Exam 11: Employee Benefits

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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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Employees can sue employers who deliberately mislead them about health and welfare benefits.

(True/False)
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A pension plan where contributions are made solely by the employer is referred to as a:

(Multiple Choice)
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Severance pay plans grant employees weekly benefits in addition to state unemployment compensation.

(True/False)
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Retired persons are eligible for Medicare at age:

(Multiple Choice)
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Describe the requirements and provisions of the Family and Medical Leave Act.

(Essay)
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Which of the following represents the greatest of money to which a dollar of employee compensation goes to in the United States?

(Multiple Choice)
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The Social Security program is funded by a tax paid by the employer,based on the employee's earnings.

(True/False)
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Annual interest earned on cash-balance pension plans are often tied to:

(Multiple Choice)
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Under the Family and Medical Leave Act,an employee returning to work does not necessarily have to be restored to his or her original job.

(True/False)
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Supplemental unemployment benefits are not required by law,and are usually funded by the employer.

(True/False)
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The decision on whether or not a pension plan should be offered is the responsibility of the:

(Multiple Choice)
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When communicating benefits packages to employees,using one,uniform method or technique is recommended for consistency,so that everyone hears the same message in the same way.

(True/False)
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Federal government employees can usually be expected to be paid for ____ holidays a year.

(Multiple Choice)
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Laid off employees who have been working in employment covered by the Social Security Act may get unemployment insurance benefits for up to ____ weeks.

(Multiple Choice)
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Some firms are penalizing employees for unhealthy habits by charging them higher health care premiums for habits such as smoking.

(True/False)
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Typically,in a 401(k)saving plan,the employer matches the employee contribution at the rate of 50 cents for every worker dollar contributed.

(True/False)
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Almost all workers with health coverage receive mental health benefits as part of their plans..

(True/False)
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Typically,employees are offered a basic or core benefits package of life and health insurance,sick leave,and vacation.

(True/False)
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Generation Y employees are probably less likely to be concerned with having pensions than Baby Boomers.

(True/False)
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