Exam 13: Benefits and Services

Which of the following is a popular workers' compensation cost-control measure that involves coordinating the medical care and health insurance coverage for each injured employee?

Medicare provides a wide range of health services to people ________ or over.

Which of the following provides lower rates for the employer or employee and includes all employees regardless of health,physical condition,or length of employment?

Which of the following occupations is commonly subjected to compressed workweeks?

Legally required benefits,such as unemployment insurance,are more costly to employers than health insurance.

Which health benefit is offered by almost all employers?

There is no limit to the amount an employee can contribute pre-tax into a 401(k)plan each year.

Curt works at a computer firm that is experiencing financial difficulties.In an attempt to save money and prevent layoffs,the firm is enforcing a temporary reduction in work hours for Curt's division.Curt now works 35 hours a week instead of 40.Which of the following most likely describes this situation?

Which of the following provides guidelines regarding what rates of return employers should use in computing their pension plan values?

When an employer makes all of the contributions to the pension plan,the pension plan is classified as ________.

Orion is a business software firm based in Atlanta that employs over 400 people.Orion has traditionally provided legislatively required benefits for its employees including Social Security,workers' compensation,and unemployment insurance.In addition,Orion offers employees health and dental insurance.Orion employees work Monday through Friday on a 9 to 5 schedule.Orion's top executives are considering the idea of adding a flexible benefits plan and implementing a flexible work schedule. All of the following questions are relevant to Orion's decision to offer flextime and job sharing options to its employees EXCEPT ________.

Social Security offers all of the following EXCEPT ________.

Which of the following conditions must be met for an injured employee to earn workers' compensation from the employer?

Flextime for most employees typically involves one hour of leeway before 9 am or after 5 pm.

Elizabeth works at an auto manufacturing firm that recently shut down for five weeks to change machinery.However,during the shutdown,Elizabeth was able to maintain her standard of living because of the firm's ________.

Orion is a business software firm based in Atlanta that employs over 400 people.Orion has traditionally provided legislatively required benefits for its employees including Social Security,workers' compensation,and unemployment insurance.In addition,Orion offers employees health and dental insurance.Orion employees work Monday through Friday on a 9 to 5 schedule.Orion's top executives are considering the idea of adding a flexible benefits plan and implementing a flexible work schedule. Which of the following,if true,undermines the argument that Orion should offer its employees a cafeteria plan?

All of the following benefits are required by federal or state law EXCEPT ________.

Jenny must contribute at least 5% of her annual salary to her pension plan,and her employer contributes a set amount as well.She is given choices regarding how the money is invested.When she retires,the amount she has available will depend on how much she invested herself,and the rate of return on the investments she chose.This pension plan is most likely classified as ________.

Employee benefits account for about one-third of wages and salaries.

Which of the following best describes the purpose of the Newborn Mother's Protection Act?