Question 1

An employer experiencing high turnover and seeking to reduce pension cost is likely to prefer:

Accepted Answer

A)  full vesting after three years. 
B)  full vesting after six years. 
C)  full vesting after seven years. 
D)  to offer portability rights. 
A)  full vesting after three years. 
B)  full vesting after six years. 
C)  full vesting after seven years. 
D)  to offer portability rights.

Question 2

_____ was designed to reduce an employer's ability to deny coverage to an employee based upon a preexisting condition.

Accepted Answer

A)  COBRA 
B)  OSHA 
C)  HIPPA 
D)  FMLA 
A)  COBRA 
B)  OSHA 
C)  HIPPA 
D)  FMLA

Question 3

An employer seeking to use pensions to reduce turnover is likely to prefer:

Accepted Answer

A)  fully vested after three years. 
B)  vesting 20 percent after 2 years and 20 each year thereafter. 
C)  fully vested after two years. 
D)  vesting schedules are unlikely to affect turnover. 
A)  fully vested after three years. 
B)  vesting 20 percent after 2 years and 20 each year thereafter. 
C)  fully vested after two years. 
D)  vesting schedules are unlikely to affect turnover.

Question 4

Which of the following types of workers are generally not covered by workers' compensation?

Accepted Answer

A)  State government employees 
B)  Coal miners 
C)  Railroad employees 
D)  Farm workers 
A)  State government employees 
B)  Coal miners 
C)  Railroad employees 
D)  Farm workers

Question 5

Which of the following is not a defined contribution plan?

Accepted Answer

A)  401 K 
B)  ESOP 
C)  Cash-back 
D)  Profit sharing 
A)  401 K 
B)  ESOP 
C)  Cash-back 
D)  Profit sharing

Question 6

Compare defined benefit plans and defined contribution plans.

Accepted Answer

In a defined benefit plan,an employer ag

Question 7

Requiring a second opinion prior to surgery is an example of a method to reduce employee demand for health care.

Accepted Answer

A) True 
 B)False

Question 8

The most prevalent practice these days,in place of short-term sick leave is:

Accepted Answer

A)  paid time off. 
B)  short-term disability. 
C)  accumulated medical leaves. 
D)  incentives for non-usage of sick leave. 
A)  paid time off. 
B)  short-term disability. 
C)  accumulated medical leaves. 
D)  incentives for non-usage of sick leave.

Question 9

Medicare is not part of social security.

Accepted Answer

A) True 
 B)False

Question 10

Employer advantages of defined contribution plans versus defined benefit plans include all of the following except:

Accepted Answer

A)  vesting is usually faster. 
B)  pre-retirement contributions are smaller. 
C)  pension costs are more predictable. 
D)  employee mobility is facilitated. 
A)  vesting is usually faster. 
B)  pre-retirement contributions are smaller. 
C)  pension costs are more predictable. 
D)  employee mobility is facilitated.

Question 11

For an employee to gain lifetime coverage under Social Security,they must have worked for_____ quarters during which they were covered by the Act.

Accepted Answer

A)  20 
B)  30 
C)  40 
D)  50 
A)  20 
B)  30 
C)  40 
D)  50

Question 12

The first question to ask in determining how much retirement income an employer should provide is:

Accepted Answer

A)  Should Social Security payments be considered? 
B)  How should seniority be factored into the payout formula? 
C)  What level of retirement compensation should be provided? 
D)  Should other, non-Social Security income sources be considered? 
A)  Should Social Security payments be considered? 
B)  How should seniority be factored into the payout formula? 
C)  What level of retirement compensation should be provided? 
D)  Should other, non-Social Security income sources be considered?

Question 13

A major problem with social security is a rising number of retirees without a corresponding increase in contributors.

Accepted Answer

A) True 
 B)False

Question 14

Steve has a small company with 12 employees.One of his employees,Larry,has been laid off because his work has been outsourced.Larry had health coverage through Steve's company and he wants to continue that coverage after being laid off.According to C.O.B.R.A. how long can Larry continue his coverage through Steve's Company?

Accepted Answer

A)  36 months 
B)  24 months 
C)  18 months 
D)  0 months 
A)  36 months 
B)  24 months 
C)  18 months 
D)  0 months

Question 15

Substance abuse is not an allowed disability under social security.

Accepted Answer

A) True 
 B)False

Question 16

The basic purpose of social security is to provide basic financial security for Americans and their families.

Accepted Answer

A) True 
 B)False

Question 17

An account set up to cover part of a high health care deductible is a:

Accepted Answer

A)  POS. 
B)  flexible spending account. 
C)  PCA. 
D)  PPO. 
A)  POS. 
B)  flexible spending account. 
C)  PCA. 
D)  PPO.

Question 18

Jennifer is hurt at work while driving a forklift.Her employer claims that she was driving too fast and therefore she is responsible for her own injury and is not eligible for workers' compensation.What will be the outcome of the employer's challenge to her worker's compensation claim?

Accepted Answer

A)  She will likely receive workers' compensation benefits. 
B)  She will get nothing. 
C)  Jennifer and her employer will share the blame and split the costs. 
D)  The employer has the final word in determining Jennifer's eligibility. 
A)  She will likely receive workers' compensation benefits. 
B)  She will get nothing. 
C)  Jennifer and her employer will share the blame and split the costs. 
D)  The employer has the final word in determining Jennifer's eligibility.

Question 19

Work-related injuries are covered by workers' compensation but not industrial diseases such as black lung and asbestosis.

Accepted Answer

A) True 
 B)False

Question 20

The Pension Benefit Guarantee Corporation protects vested benefits of people in terminated pension plans.

Accepted Answer

A) True 
 B)False

An employer experiencing high turnover and seeking to reduce pension cost is likely to prefer:

_____ was designed to reduce an employer's ability to deny coverage to an employee based upon a preexisting condition.

An employer seeking to use pensions to reduce turnover is likely to prefer:

Which of the following types of workers are generally not covered by workers' compensation?

Which of the following is not a defined contribution plan?

Compare defined benefit plans and defined contribution plans.

Requiring a second opinion prior to surgery is an example of a method to reduce employee demand for health care.

The most prevalent practice these days,in place of short-term sick leave is:

Medicare is not part of social security.

Employer advantages of defined contribution plans versus defined benefit plans include all of the following except:

For an employee to gain lifetime coverage under Social Security,they must have worked for_____ quarters during which they were covered by the Act.

The first question to ask in determining how much retirement income an employer should provide is:

A major problem with social security is a rising number of retirees without a corresponding increase in contributors.

Substance abuse is not an allowed disability under social security.

The basic purpose of social security is to provide basic financial security for Americans and their families.

An account set up to cover part of a high health care deductible is a:

Jennifer is hurt at work while driving a forklift.Her employer claims that she was driving too fast and therefore she is responsible for her own injury and is not eligible for workers' compensation.What will be the outcome of the employer's challenge to her worker's compensation claim?

Work-related injuries are covered by workers' compensation but not industrial diseases such as black lung and asbestosis.

The Pension Benefit Guarantee Corporation protects vested benefits of people in terminated pension plans.

The Pay Model

Strategy: The Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, mix, and Pay Structures

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters

Exam 13: Benefit Options

An employer experiencing high turnover and seeking to reduce pension cost is likely to prefer:

_____ was designed to reduce an employer's ability to deny coverage to an employee based upon a preexisting condition.

An employer seeking to use pensions to reduce turnover is likely to prefer:

Which of the following types of workers are generally not covered by workers' compensation?

Which of the following is not a defined contribution plan?

Compare defined benefit plans and defined contribution plans.

Requiring a second opinion prior to surgery is an example of a method to reduce employee demand for health care.

The most prevalent practice these days,in place of short-term sick leave is:

Medicare is not part of social security.

Employer advantages of defined contribution plans versus defined benefit plans include all of the following except:

For an employee to gain lifetime coverage under Social Security,they must have worked for_____ quarters during which they were covered by the Act.

The first question to ask in determining how much retirement income an employer should provide is:

A major problem with social security is a rising number of retirees without a corresponding increase in contributors.

Substance abuse is not an allowed disability under social security.

The basic purpose of social security is to provide basic financial security for Americans and their families.

An account set up to cover part of a high health care deductible is a:

Jennifer is hurt at work while driving a forklift.Her employer claims that she was driving too fast and therefore she is responsible for her own injury and is not eligible for workers' compensation.What will be the outcome of the employer's challenge to her worker's compensation claim?

Work-related injuries are covered by workers' compensation but not industrial diseases such as black lung and asbestosis.

The Pension Benefit Guarantee Corporation protects vested benefits of people in terminated pension plans.

The Pay Model

Strategy: The Totality of Decisions

Defining Internal Alignment

Job Analysis

Job-Based Structures and Job Evaluation

Person-Based Structures

Defining Competitiveness

Designing Pay Levels, mix, and Pay Structures

Pay-For-Performance: the Evidence

Pay-For-Performance Plans

Performance Appraisals

The Benefit Determination Process

Compensation of Special Groups

Union Role in Wage and Salary Administration

International Pay Systems

Government and Legal Issues in Compensation

Management: Making It Work

Filters