Question 1

Management at ABC Inc. wants to introduce a new benefit that is not required by law. Which of the following should it do first?

Accepted Answer

A)  develop an HRIS system to help with its administration 
B)  establish that there is a need for it 
C)  lobby the government to make it mandatory 
D)  hire a consulting firm to roll it out 
A)  develop an HRIS system to help with its administration 
B)  establish that there is a need for it 
C)  lobby the government to make it mandatory 
D)  hire a consulting firm to roll it out

Question 2

In Canada, registered retirement savings plans (RRSPs) have grown significantly over the past few years. Which of the following is a key reason for this growth?

Accepted Answer

A)  Minimum wage earners now have more disposable income and they are contributing. 
B)  The funds accumulate tax-free until they are withdrawn. 
C)  The rich-poor gap is narrowing, thus people have more money to invest. 
D)  RRSPs are a part of stock plans-which are growing. 
A)  Minimum wage earners now have more disposable income and they are contributing. 
B)  The funds accumulate tax-free until they are withdrawn. 
C)  The rich-poor gap is narrowing, thus people have more money to invest. 
D)  RRSPs are a part of stock plans-which are growing.

Question 3

Since provincial health care benefits cover basic health care services, very few employers offer supplementary health benefits.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is NOT an example of family-friendly benefits?

Accepted Answer

A)  employer-provided child-care services 
B)  flexible work hours 
C)  subsidized dependant care 
D)  increased over-time requirements 
A)  employer-provided child-care services 
B)  flexible work hours 
C)  subsidized dependant care 
D)  increased over-time requirements

Question 5

Most of the pension plans in privately held organizations are contributory.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is a key reason why employers need to communicate the extent and value of the benefits they provide?

Accepted Answer

A)  This is required by the law. 
B)  Employees generally underestimate the value of the benefits offered. 
C)  It immediately reduces the overall costs. 
D)  The HR department needs this information for its newsletters. 
A)  This is required by the law. 
B)  Employees generally underestimate the value of the benefits offered. 
C)  It immediately reduces the overall costs. 
D)  The HR department needs this information for its newsletters.

Question 7

Employee assistance programs (EAPs) help employees mainly with relocation costs.

Accepted Answer

A) True 
 B)False

Question 8

What does vesting guarantee?

Accepted Answer

A)  withdrawal of benefits at any time 
B)  accrued pension benefits at retirement age 
C)  automatic funding of pension plans 
D)  selection of pension options 
A)  withdrawal of benefits at any time 
B)  accrued pension benefits at retirement age 
C)  automatic funding of pension plans 
D)  selection of pension options

Question 9

Long-term disability plans normally provide a disabled employee with 90-100 percent of their pre-disability income.

Accepted Answer

A) True 
 B)False

Question 10

Many employers provide unneeded and unwanted types of medical benefits to their employees.

Accepted Answer

A) True 
 B)False

Question 11

Many employers now offer additional health care benefits such as dental and prescription drug coverage.

Accepted Answer

A) True 
 B)False

Question 12

James Callaghan has worked full-time for BC Metals for four years. He has learned from the HR manager that his earned pension benefits cannot be revoked by the employer. Why is this so?

Accepted Answer

A)  because the employer expects him to work until retirement 
B)  because the benefits are vested 
C)  because the union would strike if they are revoked 
D)  because the benefits are defined 
A)  because the employer expects him to work until retirement 
B)  because the benefits are vested 
C)  because the union would strike if they are revoked 
D)  because the benefits are defined

Question 13

How has the diverse workforce impacted benefits programs?

Accepted Answer

A)  by requiring benefit programs to consider family-friendly options 
B)  by requiring lower out-of-pocket costs for employees 
C)  by requiring greater pension contributions by employers 
D)  by requiring benefits packages to cover part-time as well as full-time employees 
A)  by requiring benefit programs to consider family-friendly options 
B)  by requiring lower out-of-pocket costs for employees 
C)  by requiring greater pension contributions by employers 
D)  by requiring benefits packages to cover part-time as well as full-time employees

Question 14

Employer-sponsored employee assistance programs (EAPs) are created to help workers overcome hurdles in their personal lives. Which of the following employees is the most likely to receive help under a typical EAP?

Accepted Answer

A)  John Jones, who needs assistance to overcome a chemical dependency problem. 
B)  Steve Brown, who needs legal help in a personal bankruptcy proceeding. 
C)  Cindy Savage, who needs a list of qualified day-care facilities near the office. 
D)  Kate Johnson, who needs help choosing an appropriate M.B.A. program. 
A)  John Jones, who needs assistance to overcome a chemical dependency problem. 
B)  Steve Brown, who needs legal help in a personal bankruptcy proceeding. 
C)  Cindy Savage, who needs a list of qualified day-care facilities near the office. 
D)  Kate Johnson, who needs help choosing an appropriate M.B.A. program.

Question 15

The Canada and Quebec Pension Plans both require employer and employee contributions.

Accepted Answer

A) True 
 B)False

Question 16

Ideally, which of the following should apply to an organization's benefits system?

Accepted Answer

A)  It should mirror that of the competition, so as to attract top applicants. 
B)  It should be restricted to mandatory benefits. 
C)  It should be aligned to the overall strategy of the organization. 
D)  It should be more than 50 percent of payroll costs, so as to be competitive. 
A)  It should mirror that of the competition, so as to attract top applicants. 
B)  It should be restricted to mandatory benefits. 
C)  It should be aligned to the overall strategy of the organization. 
D)  It should be more than 50 percent of payroll costs, so as to be competitive.

Question 17

Many firms outsource their cafeteria plans to a professional vendor because of the complexity of administering the system.

Accepted Answer

A) True 
 B)False

Question 18

Compare and contrast the risks to the employee in regard to defined-contribution and defined-benefit pension plans.

Accepted Answer

In a defined benefit pension plan, retir

Question 19

Which of the following usually increases the costs of benefits?

Accepted Answer

A)  outsourcing 
B)  the adoption of flexible benefits 
C)  an increase in base pay 
D)  the use of deductibles 
A)  outsourcing 
B)  the adoption of flexible benefits 
C)  an increase in base pay 
D)  the use of deductibles

Question 20

With contributory pension plans, contributions are made jointly by employers and the government.

Accepted Answer

A) True 
 B)False

Management at ABC Inc. wants to introduce a new benefit that is not required by law. Which of the following should it do first?

In Canada, registered retirement savings plans (RRSPs) have grown significantly over the past few years. Which of the following is a key reason for this growth?

Since provincial health care benefits cover basic health care services, very few employers offer supplementary health benefits.

Which of the following is NOT an example of family-friendly benefits?

Most of the pension plans in privately held organizations are contributory.

Which of the following is a key reason why employers need to communicate the extent and value of the benefits they provide?

Employee assistance programs (EAPs) help employees mainly with relocation costs.

What does vesting guarantee?

Long-term disability plans normally provide a disabled employee with 90-100 percent of their pre-disability income.

Many employers provide unneeded and unwanted types of medical benefits to their employees.

Many employers now offer additional health care benefits such as dental and prescription drug coverage.

James Callaghan has worked full-time for BC Metals for four years. He has learned from the HR manager that his earned pension benefits cannot be revoked by the employer. Why is this so?

How has the diverse workforce impacted benefits programs?

Employer-sponsored employee assistance programs (EAPs) are created to help workers overcome hurdles in their personal lives. Which of the following employees is the most likely to receive help under a typical EAP?

The Canada and Quebec Pension Plans both require employer and employee contributions.

Ideally, which of the following should apply to an organization's benefits system?

Many firms outsource their cafeteria plans to a professional vendor because of the complexity of administering the system.

Compare and contrast the risks to the employee in regard to defined-contribution and defined-benefit pension plans.

Which of the following usually increases the costs of benefits?

With contributory pension plans, contributions are made jointly by employers and the government.

The World of Human Resources Management

Strategy and Human Resources Planning

Equity and Diversity in Human Resources Management

Job Analysis, Employee Involvement, and Flexible Work Schedules

Expanding the Talent Pool: Recruitment and Careers

Employee Selection

Training and Development

Appraising and Improving Performance

Managing Compensation

Pay For Performance: Incentive Rewards

Safety and Health

Employee Rights and Discipline

The Dynamics of Labour Relations

International Human Resources Management

Creating High Performance Work Systems

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Exam 11: Employee Benefits

Management at ABC Inc. wants to introduce a new benefit that is not required by law. Which of the following should it do first?

In Canada, registered retirement savings plans (RRSPs) have grown significantly over the past few years. Which of the following is a key reason for this growth?

Since provincial health care benefits cover basic health care services, very few employers offer supplementary health benefits.

Which of the following is NOT an example of family-friendly benefits?

Most of the pension plans in privately held organizations are contributory.

Which of the following is a key reason why employers need to communicate the extent and value of the benefits they provide?

Employee assistance programs (EAPs) help employees mainly with relocation costs.

What does vesting guarantee?

Long-term disability plans normally provide a disabled employee with 90-100 percent of their pre-disability income.

Many employers provide unneeded and unwanted types of medical benefits to their employees.

Many employers now offer additional health care benefits such as dental and prescription drug coverage.

James Callaghan has worked full-time for BC Metals for four years. He has learned from the HR manager that his earned pension benefits cannot be revoked by the employer. Why is this so?

How has the diverse workforce impacted benefits programs?

Employer-sponsored employee assistance programs (EAPs) are created to help workers overcome hurdles in their personal lives. Which of the following employees is the most likely to receive help under a typical EAP?

The Canada and Quebec Pension Plans both require employer and employee contributions.

Ideally, which of the following should apply to an organization's benefits system?

Many firms outsource their cafeteria plans to a professional vendor because of the complexity of administering the system.

Compare and contrast the risks to the employee in regard to defined-contribution and defined-benefit pension plans.

Which of the following usually increases the costs of benefits?

With contributory pension plans, contributions are made jointly by employers and the government.

The World of Human Resources Management

Strategy and Human Resources Planning

Equity and Diversity in Human Resources Management

Job Analysis, Employee Involvement, and Flexible Work Schedules

Expanding the Talent Pool: Recruitment and Careers

Employee Selection

Training and Development

Appraising and Improving Performance

Managing Compensation

Pay For Performance: Incentive Rewards

Safety and Health

Employee Rights and Discipline

The Dynamics of Labour Relations

International Human Resources Management

Creating High Performance Work Systems

Filters