Exam 11: Employee Benefits

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Which of the following statements is most applicable to the benefits costs to employers in Canada and the United States?

(Multiple Choice)
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In Canada,the higher the household income,the lower the retirement age.

(True/False)
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In a defined-benefit plan,the retirement benefit is determined according to a predetermined formula.

(True/False)
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Most of the pension plans in privately held organizations are contributory.

(True/False)
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Many employers provide unneeded and unwanted types of medical benefits to their employees.

(True/False)
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With contributory pension plans,contributions are made jointly by employers and the government.

(True/False)
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Which of the following statements does NOT describe management concerns about benefits?

(Multiple Choice)
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Because of added expenses and complicated governmental rules,defined-benefit pension plans are falling out of use.

(True/False)
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Only employees contribute to the Employment Insurance (EI)fund.

(True/False)
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Employee assistance programs and wellness programs cannot help organizations cut the costs of health care benefits.

(True/False)
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Which of the following is based on the perspective that work-related accidents and illnesses should be considered a cost of doing business and that employees should not bear the costs of their treatment?

(Multiple Choice)
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Which of the following is NOT a benefit of family-friendly programs?

(Multiple Choice)
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What are the two critical factors considered when determining the amount of employment insurance to be paid to unemployed applicants?

(Multiple Choice)
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Explain the concept of family-friendly benefits.Name and discuss at least five of these benefits employers offer their employees.

(Essay)
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Many employers now offer additional health care benefits such as dental and prescription drug coverage.

(True/False)
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Which of the following do employers often use to obtain employee input regarding benefits packages?

(Multiple Choice)
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Legally required benefits amount to 50 percent of the benefits packages that Canadian employers provide.

(True/False)
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ABC Corporation uses the services of professional benefits vendors to administer their benefits.What is this practice a form of?

(Multiple Choice)
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The declining cost of health care benefits provides Canadian organizations opportunities to reduce employee benefit costs.

(True/False)
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Approximately one-third of Canadians have eldercare responsibilities.

(True/False)
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