Question 1

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 2

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.

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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 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 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 7

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 8

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 9

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 10

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.

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?

Which of the following is true of Employment Insurance program?

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

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

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

Which of the following statements about employee benefits is true?

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 long-term disability plans?

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

Which of the following is true of Workers' Compensation?

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

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?

Which of the following is true of Employment Insurance program?

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

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

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

Which of the following statements about employee benefits is true?

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 long-term disability plans?

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

Which of the following is true of Workers' Compensation?

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