Exam 12: The Benefit Determination Process

The ideal approach to determining employee benefit preferences is a flexible benefit plan.

Most employers prefer to avoid providing benefits on a defined-level basis.

According to a recent SHRM survey,pay is the top factor driving job satisfaction.

All of the following are cost containment practices except:

The best way for companies to decide whether or not the company can afford a benefit is on a _____ basis.

When future cost containment of a benefit may be a problem,the benefit should be offered on a noncontributory basis.

_____ is the most frequent method of benefit communication.

For most benefits,providing a level of coverage is more costly to employers than providing a benefit at a specific cost level.

Flexible benefit plans are complex requiring many choices that lead to poor employee understanding of benefits.

A study of the factors affecting MBA students' job choice showed _____ was ranked as least important.

Which of the following benefits is rated lowest by employees?

The "bandwagon" effect is when an employer offers a new benefit offered by a competitor without careful consideration.

According to available evidence,a good strategy for a company to remain non-union is to offer the same benefits as those provided by unionized firms.

If adverse selection occurs for one or more benefits in a flexible benefits plan,those benefits may be dropped from the plan.

What is the role of the government impetus in the development of employee benefits?

The first issue in setting up a benefits package is:

Alternatives to financing benefit plans include all of the following except:

_____ is not an example of an approach to customer-driven health care.

Which of the following is a major benefits planning and design issue?

A major approach to increasing employee awareness of health care choices and cost is: