Exam 11: Employee Benefits

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Most online benefits systems are adaptable and transfer information with full security.

Free
(True/False)
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Correct Answer:
Verified

False

In a defined-contribution pension plan,the amount an employee is to receive upon retirement is specifically set forth.

Free
(True/False)
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Correct Answer:
Verified

False

Organizations of physicians and other health care professionals that provide a wide range of services to subscribers on a prepaid basis are known as:

Free
(Multiple Choice)
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Correct Answer:
Verified

C

Which of the following is NOT a method that employers commonly use to communicate benefits to employees?

(Multiple Choice)
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As of 2014,firms that employ 50 or more people who work 30 or more hours per week but do not offer them health insurance will have to pay a penalty to the government.

(True/False)
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A 401(k)plan transfers responsibility for investment choices to the employee.

(True/False)
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Most companies require their employees to either take their vacation days by the end of the year or forfeit them.

(True/False)
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The Social Security Act was designed to protect workers against the loss of earnings?resulting from old age and unemployment.

(True/False)
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A popular plan that offers employees an opportunity to save through payroll deductions and have their contributions matched by the employer is known as the:

(Multiple Choice)
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The _____ mandates that employers make health care coverage,at the same rate the employer would pay,available to employees,their spouses,and their dependents on termination of employment,death,or divorce.

(Multiple Choice)
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Workers' compensation programs serve to prevent financial disaster to employees who are injured or become ill through their work.

(True/False)
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The Family and Medical Leave Act provides all of the following EXCEPT:

(Multiple Choice)
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An advantage of a health savings account is that if there are funds remaining in the account at the end of the year the money:

(Multiple Choice)
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Describe issues that employers have to consider while providing domestic partner benefits.

(Essay)
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To help employees pay for the college expenses of their children and other family members,an increasing number of companies are offering _____.

(Multiple Choice)
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Unemployment compensation payments to individuals vary according to:

(Multiple Choice)
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A need for a new benefit should be established through consultation with employees before it is introduced.

(True/False)
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The communication of employee benefits information improved significantly with the passage of the _____.

(Multiple Choice)
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Under the Family and Medical Leave Act,if an employee is returned to an equivalent job,rather than his/her original job,the equivalent job must have:

(Multiple Choice)
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Holiday pay,sick leave,and vacation pay are examples of:

(Multiple Choice)
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