Question 1

Which of the following is NOT a source of unexpected cost for defined benefit plans?

Accepted Answer

A)  work force diversity 
B)  inflation 
C)  negative market returns 
D)  life expectancy increases 
A)  work force diversity 
B)  inflation 
C)  negative market returns 
D)  life expectancy increases

Question 2

Which of the following plans would NOT be classified as noncontributory?

Accepted Answer

A)  defined benefit pension plans 
B)  defined contribution pension plans 
C)  deferred profit-sharing plans 
D)  registered retirement saving plans 
A)  defined benefit pension plans 
B)  defined contribution pension plans 
C)  deferred profit-sharing plans 
D)  registered retirement saving plans

Question 3

Mandatory benefits are those components of indirect pay that the employer makes compulsory for all employees.

Accepted Answer

A) True 
 B)False

Question 4

Life and accident insurance is almost always included in benefit plans. Which of the following statements relating to life and accident insurance is NOT true?

Accepted Answer

A)  Often a spouse or partner may be included under the coverage. 
B)  Coverage amounts may be increased at the employee's expense, or on a cost-sharing basis. 
C)  Often the coverage is based on a multiple of the employee's annual salary. 
D)  Recent changes to the tax code have made group life insurance products much more tax-friendly to employees. 
A)  Often a spouse or partner may be included under the coverage. 
B)  Coverage amounts may be increased at the employee's expense, or on a cost-sharing basis. 
C)  Often the coverage is based on a multiple of the employee's annual salary. 
D)  Recent changes to the tax code have made group life insurance products much more tax-friendly to employees.

Question 5

Which of the following plans allows you to tailor your benefit plan to suit your needs and even trade off benefits that are not important to you?

Accepted Answer

A)  health care spending accounts 
B)  simplified flex plan 
C)  flexible benefits plan 
D)  fixed benefits plan 
A)  health care spending accounts 
B)  simplified flex plan 
C)  flexible benefits plan 
D)  fixed benefits plan

Which of the following is NOT a source of unexpected cost for defined benefit plans?

Which of the following plans would NOT be classified as noncontributory?

Mandatory benefits are those components of indirect pay that the employer makes compulsory for all employees.

Life and accident insurance is almost always included in benefit plans. Which of the following statements relating to life and accident insurance is NOT true?

Which of the following plans allows you to tailor your benefit plan to suit your needs and even trade off benefits that are not important to you?

A Road Map to Effective Compensation

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: The Job Evaluation Process

Evaluating Jobs: The Point Method of Job Evaluation

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Activating and Maintaining an Effective Compensation System

Filters

Exam 12: Designing Indirect Pay Plans

Which of the following is NOT a source of unexpected cost for defined benefit plans?

Which of the following plans would NOT be classified as noncontributory?

Mandatory benefits are those components of indirect pay that the employer makes compulsory for all employees.

Life and accident insurance is almost always included in benefit plans. Which of the following statements relating to life and accident insurance is NOT true?

Which of the following plans allows you to tailor your benefit plan to suit your needs and even trade off benefits that are not important to you?

A Road Map to Effective Compensation

A Strategic Framework for Compensation

A Behavioural Framework for Compensation

Components of Compensation Strategy

Performance Pay Choices

Formulating the Reward and Compensation Strategy

Evaluating Jobs: The Job Evaluation Process

Evaluating Jobs: The Point Method of Job Evaluation

Evaluating the Market

Evaluating Individuals

Designing Performance Pay Plans

Activating and Maintaining an Effective Compensation System

Filters