Question 1

Which of the following is one of the main reasons for increases in healthcare costs?

Accepted Answer

A)  more new workers entering the workforce 
B)  increasing occurrence of repetitive stress injuries 
C)  the popularity of flexible benefit plans 
D)  the increasing number of retiring employees 
E)  rising drug utilization by an aging population 
A)  more new workers entering the workforce 
B)  increasing occurrence of repetitive stress injuries 
C)  the popularity of flexible benefit plans 
D)  the increasing number of retiring employees 
E)  rising drug utilization by an aging population E

Question 2

Which of the following statements about employee benefits is true?

Accepted Answer

A)  Employee benefits of all types are mandated by law and are not discretionary. 
B)  Employee benefits are not part of a company's total compensation package. 
C)  Employee benefits are funded either by the government or the employer; not the employee. 
D)  Employee benefits of all types are discretionary and are not mandated by law. 
E)  Most employee benefits are not taxable. 
A)  Employee benefits of all types are mandated by law and are not discretionary. 
B)  Employee benefits are not part of a company's total compensation package. 
C)  Employee benefits are funded either by the government or the employer; not the employee. 
D)  Employee benefits of all types are discretionary and are not mandated by law. 
E)  Most employee benefits are not taxable. E

Question 3

What is vesting of pension benefits?

Accepted Answer

A)  It is the exclusion of new employees from benefits coverage until some term of employment is completed. 
B)  It is the reduction of benefits by any amount paid under a spouse's plan. 
C)  It is the negotiation some employers have with employees about wage concessions to reduce employer contributions to selected benefits. 
D)  It is a general strategy used to control medical benefit costs by promoting preventive health programs. 
E)  It occurs when employees become entitled to the employer-paid portion of pension benefits upon termination of employment. 
A)  It is the exclusion of new employees from benefits coverage until some term of employment is completed. 
B)  It is the reduction of benefits by any amount paid under a spouse's plan. 
C)  It is the negotiation some employers have with employees about wage concessions to reduce employer contributions to selected benefits. 
D)  It is a general strategy used to control medical benefit costs by promoting preventive health programs. 
E)  It occurs when employees become entitled to the employer-paid portion of pension benefits upon termination of employment. E

Question 4

Contributory costs feature the employee paying the full costs.

Accepted Answer

A) True 
 B)False

Question 5

A TFSA is a form of income security.

Accepted Answer

A) True 
 B)False

Question 6

Claims processing determines whether an employee is eligible for the benefit.

Accepted Answer

A) True 
 B)False

Question 7

Benefits administration involves three main functions: (1) communicating the benefits program, (2) claims processing, and (3) _____.

Accepted Answer

A)  legal compliance 
B)  competitor assessment 
C)  cost containment 
D)  tracking employee usage 
E)  revising benefits 
A)  legal compliance 
B)  competitor assessment 
C)  cost containment 
D)  tracking employee usage 
E)  revising benefits

Question 8

Which of the following is a proactive way to reduce absenteeism and disability costs?

Accepted Answer

A)  life insurance 
B)  medical insurance 
C)  flexible benefits 
D)  employee assistance programs 
E)  child care services and elder care 
A)  life insurance 
B)  medical insurance 
C)  flexible benefits 
D)  employee assistance programs 
E)  child care services and elder care

Question 9

Portability refers to _______.

Accepted Answer

A)  moving life insurance benefits between spouses 
B)  reaching the service time necessary to be entitled to the employer's contributions to the pension plan 
C)  moving from short-term disability to long-term disability 
D)  moving from a defined benefit plan to a defined contribution plan 
E)  transferring one's pension from one employer to another 
A)  moving life insurance benefits between spouses 
B)  reaching the service time necessary to be entitled to the employer's contributions to the pension plan 
C)  moving from short-term disability to long-term disability 
D)  moving from a defined benefit plan to a defined contribution plan 
E)  transferring one's pension from one employer to another

Question 10

A flexible benefit plan increases employee awareness of the true costs of benefits and therefore can decrease employee recognition of the value of the benefits the company offer

Accepted Answer

A) True 
 B)False

Question 11

List the various cost-containment strategies available to employers.

Accepted Answer

There are several cost-containment strat

Question 12

Discuss the four major administration issues that arise when setting up a benefits package.

Accepted Answer

When setting up a benefits package, ther

Question 13

Flexible benefits do not include required core benefits

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is an employee benefit required by law?

Accepted Answer

A)  breaks, vacation, and leaves 
B)  employee assistance plan 
C)  payments for vacation 
D)  employee stock ownership plan 
E)  severance pay plan 
A)  breaks, vacation, and leaves 
B)  employee assistance plan 
C)  payments for vacation 
D)  employee stock ownership plan 
E)  severance pay plan

Which of the following is one of the main reasons for increases in healthcare costs?

Which of the following statements about employee benefits is true?

What is vesting of pension benefits?

Contributory costs feature the employee paying the full costs.

A TFSA is a form of income security.

Claims processing determines whether an employee is eligible for the benefit.

Benefits administration involves three main functions: (1) communicating the benefits program, (2) claims processing, and (3) _____.

Which of the following is a proactive way to reduce absenteeism and disability costs?

Portability refers to _______.

A flexible benefit plan increases employee awareness of the true costs of benefits and therefore can decrease employee recognition of the value of the benefits the company offer

List the various cost-containment strategies available to employers.

Discuss the four major administration issues that arise when setting up a benefits package.

Flexible benefits do not include required core benefits

Which of the following is an employee benefit required by law?

The Pay Model

Strategy-The Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Pay Structures and Job Evaluation

Person-Based Pay Structures

Defining External Competitiveness

Designing Pay Levels, Pay Mix, and Pay Structures

Pay for Performance: Performance Appraisal and Plan Design

Pay-For-Performance Plans

The Roles of Governments and Unions in Compensation

Compensation Budgets and Administration

Filters

Exam 9: Employee Benefits

Which of the following is one of the main reasons for increases in healthcare costs?

Which of the following statements about employee benefits is true?

What is vesting of pension benefits?

Contributory costs feature the employee paying the full costs.

A TFSA is a form of income security.

Claims processing determines whether an employee is eligible for the benefit.

Benefits administration involves three main functions: (1) communicating the benefits program, (2) claims processing, and (3) _____.

Which of the following is a proactive way to reduce absenteeism and disability costs?

Portability refers to _______.

A flexible benefit plan increases employee awareness of the true costs of benefits and therefore can decrease employee recognition of the value of the benefits the company offer

List the various cost-containment strategies available to employers.

Discuss the four major administration issues that arise when setting up a benefits package.

Flexible benefits do not include required core benefits

Which of the following is an employee benefit required by law?

The Pay Model

Strategy-The Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Pay Structures and Job Evaluation

Person-Based Pay Structures

Defining External Competitiveness

Designing Pay Levels, Pay Mix, and Pay Structures

Pay for Performance: Performance Appraisal and Plan Design

Pay-For-Performance Plans

The Roles of Governments and Unions in Compensation

Compensation Budgets and Administration

Filters