Question 1

ERISA does not require employers to offer a pension plan.

Accepted Answer

A) True 
 B)False

Question 2

Defined contribution plans do not appeal to employers.

Accepted Answer

A) True 
 B)False

Question 3

Which act was enacted to protect the interests of employee-benefit-plan participants and their beneficiaries by requiring the disclosure to them of financial and other information concerning the plan?

Accepted Answer

A)  Employee Retirement Income Security Act 
B)  Health Insurance Portability and Accountability Act 
C)  Consolidated Omnibus Budget Reconciliation Act 
D)  Family and Medical Leave Act 
A)  Employee Retirement Income Security Act 
B)  Health Insurance Portability and Accountability Act 
C)  Consolidated Omnibus Budget Reconciliation Act 
D)  Family and Medical Leave Act

Question 4

Disability coverage provides a supplemental one-time payment when death is accidental,or when employees are disabled.

Accepted Answer

A) True 
 B)False

Question 5

Under COBRA,employers with at least how many employees must comply:

Accepted Answer

A)  60 
B)  10 
C)  49 
D)  20 
A)  60 
B)  10 
C)  49 
D)  20

Question 6

National survey data now indicate that people are more attached and committed to organizations that offer family-friendly policies because they benefit personally from the policies.

Accepted Answer

A) True 
 B)False

Question 7

In 2010 PBGC paid about _____ in benefits owed to retirees and the surviving beneficiaries because their pension plans could not.

Accepted Answer

A)  $1 million 
B)  $35 million 
C)  $2 billion 
D)  $5.5 billion 
A)  $1 million 
B)  $35 million 
C)  $2 billion 
D)  $5.5 billion

Question 8

Which of the following should be considered by firms when determining their overall benefit plan?

Accepted Answer

A)  Are the type and level of benefits consistent with our long-term business plan 
B)  Are we meeting the needs of employees 
C)  What legal requirements must we satisfy 
D)  All of the above 
A)  Are the type and level of benefits consistent with our long-term business plan 
B)  Are we meeting the needs of employees 
C)  What legal requirements must we satisfy 
D)  All of the above

Question 9

In regard to pensions,employees who have not worked at a company long enough to be _____ are not entitled to any benefits.

Accepted Answer

A)  vested 
B)  promoted 
C)  given a performance review 
D)  join the union 
A)  vested 
B)  promoted 
C)  given a performance review 
D)  join the union

Question 10

The type of pension plan that offers all employees the same,steady annual credit toward an eventual pension is a(n):

Accepted Answer

A)  equity-purchase plan. 
B)  cash-balance plan. 
C)  defined benefit plan. 
D)  profit sharing plan. 
A)  equity-purchase plan. 
B)  cash-balance plan. 
C)  defined benefit plan. 
D)  profit sharing plan.

Question 11

_____ programs typically provide a core of basic life coverage and then permit employees to choose greater coverage.

Accepted Answer

A)  Flexible benefit 
B)  Defined-benefit 
C)  Defined-contribution 
D)  Point-of-service 
A)  Flexible benefit 
B)  Defined-benefit 
C)  Defined-contribution 
D)  Point-of-service

Question 12

An individual or group health plan that provides or pays the cost of medical care may not use or disclose:

Accepted Answer

A)  An employers ability to deny coverage for a pre-existing condition. 
B)  Prohibiting discrimination. 
C)  Protected health information. 
D)  None of the above. 
A)  An employers ability to deny coverage for a pre-existing condition. 
B)  Prohibiting discrimination. 
C)  Protected health information. 
D)  None of the above.

Question 13

Which of the following requires that health plans not disclose patient identifiers?

Accepted Answer

A)  salary information 
B)  cost of insurance premiums 
C)  spousal information 
D)  protected health information 
A)  salary information 
B)  cost of insurance premiums 
C)  spousal information 
D)  protected health information

Question 14

The 2010 plan intended to reform the U.S.healthcare system is called the:

Accepted Answer

A)  Preferred Provider Organization Act 
B)  Health Maintenance Organization Act 
C)  Patient Protection and Affordable Care Act 
D)  Equal Pay Act 
A)  Preferred Provider Organization Act 
B)  Health Maintenance Organization Act 
C)  Patient Protection and Affordable Care Act 
D)  Equal Pay Act

Question 15

When given a choice,employees are moving toward _____,even though they are more expensive,showing that they are willing to pay more for freedom of choice.

Accepted Answer

A)  CDHPs 
B)  POSs 
C)  HMOs 
D)  PPOs 
A)  CDHPs 
B)  POSs 
C)  HMOs 
D)  PPOs

Question 16

Social Security is a pay-as-you-go system.Payroll taxes earned by current workers are distributed to pay benefits for those who are already retired.

Accepted Answer

A) True 
 B)False

Question 17

The Patient Protection and Affordable Care Act of 2010 requires states to create and maintain health care exchanges in which health insurance providers compete for customers on equal terms.

Accepted Answer

A) True 
 B)False

Question 18

The law requiring companies with at least 20 employees to make medical coverage available at group insurance rates for up to 18 months after an employee leaves the job is:

Accepted Answer

A)  ERISA. 
B)  HIPAA. 
C)  COBRA. 
D)  FMLA. 
A)  ERISA. 
B)  HIPAA. 
C)  COBRA. 
D)  FMLA.

Question 19

Money set aside by employers to cover _____ has become the nation's largest source of capital.

Accepted Answer

A)  workers' compensation claims 
B)  employee benefits 
C)  year-end tax obligations 
D)  pension obligations 
A)  workers' compensation claims 
B)  employee benefits 
C)  year-end tax obligations 
D)  pension obligations

Question 20

The methods for costing benefits include:

Accepted Answer

A)  Annual cost of benefits for all employees 
B)  Cost per employees per year 
C)  Cents per hour 
D)  All of the above 
A)  Annual cost of benefits for all employees 
B)  Cost per employees per year 
C)  Cents per hour 
D)  All of the above

ERISA does not require employers to offer a pension plan.

Defined contribution plans do not appeal to employers.

Which act was enacted to protect the interests of employee-benefit-plan participants and their beneficiaries by requiring the disclosure to them of financial and other information concerning the plan?

Disability coverage provides a supplemental one-time payment when death is accidental,or when employees are disabled.

Under COBRA,employers with at least how many employees must comply:

National survey data now indicate that people are more attached and committed to organizations that offer family-friendly policies because they benefit personally from the policies.

In 2010 PBGC paid about _____ in benefits owed to retirees and the surviving beneficiaries because their pension plans could not.

Which of the following should be considered by firms when determining their overall benefit plan?

In regard to pensions,employees who have not worked at a company long enough to be _____ are not entitled to any benefits.

The type of pension plan that offers all employees the same,steady annual credit toward an eventual pension is a(n):

_____ programs typically provide a core of basic life coverage and then permit employees to choose greater coverage.

An individual or group health plan that provides or pays the cost of medical care may not use or disclose:

Which of the following requires that health plans not disclose patient identifiers?

The 2010 plan intended to reform the U.S.healthcare system is called the:

When given a choice,employees are moving toward _____,even though they are more expensive,showing that they are willing to pay more for freedom of choice.

Social Security is a pay-as-you-go system.Payroll taxes earned by current workers are distributed to pay benefits for those who are already retired.

The Patient Protection and Affordable Care Act of 2010 requires states to create and maintain health care exchanges in which health insurance providers compete for customers on equal terms.

The law requiring companies with at least 20 employees to make medical coverage available at group insurance rates for up to 18 months after an employee leaves the job is:

Money set aside by employers to cover _____ has become the nation's largest source of capital.

The methods for costing benefits include:

Human Resources in a Globally Competitive Business Environment

Workforce Analytics: The Financial Impact of HRM Activities

The Legal Context of Employment Decisions

Diversity at Work

Planning for People

Recruiting

Staffing

Training and On-Boarding

Performance Management

Managing Careers

Pay and Incentive Systems

Union Representation and Collective Bargaining

Procedural Justice and Ethics in Employee Relations

Safety, Health, and Employee Assistance Programs

International Dimensions of Human Resource Management

Filters

Exam 12: Indirect Compensation: Employee Benefit Plans

ERISA does not require employers to offer a pension plan.

Defined contribution plans do not appeal to employers.

Which act was enacted to protect the interests of employee-benefit-plan participants and their beneficiaries by requiring the disclosure to them of financial and other information concerning the plan?

Disability coverage provides a supplemental one-time payment when death is accidental,or when employees are disabled.

Under COBRA,employers with at least how many employees must comply:

National survey data now indicate that people are more attached and committed to organizations that offer family-friendly policies because they benefit personally from the policies.

In 2010 PBGC paid about _____ in benefits owed to retirees and the surviving beneficiaries because their pension plans could not.

Which of the following should be considered by firms when determining their overall benefit plan?

In regard to pensions,employees who have not worked at a company long enough to be _____ are not entitled to any benefits.

The type of pension plan that offers all employees the same,steady annual credit toward an eventual pension is a(n):

_____ programs typically provide a core of basic life coverage and then permit employees to choose greater coverage.

An individual or group health plan that provides or pays the cost of medical care may not use or disclose:

Which of the following requires that health plans not disclose patient identifiers?

The 2010 plan intended to reform the U.S.healthcare system is called the:

When given a choice,employees are moving toward _____,even though they are more expensive,showing that they are willing to pay more for freedom of choice.

Social Security is a pay-as-you-go system.Payroll taxes earned by current workers are distributed to pay benefits for those who are already retired.

The Patient Protection and Affordable Care Act of 2010 requires states to create and maintain health care exchanges in which health insurance providers compete for customers on equal terms.

The law requiring companies with at least 20 employees to make medical coverage available at group insurance rates for up to 18 months after an employee leaves the job is:

Money set aside by employers to cover _____ has become the nation's largest source of capital.

The methods for costing benefits include:

Human Resources in a Globally Competitive Business Environment

Workforce Analytics: The Financial Impact of HRM Activities

The Legal Context of Employment Decisions

Diversity at Work

Planning for People

Recruiting

Staffing

Training and On-Boarding

Performance Management

Managing Careers

Pay and Incentive Systems

Union Representation and Collective Bargaining

Procedural Justice and Ethics in Employee Relations

Safety, Health, and Employee Assistance Programs

International Dimensions of Human Resource Management

Filters