Question 1

Additional pay provided to employees who work under extremely dangerous conditions is called hazard pay.

Accepted Answer

A) True 
 B)False

Question 2

Eliot receives overtime compensation when he works on Sundays and holidays in his job as a warehouse manager.Which of the following does Eliot most likely receive?

Accepted Answer

A)  supplemental wages 
B)  voluntary benefits 
C)  premium pay 
D)  spot bonuses 
A)  supplemental wages 
B)  voluntary benefits 
C)  premium pay 
D)  spot bonuses

Question 3

With a heterogeneous workforce,employers are having to be more flexible.How are employers using customized benefits plans and flextime to meet the needs of today's employees?

Accepted Answer

Customized benefit plans permit employee

Question 4

Employers pay the Federal Unemployment Tax at a rate of 6.2 percent on the first ________ each employee earns.

Accepted Answer

A)  $1,000 
B)  $5,000 
C)  $7,000 
D)  $10,000 
A)  $1,000 
B)  $5,000 
C)  $7,000 
D)  $10,000

Question 5

Steve is employed as an accounts manager at an advertising agency.Steve has been offered a similar position at another firm for an equivalent salary and benefits package.When making his decision,Steve should focus primarily on nonfinancial compensation factors.Which of the following questions is LEAST relevant to Steve's decision to remain at his current job?

Accepted Answer

A)  Is the job meaningful and challenging? 
B)  Is the employee stock option plan risky? 
C)  Is there a possibility for increased responsibility? 
D)  Is there an opportunity for growth and achievement? 
A)  Is the job meaningful and challenging? 
B)  Is the employee stock option plan risky? 
C)  Is there a possibility for increased responsibility? 
D)  Is there an opportunity for growth and achievement?

Question 6

Health care benefits represent the most expensive cost in the area of indirect financial compensation.Which of the following is NOT a factor that has combined to create this situation?

Accepted Answer

A)  shrinking population 
B)  growing demand for medical care 
C)  inefficient administrative processes 
D)  increasingly expensive medical technology 
A)  shrinking population 
B)  growing demand for medical care 
C)  inefficient administrative processes 
D)  increasingly expensive medical technology

Question 7

Which term refers to company-paid shipments of household goods and temporary living expenses?

Accepted Answer

A)  unemployment compensation 
B)  relocation benefits 
C)  premium payments 
D)  disability benefits 
A)  unemployment compensation 
B)  relocation benefits 
C)  premium payments 
D)  disability benefits

Question 8

Which of the following provides hospital and medical insurance protection for individuals who are 65 years of age or older?

Accepted Answer

A)  Medicare 
B)  HMO 
C)  Medicaid 
D)  PPO 
A)  Medicare 
B)  HMO 
C)  Medicaid 
D)  PPO

Question 9

Which of the following pays for unemployment insurance?

Accepted Answer

A)  state and local governments 
B)  employer and employee 
C)  employee only 
D)  employer only 
A)  state and local governments 
B)  employer and employee 
C)  employee only 
D)  employer only

Question 10

Max,a newspaper photographer,is allowed to choose his own working hours,within certain limitations.Which of the following is most likely offered by Max's employer?

Accepted Answer

A)  telecommuting 
B)  job sharing 
C)  part-time work 
D)  flextime 
A)  telecommuting 
B)  job sharing 
C)  part-time work 
D)  flextime

Question 11

Maura's retirement plan requires her employer to make specific contributions to a retirement fund established for Maura.Which type of plan does Maura most likely have?

Accepted Answer

A)  defined contribution plan 
B)  deferred contribution plan 
C)  defined benefit plan 
D)  deferred salary plan 
A)  defined contribution plan 
B)  deferred contribution plan 
C)  defined benefit plan 
D)  deferred salary plan

Question 12

Which term refers to a benefit plan established by employers that allows employees to deposit a certain portion of their pre-tax salary into an account to be used for eligible expenses?

Accepted Answer

A)  cash balance plans 
B)  health savings account 
C)  flexible spending account 
D)  defined health benefit account 
A)  cash balance plans 
B)  health savings account 
C)  flexible spending account 
D)  defined health benefit account

Question 13

A 401(k)plan is a defined benefit plan in which employees may defer income up to a maximum amount allowed.

Accepted Answer

A) True 
 B)False

Question 14

How has federal legislation affected the benefits employees receive? Provide specific examples of laws and their effects in your response.

Accepted Answer

Employers provide most benefits,but the

Question 15

________ provides protection to employees' beneficiaries only during a limited period.

Accepted Answer

A)  Term life insurance 
B)  Universal life insurance 
C)  Whole life insurance 
D)  Social Security survivor's insurance 
A)  Term life insurance 
B)  Universal life insurance 
C)  Whole life insurance 
D)  Social Security survivor's insurance

Question 16

According to the Fair Labor Standards Act,firms are required to give employees a 10 minute rest break every four hours.

Accepted Answer

A) True 
 B)False

Question 17

U.S.multinationals have discovered that U.S.insurance plan designs were not universally acceptable in other countries because of differences in ________.

Accepted Answer

A)  the demographic characteristics of workers 
B)  labor and tax regulations 
C)  health care standards 
D)  political ideology 
A)  the demographic characteristics of workers 
B)  labor and tax regulations 
C)  health care standards 
D)  political ideology

Question 18

All financial rewards that are NOT included in direct financial compensation are known as ________.

Accepted Answer

A)  bonuses 
B)  wages 
C)  commissions 
D)  employee benefits 
A)  bonuses 
B)  wages 
C)  commissions 
D)  employee benefits

Question 19

Which law gives employees the opportunity to temporarily continue their health insurance coverage if they are terminated from their job?

Accepted Answer

A)  Health Insurance Portability and Accountability Act 
B)  Consolidated Omnibus Budget Reconciliation Act 
C)  Americans with Disabilities Act 
D)  Rehabilitation Act 
A)  Health Insurance Portability and Accountability Act 
B)  Consolidated Omnibus Budget Reconciliation Act 
C)  Americans with Disabilities Act 
D)  Rehabilitation Act

Question 20

Legally required benefits currently include all of the following EXCEPT ________.

Accepted Answer

A)  Social Security 
B)  workers' compensation 
C)  unemployment insurance 
D)  paid time off for holidays 
A)  Social Security 
B)  workers' compensation 
C)  unemployment insurance 
D)  paid time off for holidays

Additional pay provided to employees who work under extremely dangerous conditions is called hazard pay.

Eliot receives overtime compensation when he works on Sundays and holidays in his job as a warehouse manager.Which of the following does Eliot most likely receive?

With a heterogeneous workforce,employers are having to be more flexible.How are employers using customized benefits plans and flextime to meet the needs of today's employees?

Employers pay the Federal Unemployment Tax at a rate of 6.2 percent on the first ________ each employee earns.

Health care benefits represent the most expensive cost in the area of indirect financial compensation.Which of the following is NOT a factor that has combined to create this situation?

Which term refers to company-paid shipments of household goods and temporary living expenses?

Which of the following provides hospital and medical insurance protection for individuals who are 65 years of age or older?

Which of the following pays for unemployment insurance?

Max,a newspaper photographer,is allowed to choose his own working hours,within certain limitations.Which of the following is most likely offered by Max's employer?

Maura's retirement plan requires her employer to make specific contributions to a retirement fund established for Maura.Which type of plan does Maura most likely have?

Which term refers to a benefit plan established by employers that allows employees to deposit a certain portion of their pre-tax salary into an account to be used for eligible expenses?

A 401(k)plan is a defined benefit plan in which employees may defer income up to a maximum amount allowed.

How has federal legislation affected the benefits employees receive? Provide specific examples of laws and their effects in your response.

________ provides protection to employees' beneficiaries only during a limited period.

According to the Fair Labor Standards Act,firms are required to give employees a 10 minute rest break every four hours.

U.S.multinationals have discovered that U.S.insurance plan designs were not universally acceptable in other countries because of differences in ________.

All financial rewards that are NOT included in direct financial compensation are known as ________.

Which law gives employees the opportunity to temporarily continue their health insurance coverage if they are terminated from their job?

Legally required benefits currently include all of the following EXCEPT ________.

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:

Additional pay provided to employees who work under extremely dangerous conditions is called hazard pay.

Eliot receives overtime compensation when he works on Sundays and holidays in his job as a warehouse manager.Which of the following does Eliot most likely receive?

With a heterogeneous workforce,employers are having to be more flexible.How are employers using customized benefits plans and flextime to meet the needs of today's employees?

Employers pay the Federal Unemployment Tax at a rate of 6.2 percent on the first ________ each employee earns.

Health care benefits represent the most expensive cost in the area of indirect financial compensation.Which of the following is NOT a factor that has combined to create this situation?

Which term refers to company-paid shipments of household goods and temporary living expenses?

Which of the following provides hospital and medical insurance protection for individuals who are 65 years of age or older?

Which of the following pays for unemployment insurance?

Max,a newspaper photographer,is allowed to choose his own working hours,within certain limitations.Which of the following is most likely offered by Max's employer?

Maura's retirement plan requires her employer to make specific contributions to a retirement fund established for Maura.Which type of plan does Maura most likely have?

Which term refers to a benefit plan established by employers that allows employees to deposit a certain portion of their pre-tax salary into an account to be used for eligible expenses?

A 401(k)plan is a defined benefit plan in which employees may defer income up to a maximum amount allowed.

How has federal legislation affected the benefits employees receive? Provide specific examples of laws and their effects in your response.

________ provides protection to employees' beneficiaries only during a limited period.

According to the Fair Labor Standards Act,firms are required to give employees a 10 minute rest break every four hours.

U.S.multinationals have discovered that U.S.insurance plan designs were not universally acceptable in other countries because of differences in ________.

All financial rewards that are NOT included in direct financial compensation are known as ________.

Which law gives employees the opportunity to temporarily continue their health insurance coverage if they are terminated from their job?

Legally required benefits currently include all of the following EXCEPT ________.

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