduce employer contributions to selected benefits. 
D) It is the reduction of benefits by any amount paid under a spouse's plan. 
E) It is the exclusion of new employees from benefits coverage until some term of employment is completed. 
A) It is a general strategy used to control medical benefit costs by promoting preventive health programs. 
B) It is the employee's right to the employer-paid portion of pension benefits within a certain period of time even if he or she no longer works for the employer. 
C) It is the negotiation some employers have with employees about wage concessions to reduce employer contributions to selected benefits. 
D) It is the reduction of benefits by any amount paid under a spouse's plan. 
E) It is the exclusion of new employees from benefits coverage until some term of employment is completed.

Question 4

Which of the following is true of Workers' Compensation?

Accepted Answer

A) They provide benefits for loss of earnings due to permanent disability; not temporary. 
B) Employees are not eligible for cover if their actions caused the injury. 
C) The complete cost of administering and paying out for the plan is borne by the employer. 
D) They cover injuries and diseases that are not work-related. 
E) The contributions made to the plan are subject to tax. 
A) They provide benefits for loss of earnings due to permanent disability; not temporary. 
B) Employees are not eligible for cover if their actions caused the injury. 
C) The complete cost of administering and paying out for the plan is borne by the employer. 
D) They cover injuries and diseases that are not work-related. 
E) The contributions made to the plan are subject to tax.

Question 5

Which of the following is true of defined contribution plan?

Accepted Answer

A) It is more favourable to long-service employees. 
B) It provides an explicit benefit which is easily communicated. 
C) It does not make employer costs known. 
D) It makes the employer accountable for the risks associated with changes in inflation and interest rates. 
E) It does not require managing of surplus or deficit in pension fund. 
A) It is more favourable to long-service employees. 
B) It provides an explicit benefit which is easily communicated. 
C) It does not make employer costs known. 
D) It makes the employer accountable for the risks associated with changes in inflation and interest rates. 
E) It does not require managing of surplus or deficit in pension fund.

Question 6

Which of the following provides temporary income replacement for employed Canadians who face employment interruptions due to shortage of work or sickness?

Accepted Answer

A) Supplementary Unemployment Benefit Plans 
B) Employment Insurance 
C) Old age Security Program 
D) Workers' Compensation 
E) Quebec Pension Plan 
A) Supplementary Unemployment Benefit Plans 
B) Employment Insurance 
C) Old age Security Program 
D) Workers' Compensation 
E) Quebec Pension Plan

Question 7

List the key issues in benefits planning, design, and administration.

Accepted Answer

The key issues in be

Question 8

List three disadvantages of a flexible benefit program.

Accepted Answer

Flexible benefit programs have the follo

Question 9

Most employee benefits are not taxable and thus offer a cost advantage.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is a feature of a salary continuation plan?

Accepted Answer

A) It covers only work-related illness or injury. 
B) It provides income protection due to long-term illness or injury. 
C) It typically provides full pay for some period of time, often two or three weeks. 
D) It grants a specified number of paid sick days per month or per year. 
E) It typically begins paying after 26 weeks of disability and continues to age 65 or for life. 
A) It covers only work-related illness or injury. 
B) It provides income protection due to long-term illness or injury. 
C) It typically provides full pay for some period of time, often two or three weeks. 
D) It grants a specified number of paid sick days per month or per year. 
E) It typically begins paying after 26 weeks of disability and continues to age 65 or for life.

Question 11

are an arrangement by which employees work a reduced workweek and receive Employment Insurance benefits for the remainder of the week.

Accepted Answer

A) Employee assistance programs 
B) Supplementary unemployment benefit plans 
C) Vesting programs 
D) Work-sharing programs 
E) Workers' compensation plans 
A) Employee assistance programs 
B) Supplementary unemployment benefit plans 
C) Vesting programs 
D) Work-sharing programs 
E) Workers' compensation plans

Question 12

Employment Insurance is a government-mandated employment-related benefit.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is an employee benefit required by law?

Accepted Answer

A) employee stock ownership plan 
B) severance pay plan 
C) employee assistance plan 
D) payments for vacation 
E) Employment Insurance 
A) employee stock ownership plan 
B) severance pay plan 
C) employee assistance plan 
D) payments for vacation 
E) Employment Insurance

Question 14

A disadvantage of the traditional benefits package was that a package was designed with the average employee in mind, and any deviations in needs simply went unsatisfied.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is true of defined benefit plan?

Accepted Answer

A) It makes the employee bear the risks associated with changes in inflation and interest rates. 
B) It does not require managing of surplus or deficit in pension fund. 
C) It is more favourable to short-term employees. 
D) It allows employer costs to be known up front. 
E) It provides an explicit benefit which is easily communicated. 
A) It makes the employee bear the risks associated with changes in inflation and interest rates. 
B) It does not require managing of surplus or deficit in pension fund. 
C) It is more favourable to short-term employees. 
D) It allows employer costs to be known up front. 
E) It provides an explicit benefit which is easily communicated.

Question 16

Flexible benefits help companies save on cost.

Accepted Answer

A) True 
 B)False

Question 17

What is the purpose of Workers' Compensation?

Accepted Answer

Workers' Compensation provides non-taxab

Question 18

Supplementary unemployment benefit plans and work-sharing programs are mandatory benefits.

Accepted Answer

A) True 
 B)False

Question 19

What can be attributed to the growth in employee benefits?

Accepted Answer

The government has played a key role in

Question 20

Which of the following is a strategy used by managers to control the costs of health care?

Accepted Answer

A) offering defined benefit pension plans 
B) offering long-term disability plans 
C) offering a short vesting period on pension plans 
D) offering wellness programs 
E) offering workers' compensation insurance 
A) offering defined benefit pension plans 
B) offering long-term disability plans 
C) offering a short vesting period on pension plans 
D) offering wellness programs 
E) offering workers' compensation insurance

Disability income payments cannot be limited to some maximum percentage of income.

Which of the following plans is funded by the employer alone?

What is vesting?

Which of the following is true of Workers' Compensation?

Which of the following is true of defined contribution plan?

Which of the following provides temporary income replacement for employed Canadians who face employment interruptions due to shortage of work or sickness?

List the key issues in benefits planning, design, and administration.

List three disadvantages of a flexible benefit program.

Most employee benefits are not taxable and thus offer a cost advantage.

Which of the following is a feature of a salary continuation plan?

are an arrangement by which employees work a reduced workweek and receive Employment Insurance benefits for the remainder of the week.

Employment Insurance is a government-mandated employment-related benefit.

Which of the following is an employee benefit required by law?

A disadvantage of the traditional benefits package was that a package was designed with the average employee in mind, and any deviations in needs simply went unsatisfied.

Which of the following is true of defined benefit plan?

Flexible benefits help companies save on cost.

What is the purpose of Workers' Compensation?

Supplementary unemployment benefit plans and work-sharing programs are mandatory benefits.

What can be attributed to the growth in employee benefits?

Which of the following is a strategy used by managers to control the costs of health care?

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

Disability income payments cannot be limited to some maximum percentage of income.

Which of the following plans is funded by the employer alone?

What is vesting?

Which of the following is true of Workers' Compensation?

Which of the following is true of defined contribution plan?

Which of the following provides temporary income replacement for employed Canadians who face employment interruptions due to shortage of work or sickness?

List the key issues in benefits planning, design, and administration.

List three disadvantages of a flexible benefit program.

Most employee benefits are not taxable and thus offer a cost advantage.

Which of the following is a feature of a salary continuation plan?

are an arrangement by which employees work a reduced workweek and receive Employment Insurance benefits for the remainder of the week.

Employment Insurance is a government-mandated employment-related benefit.

Which of the following is an employee benefit required by law?

A disadvantage of the traditional benefits package was that a package was designed with the average employee in mind, and any deviations in needs simply went unsatisfied.

Which of the following is true of defined benefit plan?

Flexible benefits help companies save on cost.

What is the purpose of Workers' Compensation?

Supplementary unemployment benefit plans and work-sharing programs are mandatory benefits.

What can be attributed to the growth in employee benefits?

Which of the following is a strategy used by managers to control the costs of health care?

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