Question 1

What benefits are required by federal or state laws? What benefits are discretionary on the part of employers?

Accepted Answer

Benefits required by law include Social

Question 2

Legally required benefits,such as unemployment insurance,are more costly to employers than health insurance.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following provides a fixed sum when employees reach a predetermined retirement age or can no longer work due to disability?

Accepted Answer

A)  401(k) plan 
B)  workers' compensation 
C)  Social Security 
D)  pension plan 
E)  group life insurance 
A)  401(k) plan 
B)  workers' compensation 
C)  Social Security 
D)  pension plan 
E)  group life insurance

Question 4

To be eligible for leave under the Family and Medical Leave Act,an employee must have worked ________ hours during the past twelve consecutive months.

Accepted Answer

A)  850 
B)  1000 
C)  1250 
D)  1600 
E)  1950 
A)  850 
B)  1000 
C)  1250 
D)  1600 
E)  1950

Question 5

Orion is a business software firm based in Atlanta that employs over 400 people.Orion has traditionally provided legislatively required benefits for its employees including Social Security,workers' compensation,and unemployment insurance.In addition,Orion offers employees health and dental insurance.Orion employees work Monday through Friday on a 9 to 5 schedule.Orion's top executives are considering the idea of adding a flexible benefits plan and implementing a flexible work schedule. 
-Which of the following,if true,undermines the argument that Orion should offer its employees a cafeteria plan?

Accepted Answer

A)  A survey of Orion employees indicates that the majority of employees are very satisfied with the firm's current benefit offerings. 
B)  Orion experiences very few workers' compensation claims each year as compared to similarly sized businesses in the Atlanta area. 
C)  Orion employee surveys indicate that most employees are interested in either 401 (k) plans or Roth IRAs as methods of saving for retirement. 
D)  Absenteeism is a problem among Orion employees, and in most cases the problem is due to inadequate child care. 
E)  Orion uses an employee leasing firm to handle recruiting, hiring, and benefits administration. 
A)  A survey of Orion employees indicates that the majority of employees are very satisfied with the firm's current benefit offerings. 
B)  Orion experiences very few workers' compensation claims each year as compared to similarly sized businesses in the Atlanta area. 
C)  Orion employee surveys indicate that most employees are interested in either 401 (k) plans or Roth IRAs as methods of saving for retirement. 
D)  Absenteeism is a problem among Orion employees, and in most cases the problem is due to inadequate child care. 
E)  Orion uses an employee leasing firm to handle recruiting, hiring, and benefits administration.

Question 6

In which of the following can employers and employees deposit pretax wages to pay for non-catastrophic medical expenses?

Accepted Answer

A)  health maintenance organizations 
B)  health benefits funds 
C)  health savings accounts 
D)  employee pension plans 
E)  deferred savings plans 
A)  health maintenance organizations 
B)  health benefits funds 
C)  health savings accounts 
D)  employee pension plans 
E)  deferred savings plans

Question 7

Studies indicate that employee assistance programs most frequently provide help with personal mental health issues and family problems.

Accepted Answer

A) True 
 B)False

Question 8

Firms that subsidize day care centers are hoping to recruit employee,reduce absenteeism,decrease turnover,and improve morale.

Accepted Answer

A) True 
 B)False

Question 9

Jenny must contribute at least 5% of her annual salary to her pension plan,and her employer contributes a set amount as well.She is given choices regarding how the money is invested.When she retires,the amount she has available will depend on how much she invested herself,and the rate of return on the investments she chose.This pension plan could be classified as ________.

Accepted Answer

A)  qualified, defined benefit 
B)  non-contributory, defined benefit 
C)  contributory, defined contribution 
D)  contributory, non-qualified 
E)  contributory, defined benefit 
A)  qualified, defined benefit 
B)  non-contributory, defined benefit 
C)  contributory, defined contribution 
D)  contributory, non-qualified 
E)  contributory, defined benefit

Question 10

Anne and Martha are both accountant supervisors at a large marketing firm.Anne works from 7:00 a.m.until 12:00 p.m.each day.Martha takes over the same position at 12:00 p.m.and works until 5:00 p.m.each day.Which of the following most likely describes this type of work arrangement?

Accepted Answer

A)  flextime 
B)  telecommuting 
C)  job sharing 
D)  work sharing 
E)  compressed workweek 
A)  flextime 
B)  telecommuting 
C)  job sharing 
D)  work sharing 
E)  compressed workweek

Question 11

Health care costs have dropped significantly in recent years due to government intervention and the increased use of HMOs.

Accepted Answer

A) True 
 B)False

Question 12

There is no limit to the amount an employee can contribute pre-tax into a 401(k)plan each year.

Accepted Answer

A) True 
 B)False

Question 13

________ seek to enable employees to balance their job and family responsibilities.

Accepted Answer

A)  Sick leave 
B)  Pension plans 
C)  Pay plans 
D)  Work-life benefits 
E)  Benefit management systems 
A)  Sick leave 
B)  Pension plans 
C)  Pay plans 
D)  Work-life benefits 
E)  Benefit management systems

Question 14

The indirect financial and nonfinancial payments employees receive for continuing their employment with a company are called ________.

Accepted Answer

A)  reimbursement 
B)  compensation 
C)  salary 
D)  benefits 
E)  remuneration 
A)  reimbursement 
B)  compensation 
C)  salary 
D)  benefits 
E)  remuneration

Question 15

Who contributes funds for workers' compensation benefits?

Accepted Answer

A)  state governments 
B)  federal government 
C)  medical providers 
D)  insurance providers 
E)  employers 
A)  state governments 
B)  federal government 
C)  medical providers 
D)  insurance providers 
E)  employers

Question 16

Which of the following requires that pension rights be vested and protected by the Pension Benefits Guarantee Corporation?

Accepted Answer

A)  Economic Growth and Tax Relief Conciliation Act 
B)  Employee Retirement Income Security Act 
C)  Job Creation and Worker Assistance Act 
D)  Health Insurance Portability and Accountability Act 
E)  Social Security Act 
A)  Economic Growth and Tax Relief Conciliation Act 
B)  Employee Retirement Income Security Act 
C)  Job Creation and Worker Assistance Act 
D)  Health Insurance Portability and Accountability Act 
E)  Social Security Act

Question 17

What are vested funds? What is the difference between cliff vesting and graded vesting?

Accepted Answer

Vested funds are the money employer and

Question 18

Orion is a business software firm based in Atlanta that employs over 400 people.Orion has traditionally provided legislatively required benefits for its employees including Social Security,workers' compensation,and unemployment insurance.In addition,Orion offers employees health and dental insurance.Orion employees work Monday through Friday on a 9 to 5 schedule.Orion's top executives are considering the idea of adding a flexible benefits plan and implementing a flexible work schedule. 
-All of the following questions are relevant to Orion's decision to offer flextime and job sharing options to its employees EXCEPT ________.

Accepted Answer

A)  How many of Orion's retirement-age employees are interested in working on a part-time basis? 
B)  What do surveys indicate regarding overall job satisfaction among Orion employees? 
C)  How would the productivity level of Orion's employees most likely change? 
D)  How many Orion employees currently care for their aging parents? 
E)  What is the average rate of employee absenteeism at Orion? 
A)  How many of Orion's retirement-age employees are interested in working on a part-time basis? 
B)  What do surveys indicate regarding overall job satisfaction among Orion employees? 
C)  How would the productivity level of Orion's employees most likely change? 
D)  How many Orion employees currently care for their aging parents? 
E)  What is the average rate of employee absenteeism at Orion?

Question 19

The Consolidated Omnibus Budget Reconciliation Act ________.

Accepted Answer

A)  requires employers to treat women affected by pregnancy, childbirth, or related medical conditions the same as any employee not able to work, with respect to all benefits, including sick leave and disability benefits, health and medical insurance 
B)  prohibits an employer's health plan from using incentives to encourage employees to leave the hospital after childbirth after less than the legislatively-determined minimum stay 
C)  limits the ability of health plans to set annual or lifetime maximums on mental and nervous disorder benefits 
D)  requires that most private employers continue to make health benefits available to terminated or retired employees and their families for a period of time 
E)  sets minimum requirements for protecting individuals' health-care data accessibility and confidentiality 
A)  requires employers to treat women affected by pregnancy, childbirth, or related medical conditions the same as any employee not able to work, with respect to all benefits, including sick leave and disability benefits, health and medical insurance 
B)  prohibits an employer's health plan from using incentives to encourage employees to leave the hospital after childbirth after less than the legislatively-determined minimum stay 
C)  limits the ability of health plans to set annual or lifetime maximums on mental and nervous disorder benefits 
D)  requires that most private employers continue to make health benefits available to terminated or retired employees and their families for a period of time 
E)  sets minimum requirements for protecting individuals' health-care data accessibility and confidentiality

Question 20

Which of the following benefits is NOT classified as a type of family-friendly benefit?

Accepted Answer

A)  sick leave 
B)  subsidized child care 
C)  elder care services 
D)  on-site fitness facilities 
E)  flexible work schedules 
A)  sick leave 
B)  subsidized child care 
C)  elder care services 
D)  on-site fitness facilities 
E)  flexible work schedules

What benefits are required by federal or state laws? What benefits are discretionary on the part of employers?

Legally required benefits,such as unemployment insurance,are more costly to employers than health insurance.

Which of the following provides a fixed sum when employees reach a predetermined retirement age or can no longer work due to disability?

To be eligible for leave under the Family and Medical Leave Act,an employee must have worked ________ hours during the past twelve consecutive months.

In which of the following can employers and employees deposit pretax wages to pay for non-catastrophic medical expenses?

Studies indicate that employee assistance programs most frequently provide help with personal mental health issues and family problems.

Firms that subsidize day care centers are hoping to recruit employee,reduce absenteeism,decrease turnover,and improve morale.

Anne and Martha are both accountant supervisors at a large marketing firm.Anne works from 7:00 a.m.until 12:00 p.m.each day.Martha takes over the same position at 12:00 p.m.and works until 5:00 p.m.each day.Which of the following most likely describes this type of work arrangement?

Health care costs have dropped significantly in recent years due to government intervention and the increased use of HMOs.

There is no limit to the amount an employee can contribute pre-tax into a 401(k)plan each year.

________ seek to enable employees to balance their job and family responsibilities.

The indirect financial and nonfinancial payments employees receive for continuing their employment with a company are called ________.

Who contributes funds for workers' compensation benefits?

Which of the following requires that pension rights be vested and protected by the Pension Benefits Guarantee Corporation?

What are vested funds? What is the difference between cliff vesting and graded vesting?

The Consolidated Omnibus Budget Reconciliation Act ________.

Which of the following benefits is NOT classified as a type of family-friendly benefit?

Introduction to Human Resource Management

Equal Opportunity and the Law

The Manager's Role in Strategic Human Resource Management

Job Analysis

Personnel Planning and Recruiting

Employee Testing and Selection

Interviewing Candidates

Training and Developing Employees

Performance Management and Appraisal

Coaching, Careers, and Talent Management

Establishing Strategic Pay Plans

Pay for Performance and Financial Incentives

Ethics, Justice, and Fair Treatment in HR Management

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

Managing Human Resources in Entrepreneurial Firms

Filters

Exam 13: Benefits and Services

What benefits are required by federal or state laws? What benefits are discretionary on the part of employers?

Legally required benefits,such as unemployment insurance,are more costly to employers than health insurance.

Which of the following provides a fixed sum when employees reach a predetermined retirement age or can no longer work due to disability?

To be eligible for leave under the Family and Medical Leave Act,an employee must have worked ________ hours during the past twelve consecutive months.

In which of the following can employers and employees deposit pretax wages to pay for non-catastrophic medical expenses?

Studies indicate that employee assistance programs most frequently provide help with personal mental health issues and family problems.

Firms that subsidize day care centers are hoping to recruit employee,reduce absenteeism,decrease turnover,and improve morale.

Anne and Martha are both accountant supervisors at a large marketing firm.Anne works from 7:00 a.m.until 12:00 p.m.each day.Martha takes over the same position at 12:00 p.m.and works until 5:00 p.m.each day.Which of the following most likely describes this type of work arrangement?

Health care costs have dropped significantly in recent years due to government intervention and the increased use of HMOs.

There is no limit to the amount an employee can contribute pre-tax into a 401(k)plan each year.

________ seek to enable employees to balance their job and family responsibilities.

The indirect financial and nonfinancial payments employees receive for continuing their employment with a company are called ________.

Who contributes funds for workers' compensation benefits?

Which of the following requires that pension rights be vested and protected by the Pension Benefits Guarantee Corporation?

What are vested funds? What is the difference between cliff vesting and graded vesting?

The Consolidated Omnibus Budget Reconciliation Act ________.

Which of the following benefits is NOT classified as a type of family-friendly benefit?

Introduction to Human Resource Management

Equal Opportunity and the Law

The Manager's Role in Strategic Human Resource Management

Job Analysis

Personnel Planning and Recruiting

Employee Testing and Selection

Interviewing Candidates

Training and Developing Employees

Performance Management and Appraisal

Coaching, Careers, and Talent Management

Establishing Strategic Pay Plans

Pay for Performance and Financial Incentives

Ethics, Justice, and Fair Treatment in HR Management

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

Managing Human Resources in Entrepreneurial Firms

Filters