Exam 12: The Benefit Determination Process

The _____ requires individuals to maintain minimal essential health insurance coverage or pay a penalty unless exempted for religious beliefs or financial hardship.

A disadvantage of flexible benefit programs is that they increase administrative burdens.

According to available evidence, companies can successfully remain nonunion by offering the same benefits as those provided by unionized firms.

A benefit plan that allocates a set dollar amount to employees and allows them to select benefits is called _____ plan.

What are the major disadvantages of a flexible benefits package?

DrenchFort Corp.is a small company that pays high wages.As its wages are high, it does not provide any benefits.Recently, it has noticed that its employee turnover has increased, so it decides to provide benefits to retain employees.Which of the following benefits is most likely to reduce turnover?

_____ are NOT used for determining employee benefit preferences.

Which of the following is an advantage of flexible benefit plans?

The favorable tax status granted to many benefits is safe from the threat of recurrent tax reform proposals.

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

The first issue in setting up a benefits package is:

_____ is the most frequently used medium for communicating employee benefits.

Which of the following is NOT a disadvantage of flexible benefit programs?

If a benefit forecast suggests future cost containment may be difficult, the benefit should:

Which of the following statements is true of employee benefits?