Question 1

What are the main reasons for increasing health care benefit costs in Canada?

Accepted Answer

A)  Increasing use of expensive new drugs and rising drug use by an aging population 
B)  "Cost cutting" in provincial health care plans and the arrival of new types of diseases 
C)  The rise in psychiatric and psychological needs of employees 
D)  Increasing stress related illnesses and associated legal costs from employee complaints 
E)  Increasing workers' compensation claims and the use of expensive new drugs 
A)  Increasing use of expensive new drugs and rising drug use by an aging population 
B)  "Cost cutting" in provincial health care plans and the arrival of new types of diseases 
C)  The rise in psychiatric and psychological needs of employees 
D)  Increasing stress related illnesses and associated legal costs from employee complaints 
E)  Increasing workers' compensation claims and the use of expensive new drugs

Question 2

What is the purpose of a SUB plan?

Accepted Answer

A)  To supplement EI benefits by receiving a combined benefit closer to the actual working wage 
B)  To provide benefits separate from EI so that employees can better maintain their standard of living during periods of unemployment 
C)  To supplement maternity leave for either the mother of spouse of the mother 
D)  To facilitate collective bargaining so that striking workers can receive strike pay without delay 
E)  To facilitate an agreement between an employer and the employees for benefits as needs of the employees change 
A)  To supplement EI benefits by receiving a combined benefit closer to the actual working wage 
B)  To provide benefits separate from EI so that employees can better maintain their standard of living during periods of unemployment 
C)  To supplement maternity leave for either the mother of spouse of the mother 
D)  To facilitate collective bargaining so that striking workers can receive strike pay without delay 
E)  To facilitate an agreement between an employer and the employees for benefits as needs of the employees change

Question 3

What are indirect financial payments given to employees known as?

Accepted Answer

A)  Financial incentives 
B)  Stock options 
C)  Perquisites 
D)  Commissions 
E)  Employee benefits 
A)  Financial incentives 
B)  Stock options 
C)  Perquisites 
D)  Commissions 
E)  Employee benefits

Question 4

Which of the following factors, according to the text, is expected to increase the cost of benefits?

Accepted Answer

A)  Advances in dental care 
B)  The looming labour shortage 
C)  Baby boomers 
D)  Employee services 
E)  Pension plans 
A)  Advances in dental care 
B)  The looming labour shortage 
C)  Baby boomers 
D)  Employee services 
E)  Pension plans

Question 5

What is the fastest-growing occupational disability category?

Accepted Answer

A)  Repetitive strain injuries 
B)  Back injuries 
C)  Eye strain and injuries 
D)  Falls from a height (including ladders) 
E)  Psychiatric disabilities 
A)  Repetitive strain injuries 
B)  Back injuries 
C)  Eye strain and injuries 
D)  Falls from a height (including ladders) 
E)  Psychiatric disabilities

Question 6

What percentage do Canadian employers pay of all health care expenses in Canada, most of which is for prescription drugs?

Accepted Answer

A)  36 
B)  25 
C)  40 
D)  30 
E)  50 
A)  36 
B)  25 
C)  40 
D)  30 
E)  50

Question 7

What is known as the percentage of expenses (in excess of the deductible) that are paid for by the insurance plan?

Accepted Answer

A)  Insured amount 
B)  Uninsured amount 
C)  Coinsurance level 
D)  Premium 
E)  Assessment 
A)  Insured amount 
B)  Uninsured amount 
C)  Coinsurance level 
D)  Premium 
E)  Assessment

Question 8

In a contributory pension plan, contributions are made by

Accepted Answer

A)  the government and the employee. 
B)  the employer only. 
C)  the government and the employer. 
D)  both the employer and the employee. 
E)  the employee only. 
A)  the government and the employee. 
B)  the employer only. 
C)  the government and the employer. 
D)  both the employer and the employee. 
E)  the employee only.

Question 9

Unlike government-provided retirement benefits, employer-sponsored pension plans are which of the following?

Accepted Answer

A)  Self-paid 
B)  Easily managed 
C)  Fixed 
D)  Pre-funded 
E)  Flexible 
A)  Self-paid 
B)  Easily managed 
C)  Fixed 
D)  Pre-funded 
E)  Flexible

Question 10

Carlos has noticed that employees in his organization don't really value the benefits package his organization has designed for them. The workforce in Carlos' organization is quite diverse in age and other demographic variables. Give Carlos some advice about flexible benefits by describing what they are and be sure to tell him about at least two key advantages and disadvantages of flexible benefits.

Accepted Answer

Two points for accurate descri

Question 11

What is the pension plan in which a certain amount of profit is credited to each employee's account, payable at retirement, termination, or death called?

Accepted Answer

A)  Group profit pension plan 
B)  Defined profit pension plan 
C)  Defined contribution profit plan 
D)  Deferred profit-sharing plan 
E)  Group profit-sharing plan 
A)  Group profit pension plan 
B)  Defined profit pension plan 
C)  Defined contribution profit plan 
D)  Deferred profit-sharing plan 
E)  Group profit-sharing plan

Question 12

Workers' compensation is, in effect, what type of insurance plan?

Accepted Answer

A)  Pension 
B)  Bureaucratic 
C)  Guaranteed 
D)  "No cost" 
E)  "No fault" 
A)  Pension 
B)  Bureaucratic 
C)  Guaranteed 
D)  "No cost" 
E)  "No fault"

Question 13

What percentage of employers have implemented return-to-work programs specific to mental health?

Accepted Answer

A)  33% 
B)  25% 
C)  30% 
D)  20% 
E)  37% 
A)  33% 
B)  25% 
C)  30% 
D)  20% 
E)  37%

Question 14

A pension provision whereby employees who change jobs can transfer the lump sum value of the pension they have earned to a locked-in RRSP or their new employer's pension plan is called what?

Accepted Answer

A)  Non-funding 
B)  Vesting 
C)  A non-locked-in provision 
D)  Flexible pensions 
E)  Portability 
A)  Non-funding 
B)  Vesting 
C)  A non-locked-in provision 
D)  Flexible pensions 
E)  Portability

Question 15

Accidental death and dismemberment coverage provides annuity payments in addition to life insurance benefits when death is accidental.

Accepted Answer

A) True 
 B)False

Question 16

Executive perquisites are usually provided to which of the following?

Accepted Answer

A)  Executives with base salaries of $100 000 or more 
B)  Only a few top executives 
C)  The CEO and the president 
D)  Head office executives 
E)  All executives 
A)  Executives with base salaries of $100 000 or more 
B)  Only a few top executives 
C)  The CEO and the president 
D)  Head office executives 
E)  All executives

Question 17

What is the biggest issue facing benefits managers in Canada today?

Accepted Answer

A)  Workers' compensation costs 
B)  Pension funding 
C)  Unusual illness coverage 
D)  Retiree benefits 
E)  Increasing health care costs 
A)  Workers' compensation costs 
B)  Pension funding 
C)  Unusual illness coverage 
D)  Retiree benefits 
E)  Increasing health care costs

Question 18

Unemployment benefits are meant for workers who are unable to work through no fault of their own.

Accepted Answer

A) True 
 B)False

Question 19

Common health-related insurance plans, other than supplementary health care/medical insurance, include which of the following?

Accepted Answer

A)  Vision care, physiotherapy, and dental care 
B)  Chronic illness benefits, vision care, and dental care 
C)  Vision care, hearing aids, and dental care 
D)  Vision care, psychological counseling, and dental insurance 
E)  Vision care, dental care, and psychological counseling 
A)  Vision care, physiotherapy, and dental care 
B)  Chronic illness benefits, vision care, and dental care 
C)  Vision care, hearing aids, and dental care 
D)  Vision care, psychological counseling, and dental insurance 
E)  Vision care, dental care, and psychological counseling

Question 20

A job-related services benefit that is designed to help employees who must help aging parents or relatives who are not fully able to care for themselves is known as

Accepted Answer

A)  personal care. 
B)  eldercare. 
C)  aging care. 
D)  family care. 
E)  parental care. 
A)  personal care. 
B)  eldercare. 
C)  aging care. 
D)  family care. 
E)  parental care.

What are the main reasons for increasing health care benefit costs in Canada?

What is the purpose of a SUB plan?

What are indirect financial payments given to employees known as?

Which of the following factors, according to the text, is expected to increase the cost of benefits?

What is the fastest-growing occupational disability category?

What percentage do Canadian employers pay of all health care expenses in Canada, most of which is for prescription drugs?

What is known as the percentage of expenses (in excess of the deductible) that are paid for by the insurance plan?

In a contributory pension plan, contributions are made by

Unlike government-provided retirement benefits, employer-sponsored pension plans are which of the following?

What is the pension plan in which a certain amount of profit is credited to each employee's account, payable at retirement, termination, or death called?

Workers' compensation is, in effect, what type of insurance plan?

What percentage of employers have implemented return-to-work programs specific to mental health?

A pension provision whereby employees who change jobs can transfer the lump sum value of the pension they have earned to a locked-in RRSP or their new employer's pension plan is called what?

Accidental death and dismemberment coverage provides annuity payments in addition to life insurance benefits when death is accidental.

Executive perquisites are usually provided to which of the following?

What is the biggest issue facing benefits managers in Canada today?

Unemployment benefits are meant for workers who are unable to work through no fault of their own.

Common health-related insurance plans, other than supplementary health care/medical insurance, include which of the following?

A job-related services benefit that is designed to help employees who must help aging parents or relatives who are not fully able to care for themselves is known as

The Strategic Role of Human Resources Management

The Changing Legal Emphasis: Compliance and Impact on Canadian Workplaces

Human Resources Management and Technology

Designing and Analyzing Jobs

Human Resources Planning

Recruitment

Selection

Onboarding and Training

Career and Management Deveopment

Performance Management

Strategic Pay Plans

Pay-For-Performance and Financial Incentives

Occupational Health and Safety

Managing Employee Separations: Turnover, Communication, and Employee Engagement

Labour Relations

Managing Human Resources in a Global Business

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Exam 13: Employee Benefits and Services

What are the main reasons for increasing health care benefit costs in Canada?

What is the purpose of a SUB plan?

What are indirect financial payments given to employees known as?

Which of the following factors, according to the text, is expected to increase the cost of benefits?

What is the fastest-growing occupational disability category?

What percentage do Canadian employers pay of all health care expenses in Canada, most of which is for prescription drugs?

What is known as the percentage of expenses (in excess of the deductible) that are paid for by the insurance plan?

In a contributory pension plan, contributions are made by

Unlike government-provided retirement benefits, employer-sponsored pension plans are which of the following?

What is the pension plan in which a certain amount of profit is credited to each employee's account, payable at retirement, termination, or death called?

Workers' compensation is, in effect, what type of insurance plan?

What percentage of employers have implemented return-to-work programs specific to mental health?

A pension provision whereby employees who change jobs can transfer the lump sum value of the pension they have earned to a locked-in RRSP or their new employer's pension plan is called what?

Accidental death and dismemberment coverage provides annuity payments in addition to life insurance benefits when death is accidental.

Executive perquisites are usually provided to which of the following?

What is the biggest issue facing benefits managers in Canada today?

Unemployment benefits are meant for workers who are unable to work through no fault of their own.

Common health-related insurance plans, other than supplementary health care/medical insurance, include which of the following?

A job-related services benefit that is designed to help employees who must help aging parents or relatives who are not fully able to care for themselves is known as

The Strategic Role of Human Resources Management

The Changing Legal Emphasis: Compliance and Impact on Canadian Workplaces

Human Resources Management and Technology

Designing and Analyzing Jobs

Human Resources Planning

Recruitment

Selection

Onboarding and Training

Career and Management Deveopment

Performance Management

Strategic Pay Plans

Pay-For-Performance and Financial Incentives

Occupational Health and Safety

Managing Employee Separations: Turnover, Communication, and Employee Engagement

Labour Relations

Managing Human Resources in a Global Business

Filters