Question 1

Medicare provides a wide range of health services to people ________ or over.

Accepted Answer

A)  55 
B)  60 
C)  65 
D)  70 
A)  55 
B)  60 
C)  65 
D)  70 C

Question 2

What policy issues must employers address when developing benefit plans? What federal laws influence employers' pension and health plans?

Accepted Answer

In developing benefit plans,employers must address numerous policy issues including 1)what benefits to offer; 2)who receives coverage; 3)whether to include retirees in the plan; 4)whether to deny benefits to employees during the initial "probationary" periods; 5)how to finance benefits; 6)the degree of employee choice in determining benefits; 7)cost-containment procedures; and 8)how to communicate benefits options to employees.COBRA,ERISA,FMLA,HIPAA,and the ADA have significant impacts on employers' pension and health plans.

Question 3

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

Accepted Answer

A) True 
 B)False  True

Question 4

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,best supports Orion's decision to offer flextime to its employees?

Accepted Answer

A)  Orion's single-parent employees are frequently late when arriving to work. 
B)  Orion allows some of its employees to telecommute at least one day each week. 
C)  Many Orion employees must conduct business while traveling to different locations. 
D)  Orion employs a large number of part-time employees, most of whom are near retirement age. 
A)  Orion's single-parent employees are frequently late when arriving to work. 
B)  Orion allows some of its employees to telecommute at least one day each week. 
C)  Many Orion employees must conduct business while traveling to different locations. 
D)  Orion employs a large number of part-time employees, most of whom are near retirement age.

Question 5

All of the following are characteristic of 401(k)plans EXCEPT ________.

Accepted Answer

A)  categorized as a defined contribution plan 
B)  deduction replaces Social Security tax 
C)  pretax salary deductions invested 
D)  considered a savings and thrift plan 
A)  categorized as a defined contribution plan 
B)  deduction replaces Social Security tax 
C)  pretax salary deductions invested 
D)  considered a savings and thrift plan

Question 6

Private employers forced to downsize are required to provide COBRA coverage,and some firms offer dismissed employees severance pay.How do employers benefit from providing severance pay to dismissed employees? How do employees benefit from COBRA?

Accepted Answer

Severance pay is a one-time payment offe

Question 7

A plan that contains a formula for determining retirement benefits is known as a ________.

Accepted Answer

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

Question 8

Stephanie has opted to work from 7 am to 3 pm so that she can be home when her son finishes school in the afternoons.Her company must offer ________ for Stephanie to have this option.

Accepted Answer

A)  shift work 
B)  flextime 
C)  telecommuting 
D)  compressed workweeks 
A)  shift work 
B)  flextime 
C)  telecommuting 
D)  compressed workweeks

Question 9

Which health benefit is offered by almost all employers?

Accepted Answer

A)  vision insurance 
B)  chiropractic insurance 
C)  prescription drug coverage 
D)  health maintenance organization 
A)  vision insurance 
B)  chiropractic insurance 
C)  prescription drug coverage 
D)  health maintenance organization

Question 10

If an employee is injured at work due to a blatant disregard for company safety policies,the company is not required to pay workers' compensation.

Accepted Answer

A) True 
 B)False

Question 11

Taxes on employee wages to fund Social Security apply to all earnings up to ________.

Accepted Answer

A)  $46,500 
B)  $63,700 
C)  $113,700 
D)  $124,300 
A)  $46,500 
B)  $63,700 
C)  $113,700 
D)  $124,300

Question 12

Which of the following refers to a plan in which employees contribute a portion of their earnings to a fund and the employer typically matches the contribution in whole or part?

Accepted Answer

A)  group investment plan 
B)  401(k) plan 
C)  deferred profit-sharing plan 
D)  employee stock ownership plan 
A)  group investment plan 
B)  401(k) plan 
C)  deferred profit-sharing plan 
D)  employee stock ownership plan

Question 13

Malcolm is interviewing for a new job and he is evaluating the quality of the pension plans offered for each company he is considering.One company offers a pension plan in which the company will make all contributions to the plan and will base his pension benefit on a formula linked to his pay at the time of retirement and the number of years he was with the firm.This pension plan is most likely classified as ________.

Accepted Answer

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

Question 14

The Consolidated Omnibus Budget Reconciliation Act requires the government to provide health insurance to terminated or retired employees and their families through the Medicare system.

Accepted Answer

A) True 
 B)False

Question 15

In addition to the funds contributed by employers,each state also contributes to funds for workers' compensation.

Accepted Answer

A) True 
 B)False

Question 16

Pooled paid leave plans combine sick leave,vacation,and personal days into a single leave pool and have been blamed for increasing employee absenteeism.

Accepted Answer

A) True 
 B)False

Question 17

A primary benefit of 401(k)plans is that payments made by employees into the plan are pretax,so the employee pays no tax on those dollars until after he or she retires or withdraws the money.

Accepted Answer

A) True 
 B)False

Question 18

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 19

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 20

In most states,workers' compensation benefits have no time limit,so injured employees may receive monetary and medical compensation for the duration of their employment.

Accepted Answer

A) True 
 B)False

Medicare provides a wide range of health services to people ________ or over.

What policy issues must employers address when developing benefit plans? What federal laws influence employers' pension and health plans?

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

All of the following are characteristic of 401(k)plans EXCEPT ________.

Private employers forced to downsize are required to provide COBRA coverage,and some firms offer dismissed employees severance pay.How do employers benefit from providing severance pay to dismissed employees? How do employees benefit from COBRA?

A plan that contains a formula for determining retirement benefits is known as a ________.

Stephanie has opted to work from 7 am to 3 pm so that she can be home when her son finishes school in the afternoons.Her company must offer ________ for Stephanie to have this option.

Which health benefit is offered by almost all employers?

If an employee is injured at work due to a blatant disregard for company safety policies,the company is not required to pay workers' compensation.

Taxes on employee wages to fund Social Security apply to all earnings up to ________.

Which of the following refers to a plan in which employees contribute a portion of their earnings to a fund and the employer typically matches the contribution in whole or part?

The Consolidated Omnibus Budget Reconciliation Act requires the government to provide health insurance to terminated or retired employees and their families through the Medicare system.

In addition to the funds contributed by employers,each state also contributes to funds for workers' compensation.

Pooled paid leave plans combine sick leave,vacation,and personal days into a single leave pool and have been blamed for increasing employee absenteeism.

A primary benefit of 401(k)plans is that payments made by employees into the plan are pretax,so the employee pays no tax on those dollars until after he or she retires or withdraws the money.

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

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

In most states,workers' compensation benefits have no time limit,so injured employees may receive monetary and medical compensation for the duration of their employment.

Introduction to Human Resource Management

Equal Opportunity and the Law

Human Resource Management Strategy and Analysis

Job Analysis and the Talent Management Process

Personnel Planning and Recruiting

Employee Testing and Selection

Interviewing Candidates

Training and Developing Employees

Performance Management and Appraisal

Employee Retention, Engagement, and Careers

Establishing Strategic Pay Plans

Pay for Performance and Financial Incentives

Ethics and Employee Rights and Discipline

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

Medicare provides a wide range of health services to people ________ or over.

What policy issues must employers address when developing benefit plans? What federal laws influence employers' pension and health plans?

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

All of the following are characteristic of 401(k)plans EXCEPT ________.

Private employers forced to downsize are required to provide COBRA coverage,and some firms offer dismissed employees severance pay.How do employers benefit from providing severance pay to dismissed employees? How do employees benefit from COBRA?

A plan that contains a formula for determining retirement benefits is known as a ________.

Stephanie has opted to work from 7 am to 3 pm so that she can be home when her son finishes school in the afternoons.Her company must offer ________ for Stephanie to have this option.

Which health benefit is offered by almost all employers?

If an employee is injured at work due to a blatant disregard for company safety policies,the company is not required to pay workers' compensation.

Taxes on employee wages to fund Social Security apply to all earnings up to ________.

Which of the following refers to a plan in which employees contribute a portion of their earnings to a fund and the employer typically matches the contribution in whole or part?

The Consolidated Omnibus Budget Reconciliation Act requires the government to provide health insurance to terminated or retired employees and their families through the Medicare system.

In addition to the funds contributed by employers,each state also contributes to funds for workers' compensation.

Pooled paid leave plans combine sick leave,vacation,and personal days into a single leave pool and have been blamed for increasing employee absenteeism.

A primary benefit of 401(k)plans is that payments made by employees into the plan are pretax,so the employee pays no tax on those dollars until after he or she retires or withdraws the money.

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

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

In most states,workers' compensation benefits have no time limit,so injured employees may receive monetary and medical compensation for the duration of their employment.

Introduction to Human Resource Management

Equal Opportunity and the Law

Human Resource Management Strategy and Analysis

Job Analysis and the Talent Management Process

Personnel Planning and Recruiting

Employee Testing and Selection

Interviewing Candidates

Training and Developing Employees

Performance Management and Appraisal

Employee Retention, Engagement, and Careers

Establishing Strategic Pay Plans

Pay for Performance and Financial Incentives

Ethics and Employee Rights and Discipline

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

Managing Human Resources in Entrepreneurial Firms

Filters