Exam 11: Employee Benefits

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Omar Morales, an older employee, is considering an early retirement package that his employer has offered; it includes improved benefits and cash bonuses. What is the term for this type of inducement?

(Multiple Choice)
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The Canada and Quebec Pension Plans both require employer and employee contributions.

(True/False)
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A key issue in the 2009 Toronto municipal workers' strike related to the use of banked sick days. How is the accumulation of sick days generally regarded in the literature?

(Multiple Choice)
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Which of the following is NOT a benefit provided under CPP/QPP?

(Multiple Choice)
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What considerations should an organization make in implementing an effective benefits program?

(Essay)
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When organizations need to reduce their workforce, "silver handshakes" are sometimes used to encourage employees to retire before they had originally planned.

(True/False)
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How are childcare programs and eldercare programs similar?

(Multiple Choice)
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Many employers provide unneeded and unwanted types of medical benefits to their employees.

(True/False)
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In addition to paid holidays, some employers give workers additional personal use days.

(True/False)
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Benefits programs should be based on specific objectives in line with the organization's strategic compensation plan.

(True/False)
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Which of the following do employers often use to obtain employee input regarding benefits packages?

(Multiple Choice)
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The Meat Shop, one of Canada's best employers according to a recent survey, is considering ways to contain its rising benefits costs. What is NOT a wise option for the Meat Shop?

(Multiple Choice)
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From a pension perspective, what is a key issue concerning the aging of baby boomers in Canada?

(Multiple Choice)
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In a defined-benefit plan, the retirement benefit is determined according to a predetermined formula.

(True/False)
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Only employees contribute to the Employment Insurance (EI)fund.

(True/False)
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Tommy Lee remembers his grandfather telling him how working in the coal mines was a tough job and that if you left the employer before retirement age you did not get your pension. Which of the following applies to this type of pension?

(Multiple Choice)
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Since provincial health care benefits cover basic health care services, very few employers offer supplementary health benefits.

(True/False)
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It is primarily the responsibility of the employee to remain informed about the benefits he or she receives.

(True/False)
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Which statement does NOT describe workers' compensation?

(Multiple Choice)
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Which statement best describes flexible benefit plans?

(Multiple Choice)
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