Question 1

Which of the following is a disadvantage of flexible benefit plans?

Accepted Answer

A) Flexible plans make introduction of new benefits more costly. 
B) Flexible plans are not suited for companies with diverse workforce. 
C) Flexible plans decrease the value of benefits as perceived by employees. 
D) Flexible plans increase administrative burdens and expenses. 
E) Flexible plans fail to equip firms to meet the changing needs of employees. 
A) Flexible plans make introduction of new benefits more costly. 
B) Flexible plans are not suited for companies with diverse workforce. 
C) Flexible plans decrease the value of benefits as perceived by employees. 
D) Flexible plans increase administrative burdens and expenses. 
E) Flexible plans fail to equip firms to meet the changing needs of employees.

Question 2

Which of the following is true of long-term disability plans?

Accepted Answer

A) The payments typically begin after 48 weeks of disability. 
B) They usually provide 50 percent to 75 percent of the employee's base pay. 
C) They provide protection only if the disability was caused due to the nature of work. 
D) They provide a fixed annual income to all retired employees. 
E) They are taxable if the employee pays the full cost of the plan. 
A) The payments typically begin after 48 weeks of disability. 
B) They usually provide 50 percent to 75 percent of the employee's base pay. 
C) They provide protection only if the disability was caused due to the nature of work. 
D) They provide a fixed annual income to all retired employees. 
E) They are taxable if the employee pays the full cost of the plan.

Question 3

Under which of the following cost containment strategies are the benefits of an employee reduced by any benefits payable under his or her spouse's plan?

Accepted Answer

A) coordination of benefits 
B) deductibles 
C) coinsurance 
D) administrative cost containment 
E) benefit maximums 
A) coordination of benefits 
B) deductibles 
C) coinsurance 
D) administrative cost containment 
E) benefit maximums

Question 4

In defined benefit plan, employees assume the risks associated with changes in inflation and interest rates.

Accepted Answer

A) True 
 B)False

Question 5

Any evaluation of employee benefits must be placed in the context of total compensation costs.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following factors relate to employee preferences in determining desirable components of a benefits package?

Accepted Answer

A) relationship to total compensation costs 
B) competitor offerings 
C) costs relative to benefits 
D) legal requirements 
E) perceived fairness 
A) relationship to total compensation costs 
B) competitor offerings 
C) costs relative to benefits 
D) legal requirements 
E) perceived fairness

Question 7

Which is the biggest cost-containment strategy used in benefit programs in recent years?

Accepted Answer

Probably the biggest cost-containment st

Question 8

What is the purpose of Canada Pension Plan?

Accepted Answer

Canada Pension Plan is a mandatory, gove

Question 9

Because future cost estimates may be difficult to project, it is imperative that benefits administrators reduce uncertainty.

Accepted Answer

A) True 
 B)False

Question 10

Employees perceive benefits as being dependent on how well they perform.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is true of Employment Insurance program?

Accepted Answer

A) It is payable even if an employee quits without good reason. 
B) It is funded entirely by contributions from the employer. 
C) It applies to workers who are self-employed. 
D) It is not included in taxable income. 
E) It provides temporary income to employees during adoption leave period. 
A) It is payable even if an employee quits without good reason. 
B) It is funded entirely by contributions from the employer. 
C) It applies to workers who are self-employed. 
D) It is not included in taxable income. 
E) It provides temporary income to employees during adoption leave period.

Which of the following is a disadvantage of flexible benefit plans?

Which of the following is true of long-term disability plans?

Under which of the following cost containment strategies are the benefits of an employee reduced by any benefits payable under his or her spouse's plan?

In defined benefit plan, employees assume the risks associated with changes in inflation and interest rates.

Any evaluation of employee benefits must be placed in the context of total compensation costs.

Which of the following factors relate to employee preferences in determining desirable components of a benefits package?

Which is the biggest cost-containment strategy used in benefit programs in recent years?

What is the purpose of Canada Pension Plan?

Because future cost estimates may be difficult to project, it is imperative that benefits administrators reduce uncertainty.

Employees perceive benefits as being dependent on how well they perform.

Which of the following is true of Employment Insurance program?

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 of the following is a disadvantage of flexible benefit plans?

Which of the following is true of long-term disability plans?

Under which of the following cost containment strategies are the benefits of an employee reduced by any benefits payable under his or her spouse's plan?

In defined benefit plan, employees assume the risks associated with changes in inflation and interest rates.

Any evaluation of employee benefits must be placed in the context of total compensation costs.

Which of the following factors relate to employee preferences in determining desirable components of a benefits package?

Which is the biggest cost-containment strategy used in benefit programs in recent years?

What is the purpose of Canada Pension Plan?

Because future cost estimates may be difficult to project, it is imperative that benefits administrators reduce uncertainty.

Employees perceive benefits as being dependent on how well they perform.

Which of the following is true of Employment Insurance program?

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