Exam 10: Indirect Financial Compensation Employee Benefits:

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Jackie's employer is downsizing to reduce expenses,and Jackie has been informed that she will be laid off.What is the maximum number of weeks that Jackie can receive unemployment compensation?

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Margaret's husband,who worked as an accountant,recently died from a heart attack while on vacation.Which of the following would most likely be provided to Margaret?

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Coinsurance of 20 percent means that the insurance plan will pay 20 percent of the covered expenses while the insured will pay 80 percent.

(True/False)
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Health maintenance organizations cover all services for a fixed fee but control is exercised over which doctors and health facilities a member may use.

(True/False)
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Curt has been offered a position with Premium Processing.As part of its benefits package,the firm offers child care,educational assistance,and relocation benefits.Which term best describes the benefits offered by Premium Processing?

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The Employee Retirement Income Security Act requires employers to create and fund employee retirement plans and sets vesting standards.

(True/False)
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What type of retirement plan provides the participant with a fixed benefit upon retirement?

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Telecommuting is limited to information workers because jobs in the fields of banking and architecture require employees to work in a corporate office.

(True/False)
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Which of the following permits employees to make yearly selections to largely determine their compensation package by choosing between taxable cash and numerous benefits?

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Which of the following is NOT a discretionary benefit?

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What will be the retirement age in 2027 to receive Social Security retirement benefits?

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What is a consumer-driven health care plan? How do they benefit employers?

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What type of retirement plan has elements of both defined benefit plans and defined contribution plans?

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COBRA gives employees the opportunity to temporarily continue their health insurance coverage after a termination or layoff.

(True/False)
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A results-only work environment allows employees to ________.

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The intent of which Act is to ensure that when employees retire,they receive deserved pensions?

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Benefits do not generally serve as motivation for improved performance.

(True/False)
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In a brief essay,discuss some of the reasons why companies choose to offer employee benefits.

(Essay)
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What type of insurance is a benefit commonly provided to protect an employee's family in the event of the employee's death?

(Multiple Choice)
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Which of the following protects employees against an earnings loss when they are totally incapacitated?

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