Question 1

Educational assistance,subsidized cafeterias,and relocation benefits are examples of ________.

Accepted Answer

A)  mandatory benefits 
B)  employee services 
C)  severance pay 
D)  premium pay 
A)  mandatory benefits 
B)  employee services 
C)  severance pay 
D)  premium pay

Question 2

Jeff lost his job in November 2015.According to COBRA,Jeff may keep his employer's health care coverage until ________.

Accepted Answer

A)  December 2015 
B)  May 2018 
C)  November 2016 
D)  May 2017 
A)  December 2015 
B)  May 2018 
C)  November 2016 
D)  May 2017

Question 3

All of the following are true about the Patient Protection and Affordable Care Act of 2010 EXCEPT that ________.

Accepted Answer

A)  individuals cannot be denied health insurance because of a pre-existing condition 
B)  insurance companies cannot cancel a policy if the insured becomes sick 
C)  individuals who do not purchase health insurance will be fined 
D)  children over 21 cannot remain on their parents' policy 
A)  individuals cannot be denied health insurance because of a pre-existing condition 
B)  insurance companies cannot cancel a policy if the insured becomes sick 
C)  individuals who do not purchase health insurance will be fined 
D)  children over 21 cannot remain on their parents' policy

Question 4

Benefit payments made as a result of unilateral management decisions in nonunion firms,and from labor-management negotiations in unionized firms are known as ________.

Accepted Answer

A)  flexible spending benefits 
B)  direct financial compensation 
C)  discretionary benefits 
D)  workers' compensation 
A)  flexible spending benefits 
B)  direct financial compensation 
C)  discretionary benefits 
D)  workers' compensation

Question 5

The aging population and inefficient administrative processes have been factors in the rising cost of health care.

Accepted Answer

A) True 
 B)False

Question 6

As a rule,employees receive benefits because of their productivity in an organization.

Accepted Answer

A) True 
 B)False

Question 7

Money deposited into FSAs can be rolled over into the next year,while HSA funds left over at the end of the year are forfeited.

Accepted Answer

A) True 
 B)False

Question 8

A major disadvantage of an FSA is that generally employees forfeit any amounts left unspent in the accounts at year end.

Accepted Answer

A) True 
 B)False

Question 9

Which law requires that firms communicate information about their benefit programs to employees?

Accepted Answer

A)  Older Workers Benefit Protection Act 
B)  Patient Protection and Affordable Care Act 
C)  Pension Protection Act 
D)  Employee Retirement Income Security Act 
A)  Older Workers Benefit Protection Act 
B)  Patient Protection and Affordable Care Act 
C)  Pension Protection Act 
D)  Employee Retirement Income Security Act

Question 10

What is a significant issue facing the Social Security program?

Accepted Answer

A)  outsourcing of jobs 
B)  retiring baby-boomers 
C)  growing unemployment rate 
D)  rising workers' compensation costs 
A)  outsourcing of jobs 
B)  retiring baby-boomers 
C)  growing unemployment rate 
D)  rising workers' compensation costs

Question 11

Which law set the criteria for distinguishing between qualified and nonqualified plans?

Accepted Answer

A)  Social Security Act 
B)  Employee Retirement Income Security Act 
C)  Pension Protection Act 
D)  Retirement Parity Act 
A)  Social Security Act 
B)  Employee Retirement Income Security Act 
C)  Pension Protection Act 
D)  Retirement Parity Act

Question 12

Through her employer,Jillian is able to purchase vision and dental insurance at a reduced rate.Jillian's employer pays any administrative fees.Jillian's employer most likely offers ________.

Accepted Answer

A)  voluntary benefits 
B)  customized benefits 
C)  health savings accounts 
D)  flexible spending accounts 
A)  voluntary benefits 
B)  customized benefits 
C)  health savings accounts 
D)  flexible spending accounts

Question 13

Company child care arrangements have been linked to reduced absenteeism and enhanced retention and recruiting.

Accepted Answer

A) True 
 B)False

Question 14

A cash balance plan is a hybrid retirement fund with elements of both defined benefit and defined contribution plans.

Accepted Answer

A) True 
 B)False

Question 15

Which law specifically requires that firms communicate information about health plan offerings to employees?

Accepted Answer

A)  Older Workers Benefit Protection Act 
B)  Patient Protection and Affordable Care Act 
C)  Pension Protection Act 
D)  Employee Retirement Income Security Act 
A)  Older Workers Benefit Protection Act 
B)  Patient Protection and Affordable Care Act 
C)  Pension Protection Act 
D)  Employee Retirement Income Security Act

Question 16

A defined benefit plan is a formal retirement plan that provides the participant with a fixed benefit upon retirement.

Accepted Answer

A) True 
 B)False

Question 17

What Act created a system of retirement benefits?

Accepted Answer

A)  Family and Medical Leave Act 
B)  Fair Labor Standards Act 
C)  Social Security Act 
D)  Pension Protection Act 
A)  Family and Medical Leave Act 
B)  Fair Labor Standards Act 
C)  Social Security Act 
D)  Pension Protection Act

Question 18

Internal Revenue Service regulations allow for educational assistance benefits to be non-taxable up to $10,000 per year.

Accepted Answer

A) True 
 B)False

Question 19

All of the following are examples of specialized health-related insurance plans EXCEPT ________.

Accepted Answer

A)  dental insurance 
B)  vision insurance 
C)  managed care insurance 
D)  mental health insurance 
A)  dental insurance 
B)  vision insurance 
C)  managed care insurance 
D)  mental health insurance

Question 20

According to the U.S.Bureau of Labor Statistics,indirect financial compensation accounts for approximately ________ of employers' total compensation costs.

Accepted Answer

A)  10% 
B)  30% 
C)  50% 
D)  70% 
A)  10% 
B)  30% 
C)  50% 
D)  70%

Educational assistance,subsidized cafeterias,and relocation benefits are examples of ________.

Jeff lost his job in November 2015.According to COBRA,Jeff may keep his employer's health care coverage until ________.

All of the following are true about the Patient Protection and Affordable Care Act of 2010 EXCEPT that ________.

Benefit payments made as a result of unilateral management decisions in nonunion firms,and from labor-management negotiations in unionized firms are known as ________.

The aging population and inefficient administrative processes have been factors in the rising cost of health care.

As a rule,employees receive benefits because of their productivity in an organization.

Money deposited into FSAs can be rolled over into the next year,while HSA funds left over at the end of the year are forfeited.

A major disadvantage of an FSA is that generally employees forfeit any amounts left unspent in the accounts at year end.

Which law requires that firms communicate information about their benefit programs to employees?

What is a significant issue facing the Social Security program?

Which law set the criteria for distinguishing between qualified and nonqualified plans?

Through her employer,Jillian is able to purchase vision and dental insurance at a reduced rate.Jillian's employer pays any administrative fees.Jillian's employer most likely offers ________.

Company child care arrangements have been linked to reduced absenteeism and enhanced retention and recruiting.

A cash balance plan is a hybrid retirement fund with elements of both defined benefit and defined contribution plans.

Which law specifically requires that firms communicate information about health plan offerings to employees?

A defined benefit plan is a formal retirement plan that provides the participant with a fixed benefit upon retirement.

What Act created a system of retirement benefits?

Internal Revenue Service regulations allow for educational assistance benefits to be non-taxable up to $10,000 per year.

All of the following are examples of specialized health-related insurance plans EXCEPT ________.

According to the U.S.Bureau of Labor Statistics,indirect financial compensation accounts for approximately ________ of employers' total compensation costs.

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:

Educational assistance,subsidized cafeterias,and relocation benefits are examples of ________.

Jeff lost his job in November 2015.According to COBRA,Jeff may keep his employer's health care coverage until ________.

All of the following are true about the Patient Protection and Affordable Care Act of 2010 EXCEPT that ________.

Benefit payments made as a result of unilateral management decisions in nonunion firms,and from labor-management negotiations in unionized firms are known as ________.

The aging population and inefficient administrative processes have been factors in the rising cost of health care.

As a rule,employees receive benefits because of their productivity in an organization.

Money deposited into FSAs can be rolled over into the next year,while HSA funds left over at the end of the year are forfeited.

A major disadvantage of an FSA is that generally employees forfeit any amounts left unspent in the accounts at year end.

Which law requires that firms communicate information about their benefit programs to employees?

What is a significant issue facing the Social Security program?

Which law set the criteria for distinguishing between qualified and nonqualified plans?

Through her employer,Jillian is able to purchase vision and dental insurance at a reduced rate.Jillian's employer pays any administrative fees.Jillian's employer most likely offers ________.

Company child care arrangements have been linked to reduced absenteeism and enhanced retention and recruiting.

A cash balance plan is a hybrid retirement fund with elements of both defined benefit and defined contribution plans.

Which law specifically requires that firms communicate information about health plan offerings to employees?

A defined benefit plan is a formal retirement plan that provides the participant with a fixed benefit upon retirement.

What Act created a system of retirement benefits?

Internal Revenue Service regulations allow for educational assistance benefits to be non-taxable up to $10,000 per year.

All of the following are examples of specialized health-related insurance plans EXCEPT ________.

According to the U.S.Bureau of Labor Statistics,indirect financial compensation accounts for approximately ________ of employers' total compensation costs.

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