Question 1

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 2

Who contributes to the Employment Insurance (EI)?

Accepted Answer

The EI program is funded entirely by con

Question 3

Flexible plans make introduction of new benefits more costly.

Accepted Answer

A) True 
 B)False

Question 4

List three disadvantages of a flexible benefit program.

Accepted Answer

Flexible benefit programs have the follo

Question 5

How can medical benefit costs be controlled?

Accepted Answer

There are two general strategies availab

Question 6

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 7

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 8

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 9

What is the purpose of Canada Pension Plan?

Accepted Answer

Canada Pension Plan is a mandatory, gove

Question 10

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

Question 11

Benefits need not be externally equitable.

Accepted Answer

A) True 
 B)False

Question 12

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 13

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

Question 14

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

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Describe the two general strategies for controlling medical benefit costs.

Accepted Answer

There are two general strategies availab

Question 17

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 18

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 19

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 20

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

Accepted Answer

A) True 
 B)False

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

Who contributes to the Employment Insurance (EI)?

Flexible plans make introduction of new benefits more costly.

List three disadvantages of a flexible benefit program.

How can medical benefit costs be controlled?

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

Which of the following is true of defined benefit plan?

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

What is the purpose of Canada Pension Plan?

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

Benefits need not be externally equitable.

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.

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.

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

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

Describe the two general strategies for controlling medical benefit costs.

What is vesting?

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

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

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

The Pay Model

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

Who contributes to the Employment Insurance (EI)?

Flexible plans make introduction of new benefits more costly.

List three disadvantages of a flexible benefit program.

How can medical benefit costs be controlled?

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

Which of the following is true of defined benefit plan?

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

What is the purpose of Canada Pension Plan?

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

Benefits need not be externally equitable.

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.

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.

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

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

Describe the two general strategies for controlling medical benefit costs.

What is vesting?

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

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

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

The Pay Model

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