Question 1

Mandated benefits currently account for about what percentage of total compensation costs?

Accepted Answer

A)  10% 
B)  35% 
C)  50% 
D)  65% 
A)  10% 
B)  35% 
C)  50% 
D)  65% A

Question 2

What type of indirect financial compensation is the most expensive for most businesses?

Accepted Answer

A)  life insurance 
B)  health care insurance 
C)  retirement programs 
D)  unemployment compensation 
A)  life insurance 
B)  health care insurance 
C)  retirement programs 
D)  unemployment compensation B

Question 3

For what reason does the Consolidated Omnibus Budget Reconciliation Act (COBRA)permit a 2 percent mark-up on the cost of continuing health insurance coverage?

Accepted Answer

A)  generating additional tax revenue for the government 
B)  offsetting the cost of continuing health insurance coverage for low income individuals 
C)  boosting company profits 
D)  administering COBRA 
A)  generating additional tax revenue for the government 
B)  offsetting the cost of continuing health insurance coverage for low income individuals 
C)  boosting company profits 
D)  administering COBRA D

Question 4

Leroy has a formal retirement plan based on his final years' average salary and years of service at Royce Pharmaceuticals.Which type of plan does Leroy most likely have?

Accepted Answer

A)  defined contribution 
B)  defined benefit 
C)  cash balance 
D)  401(k) 
A)  defined contribution 
B)  defined benefit 
C)  cash balance 
D)  401(k)

Question 5

Disability insurance,survivors' benefits,Medicare,and unemployment insurance are provided by and administered by the Social Security Administration.

Accepted Answer

A) True 
 B)False

Question 6

Thomas is a copy machine technician for State Office Systems.He was involved in a serious car accident while making a service call for his employer,and he cannot return to work for 8 weeks.Which of the following would most likely provide Thomas with income while he is incapacitated?

Accepted Answer

A)  life insurance 
B)  worker's compensation 
C)  direct financial compensation 
D)  unemployment insurance 
A)  life insurance 
B)  worker's compensation 
C)  direct financial compensation 
D)  unemployment insurance

Question 7

Which term refers to temporary leaves of absence from an organization,usually at reduced pay?

Accepted Answer

A)  personal leave 
B)  medical leave 
C)  paid time off 
D)  sabbatical 
A)  personal leave 
B)  medical leave 
C)  paid time off 
D)  sabbatical

Question 8

Sara works from midnight until 8:00 a.m.as a technician at a manufacturing facility and earns an extra $3.00 per hour for the inconvenience.Which of the following does Sara most likely receive?

Accepted Answer

A)  supplemental wage pay 
B)  shift differential pay 
C)  overtime pay 
D)  hazard pay 
A)  supplemental wage pay 
B)  shift differential pay 
C)  overtime pay 
D)  hazard pay

Question 9

A shift from discretionary benefits to ________ contributes to a company's cost savings.

Accepted Answer

A)  flexible spending accounts 
B)  consumer-driven plans 
C)  voluntary benefits 
D)  flexible benefits 
A)  flexible spending accounts 
B)  consumer-driven plans 
C)  voluntary benefits 
D)  flexible benefits

Question 10

Flextime is the practice of permitting employees to choose their own working hours,within certain limitations.

Accepted Answer

A) True 
 B)False

Question 11

Legally required benefits represents a form of ________.

Accepted Answer

A)  social insurance 
B)  Social Security 
C)  workers' compensation 
D)  paid time-off 
A)  social insurance 
B)  Social Security 
C)  workers' compensation 
D)  paid time-off

Question 12

In most firms,vacation time varies by ________.

Accepted Answer

A)  performance appraisal results 
B)  organizational rank 
C)  education level 
D)  personal needs 
A)  performance appraisal results 
B)  organizational rank 
C)  education level 
D)  personal needs

Question 13

The Family and Medical Leave Act apply to private employers with 25 or more employees and to all governmental employers regardless of number.

Accepted Answer

A) True 
 B)False

Question 14

Which Act is a 1990 amendment to the Age Discrimination in Employment Act?

Accepted Answer

A)  Health Insurance Portability and Accountability Act 
B)  Consolidated Omnibus Budget Reconciliation Act 
C)  Older Workers Benefit Protection Act 
D)  Employee Retirement Income Security Act 
A)  Health Insurance Portability and Accountability Act 
B)  Consolidated Omnibus Budget Reconciliation Act 
C)  Older Workers Benefit Protection Act 
D)  Employee Retirement Income Security Act

Question 15

Which law allows companies to automatically enroll workers in a defined contribution plan?

Accepted Answer

A)  Employee Retirement Income Security Act 
B)  Fair Labor Standards Act 
C)  Pension Protection Act 
D)  Pension Recovery Act 
A)  Employee Retirement Income Security Act 
B)  Fair Labor Standards Act 
C)  Pension Protection Act 
D)  Pension Recovery Act

Question 16

Which of the following is a job environment factor that is part of a total compensation package?

Accepted Answer

A)  sound policies 
B)  working conditions 
C)  congenial co-workers 
D)  all of the above 
A)  sound policies 
B)  working conditions 
C)  congenial co-workers 
D)  all of the above

Question 17

Discuss the basis for distinguishing between qualified plans and nonqualified plans.Be sure to provide definitions of each.

Accepted Answer

Tax incentives encourage companies to of

Question 18

A work arrangement whereby employees are able to remain at home and perform their work using computers that connect them with their offices is referred to as ________.

Accepted Answer

A)  gainsharing 
B)  broadbanding 
C)  job sharing 
D)  telecommuting 
A)  gainsharing 
B)  broadbanding 
C)  job sharing 
D)  telecommuting

Question 19

The primary reason for enacting ERISA was to ________.

Accepted Answer

A)  force insurance companies to accept workers with preexisting medical conditions 
B)  extend long-term healthcare coverage to unemployed individuals 
C)  require employers to create employee retirement plans 
D)  strengthen current and future retirement programs 
A)  force insurance companies to accept workers with preexisting medical conditions 
B)  extend long-term healthcare coverage to unemployed individuals 
C)  require employers to create employee retirement plans 
D)  strengthen current and future retirement programs

Question 20

What are the advantages and disadvantages of offering sabbaticals to employees?

Accepted Answer

Sabbaticals are temporary leaves of abse

Mandated benefits currently account for about what percentage of total compensation costs?

What type of indirect financial compensation is the most expensive for most businesses?

For what reason does the Consolidated Omnibus Budget Reconciliation Act (COBRA)permit a 2 percent mark-up on the cost of continuing health insurance coverage?

Leroy has a formal retirement plan based on his final years' average salary and years of service at Royce Pharmaceuticals.Which type of plan does Leroy most likely have?

Disability insurance,survivors' benefits,Medicare,and unemployment insurance are provided by and administered by the Social Security Administration.

Thomas is a copy machine technician for State Office Systems.He was involved in a serious car accident while making a service call for his employer,and he cannot return to work for 8 weeks.Which of the following would most likely provide Thomas with income while he is incapacitated?

Which term refers to temporary leaves of absence from an organization,usually at reduced pay?

Sara works from midnight until 8:00 a.m.as a technician at a manufacturing facility and earns an extra $3.00 per hour for the inconvenience.Which of the following does Sara most likely receive?

A shift from discretionary benefits to ________ contributes to a company's cost savings.

Flextime is the practice of permitting employees to choose their own working hours,within certain limitations.

Legally required benefits represents a form of ________.

In most firms,vacation time varies by ________.

The Family and Medical Leave Act apply to private employers with 25 or more employees and to all governmental employers regardless of number.

Which Act is a 1990 amendment to the Age Discrimination in Employment Act?

Which law allows companies to automatically enroll workers in a defined contribution plan?

Which of the following is a job environment factor that is part of a total compensation package?

Discuss the basis for distinguishing between qualified plans and nonqualified plans.Be sure to provide definitions of each.

A work arrangement whereby employees are able to remain at home and perform their work using computers that connect them with their offices is referred to as ________.

The primary reason for enacting ERISA was to ________.

What are the advantages and disadvantages of offering sabbaticals to employees?

Human Resource Management: An Overview

Business Ethics and Corporate Social Responsibility

Equal Employment Opportunity, Affirmative Action, and Workforce Diversity

Strategic Planning, Human Resource Planning, and Job Analysis

Recruitment

Selection

Performance Management and Appraisal

Training and Development

Direct Financial Compensation Core Compensation:

Labor Unions and Collective Bargaining

Internal Employee Relations

Employee Safety, Health, and Wellness

Global Human Resource Management

Filters

Exam 10: Indirect Financial Compensation Employee Benefits:

Mandated benefits currently account for about what percentage of total compensation costs?

What type of indirect financial compensation is the most expensive for most businesses?

For what reason does the Consolidated Omnibus Budget Reconciliation Act (COBRA)permit a 2 percent mark-up on the cost of continuing health insurance coverage?

Leroy has a formal retirement plan based on his final years' average salary and years of service at Royce Pharmaceuticals.Which type of plan does Leroy most likely have?

Disability insurance,survivors' benefits,Medicare,and unemployment insurance are provided by and administered by the Social Security Administration.

Thomas is a copy machine technician for State Office Systems.He was involved in a serious car accident while making a service call for his employer,and he cannot return to work for 8 weeks.Which of the following would most likely provide Thomas with income while he is incapacitated?

Which term refers to temporary leaves of absence from an organization,usually at reduced pay?

Sara works from midnight until 8:00 a.m.as a technician at a manufacturing facility and earns an extra $3.00 per hour for the inconvenience.Which of the following does Sara most likely receive?

A shift from discretionary benefits to ________ contributes to a company's cost savings.

Flextime is the practice of permitting employees to choose their own working hours,within certain limitations.

Legally required benefits represents a form of ________.

In most firms,vacation time varies by ________.

The Family and Medical Leave Act apply to private employers with 25 or more employees and to all governmental employers regardless of number.

Which Act is a 1990 amendment to the Age Discrimination in Employment Act?

Which law allows companies to automatically enroll workers in a defined contribution plan?

Which of the following is a job environment factor that is part of a total compensation package?

Discuss the basis for distinguishing between qualified plans and nonqualified plans.Be sure to provide definitions of each.

A work arrangement whereby employees are able to remain at home and perform their work using computers that connect them with their offices is referred to as ________.

The primary reason for enacting ERISA was to ________.

What are the advantages and disadvantages of offering sabbaticals to employees?

Human Resource Management: An Overview

Business Ethics and Corporate Social Responsibility

Equal Employment Opportunity, Affirmative Action, and Workforce Diversity

Strategic Planning, Human Resource Planning, and Job Analysis

Recruitment

Selection

Performance Management and Appraisal

Training and Development

Direct Financial Compensation Core Compensation:

Labor Unions and Collective Bargaining

Internal Employee Relations

Employee Safety, Health, and Wellness

Global Human Resource Management

Filters