Exam 13: Managing Employee Benefits

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Jolene,an art restoration specialist,has received an offer from a museum in London.Jolene can expect that the museum will have a generous medical benefits package comparable to competing job offers she has from a museum in New York City.

(True/False)
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Federal law mandates that if employers provide maternity/paternity benefits for biological parents,the same benefits must be provided for employees who adopt children.

(True/False)
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A critical calculation when deciding whether to outsource benefits administration to a consulting firm is benefits expenditure per full-time equivalent employee.

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On average,benefits make up 30%-40% of employers' payroll expenses.

(True/False)
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The Family and Medical Leave Act requires that eligible employees be permitted to take leave for each of the following except:

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What is the principle requirement of the Worker Adjustment and Retraining Notification Act (WARN)of 1988?

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Explain why health-care cost management has become important.Discuss several strategies available for controlling costs.

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Which of the following statements is TRUE about HMOs?

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Which of the following statements about communication of benefits to employees is TRUE?

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Megatherium Industries had a generous defined-benefit pension plan for retirees for the last 50 years.Now,because of declines in the stock market,the investments in the pension plan are not generating enough revenue to fund the plan.Which of the following statement is TRUE?

(Multiple Choice)
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