Exam 11: Employee Benefits

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Flexible benefits plans are also known as "cafeteria" plans.

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Canadian organizations are expected to continue to implement a wider variety of employee benefits and services.

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Online benefits programs allow employees self-service freedom and availability virtually any time.

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In a non-contributory pension plan,who makes the financial contributions?

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Severance pay is a one-time payment to employees who have been terminated.

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What's a major problem facing the Canada Pension Plan?

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Employee assistance programs (EAPs)help employees mainly with relocation costs.

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Since provincial health care benefits cover basic health care services,very few employers offer supplementary health benefits.

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Which of the following is an example of a family-friendly benefit that is increasingly being used?

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It would be desirable for employers to enlist employee participation in modifying a benefits program.

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From a pension perspective,what is a key issue concerning the aging of baby boomers in Canada?

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Employee benefits are a form of indirect compensation.

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Benefit packages of any kind still help employers attract and retain quality employees.

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Ideally,which of the following should apply to an organization's benefits system?

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"Payment for time not worked" includes statutory holiday pay,time off for bereavement,military duty,vacation pay,jury duty,rest periods,coffee breaks,and maternity leave (which usually involves some form of salary continuance).

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What are holiday pay,sick leave,and vacation pay examples of?

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The Meat Shop,one of Canada's best employers according to a recent survey,is considering ways to contain its rising benefits costs.Which of the following is NOT a wise option for the Meat Shop?

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Management at ABC Inc.wants to introduce a new benefit that is not required by law.What should it do first?

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Susie Jones has definite preferences in terms of the benefits offered by her employer.Susie will be able to select the benefits she values highly and avoid those she does not need or want if her employer offers which benefit format?

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What is an important factor in determining the effectiveness of benefits programs in organizations?

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