Exam 11: Employee Benefits

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According to the "payment for time not worked" category,all workers are guaranteed at least ten paid holidays each year.

(True/False)
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Describe some of the ways employers have been trying to contain health insurance costs.

(Essay)
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The Family and Medical Leave Act:

(Multiple Choice)
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Compensation specialists often see flexible benefits plans as ideal.

(True/False)
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A major objective of the Pension Protection Act is to _____ 401(k)pension plans.

(Multiple Choice)
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​Unlike defined benefit pension plan,which guarantees nothing,the 401(k)plan guarantees payments based on years of service.

(True/False)
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Surveys show that employees who are satisfied with their benefits are more likely to be satisfied with their jobs.

(True/False)
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Generally speaking,a firm with a record of laying off large numbers of employees will have to pay a lower rate than those that do not.

(True/False)
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Workers' compensation insurance rates depend on the seriousness of the occupations,each state's level of benefits for injuries,and the company's frequency and severity of employee injury.

(True/False)
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Employers are tailoring their benefits programs to be family-friendly,because employees desire more work-life balance.

(True/False)
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Which of the following is NOT a benefit covered under Social Security insurance?

(Multiple Choice)
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Employer-sponsored child care programs and elder care programs are similar because:

(Multiple Choice)
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Today,the majority of U.S.employees get health coverage through their employers.

(True/False)
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Despite its high unemployment rate,in 2011,_____ became the first state to cut the number of weeks to 20 because its unemployment fund was so far in the red.

(Multiple Choice)
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A portion of the payroll taxes is paid by workers and matched by their employers.In 2011,workers and their employers each paid _____ percent on every dollar of salary or wages paid.

(Multiple Choice)
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Today,employers are required to provide pension plans to all full-time employees.

(True/False)
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With contributory pension plans,contributions are made jointly by employers and the government.

(True/False)
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When communicating benefits programs to employees use:

(Multiple Choice)
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Individuals can receive Social Security benefits as early as age:

(Multiple Choice)
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Unlike preferred provider organizations (PPOs),where employees may have little choice in the doctor they see,health maintenance organizations (HMOs)allow employees to select their doctor of choice from a list of physicians.

(True/False)
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