Exam 12: Employee Benefits and Services

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There are three basic strategies for benefits: Pacesetter,comparable benefits,and minimum benefits.Explain each strategy.

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_______________ pay the entire cost of workers' compensation insurance.

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Studies indicate that employees prefer _______ over most other benefits.

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In most states,the weekly unemployment benefit amount equals _______________ of the worker's average earnings.

(Multiple Choice)
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Employees born in ______ or earlier become eligible to receive full benefits at age 65 or reduced benefits at age 62.An employee born in _______ or later will not be able to retire with full benefits until age 67.

(Multiple Choice)
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Of the employees who are eligible to participate in tuition reimbursement programs,85 percent:

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Lower paid and female employees typically have a stronger preference for sick leave.

(True/False)
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Any employee can make annual tax-free contributions to an individual retirement account (IRA)__________.

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Name five voluntary benefits that would fall under the catch-all category of "employee services."

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Most benefit programs began in earnest during ______,when wages were strictly regulated.

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The U.S.government mandates all of the following benefits except:

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Which of the following are reasons why employers provide benefits?

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_______________ was set up in the United States during the 1930s,when unemployment was high.

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Vesting _________________.

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On average,employees who provide assistance to one or more elderly relatives or friends spend _______________ per week providing this care.

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Direct costs of managing workers' disability claims include such things as medical leave,short- and long-term disability premiums,disability pensions,workers' compensation,and miscellaneous accident insurance costs.Identify five of the hidden costs that are associated with these disability claims.

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The amount of life insurance typically offered by large companies equals _______________.

(Multiple Choice)
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What is the ultimate goal of a "managed disability" approach to worker injuries?

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________ must provide cost-efficient health care and emphasize cost containment in order to compete.

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Most elderly Americans believe that security in their later years rests on a three-legged stool consisting of all of the following except:

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