Exam 11: Pay for Performance and Employee Benefits

Which group contributes to workers' compensation funds?

What is a stock option? What are some of the problems associated with rewarding managers with stock options?

Which term refers to the money that an employer and employee have placed in the employee's pension fund that cannot be forfeited for any reason?

Why do some employers encourage early retirement? What are some potential problems associated with early retirement programs? How can firms avoid such problems?

An executive who receives a ________ stock receives units instead of shares of company stock.The units will be equated to cash in the future if appreciation occurs.

Health insurance,life insurance,pensions,and child care assistance are best categorized as ________.

Portability makes it easy for employees who leave one firm to work for another firm to take their accumulated pension funds with them.

In a brief essay,describe the three classifications that apply to basic pension plans.

Why do employers provide severance pay to employees? What should firms consider when designing a severance plan?

All of the following are factors that influence an annual bonus EXCEPT ________.

Howard's firm allows employees to assemble their own benefits packages from a variety of benefits options,so Howard's firm most likely offers a cafeteria plan.

Which of the following provides services such as financial counseling,child care referrals,and adoption assistance?

________ are groups of health care providers that contract with employers,insurance companies,or third-party payers to provide medical care services at a reduced fee.

The Family and Medical Leave Act provides for leave,but it mandates only unpaid leave.Therefore,several states have implemented their own paid family leave laws.

Marie,a top manager at Levon Marketing,will receive 500 shares of the firm's stock if the firm's sales increase by 5% in the next quarter.Which of the following was Marie most likely given?

With graded vesting,the period for acquiring a non-forfeitable right in employer matching contributions is 3 years.

In a ________,the executive receives his or her shares only if he or she meets the preset performance targets.

According to surveys,what will most employers do in response to the Patient Protection and Affordable Care Act (Obamacare)?

Which of the following benefits is required by federal or state law?

An employer would most likely use an enterprise incentive management system to ________.