Exam 13: Employee Benefits

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Workers are eligible for unemployment benefits if they

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An organization introduces active employee wellness programs.Which of the following is likely to happen in the organization as a result?

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Increasing retiree health care costs (and the change in accounting standards)have led some companies to require white-collar employees and retirees to pay insurance premiums for the first time in history.

(True/False)
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Cassie is excited to begin her first part-time job.She can't wait to earn vacation,have her own health insurance,and contribute to her pension.

(True/False)
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Shannon has been offered a job with a competitor.Her base pay will be higher,but the new company does not offer health insurance.She will have to buy it on her own.She decides to turn down the new job to keep her health insurance.Her current employer is more likely to retain employees because of health insurance.

(True/False)
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Meghan is a new employee and is trying to select her benefits package.She has questions in particular about flexible spending accounts.What will you tell her about the pros and cons of this type of benefit?

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Fitness facility programs have two central goals: raising awareness levels of health-related issues and informing people on health-related topics.

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The Consolidated Omnibus Budget Reconciliation Act (COBRA)requires that the beneficiary (whether the employee,spouse,or dependent)have access to the same services as employees who have not lost their health insurance.

(True/False)
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The ________ requires defined contribution plans holding publicly traded securities to provide employees with at least three investment options other than employer securities.

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Defined contribution plans insulate employees from investment risks,which are borne by the company.

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At the highest level of child care provision,firms provide employees with

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The unemployment insurance program is financed largely through federal and state taxes on

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Which of the following is true of an active wellness program?

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One of the objectives of the unemployment insurance program is to offset lost income during voluntary unemployment.

(True/False)
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Which of the following is an example of a Pareto group?

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________ plans permit employees to defer compensation on a pretax basis.

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The follow-up model is better than the physical fitness facility and health education programs in reducing risk factors.

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At a retirement meeting,Myra learned that Social Security retirement benefits are no longer subject to an earnings test,if you are at retirement age.This made her happy.

(True/False)
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Economic theory tells us that people prefer a dollar in cash over a dollar's worth of any specific commodity because the cash can be used to purchase the commodity or something else.

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Flexible benefit plans are also known as cafeteria-style plans.

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