Question 1

The employee benefit that provides medical care,income,and rehabilitation expenses for individuals who sustain job-related injury or illness is called:

Accepted Answer

A)  workers' compensation. 
B)  Social Security. 
C)  survivor benefits. 
D)  unemployment insurance. 
A)  workers' compensation. 
B)  Social Security. 
C)  survivor benefits. 
D)  unemployment insurance.

Question 2

Sam was born in 1963.What is the earliest age that Sam can retire to receive full Social Security benefits?

Accepted Answer

A)  65 
B)  66 
C)  67 
D)  68 
A)  65 
B)  66 
C)  67 
D)  68

Question 3

A company that focuses on providing job security and long-term employment is likely to devote a small portion of its compensation dollars to benefits.

Accepted Answer

A) True 
 B)False

Question 4

Roth IRAs differ from traditional IRAs in what way?

Accepted Answer

A)  An employee is allowed to contribute more annually to a traditional IRA than to a Roth IRA. 
B)  An employee is allowed to contribute more annually to a Roth IRA than to a traditional IRA. 
C)  Traditional IRAs are restricted to people with adjusted gross incomes of less that $120,000 as a single person or $177,000 for married people filing joint returns. Roth IRAs are not restricted in this way. 
D)  Roth IRAs are restricted to people with adjusted gross incomes of less than $120,000 as a single person or $177,000 for married people filing joint returns. Traditional IRAs are not restricted in this way. 
A)  An employee is allowed to contribute more annually to a traditional IRA than to a Roth IRA. 
B)  An employee is allowed to contribute more annually to a Roth IRA than to a traditional IRA. 
C)  Traditional IRAs are restricted to people with adjusted gross incomes of less that $120,000 as a single person or $177,000 for married people filing joint returns. Roth IRAs are not restricted in this way. 
D)  Roth IRAs are restricted to people with adjusted gross incomes of less than $120,000 as a single person or $177,000 for married people filing joint returns. Traditional IRAs are not restricted in this way.

Question 5

Disability income under Social Security:

Accepted Answer

A)  covers all hospital expenses for anyone over age 65. 
B)  requires 50% disablement for six weeks prior to the beginning of benefits. 
C)  does not take effect until the individual is over age 65. 
D)  comes in monthly payments equivalent to 30% of the individual's earnings. 
A)  covers all hospital expenses for anyone over age 65. 
B)  requires 50% disablement for six weeks prior to the beginning of benefits. 
C)  does not take effect until the individual is over age 65. 
D)  comes in monthly payments equivalent to 30% of the individual's earnings.

Question 6

The ________ is a federal law established in 1974 to protect employees' retirement benefits from mismanagement.

Accepted Answer

Employee R

Question 7

Which of the following accounts for the largest portion of indirect compensation paid by most employers?

Accepted Answer

A)  Legally required benefits 
B)  Payments for time not worked 
C)  Retirement and savings plans 
D)  Life and disability insurance 
A)  Legally required benefits 
B)  Payments for time not worked 
C)  Retirement and savings plans 
D)  Life and disability insurance

Question 8

All of the following are legally required benefits EXCEPT:

Accepted Answer

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

Question 9

Denielle has recently taken FMLA leave from Vanderbilt,Inc.to take care of her ailing child.When she returns to her job,what responsibilities will the company have toward Denielle?

Accepted Answer

A)  Vanderbilt must take the duration of Denielle's FMLA leave into account when determining length of service schedules for promotion purposes. 
B)  Denielle will not be entitled to any cost-of-living pay increases for the time she spends on FMLA leave. 
C)  Denielle is entitled to a job equivalent to her previous job when she returns from FMLA leave. 
D)  Vanderbilt must hold Denielle's position so that she will be able to fill it when she returns from her FMLA leave. 
A)  Vanderbilt must take the duration of Denielle's FMLA leave into account when determining length of service schedules for promotion purposes. 
B)  Denielle will not be entitled to any cost-of-living pay increases for the time she spends on FMLA leave. 
C)  Denielle is entitled to a job equivalent to her previous job when she returns from FMLA leave. 
D)  Vanderbilt must hold Denielle's position so that she will be able to fill it when she returns from her FMLA leave.

Question 10

Which of the following countries offers employees the most vacation days after one year of service?

Accepted Answer

A)  Spain 
B)  France 
C)  United States 
D)  United Kingdom 
A)  Spain 
B)  France 
C)  United States 
D)  United Kingdom

Question 11

Which of the following protects an employee's ability to transfer between health insurance plans without a gap in coverage due to a preexisting condition?

Accepted Answer

A)  PACA 
B)  HIPAA 
C)  COBRA 
D)  ERISA 
A)  PACA 
B)  HIPAA 
C)  COBRA 
D)  ERISA

Question 12

To be eligible for unemployment insurance,employees must meet all of the following requirements EXCEPT:

Accepted Answer

A)  be actively seeking employment. 
B)  have left their job involuntarily. 
C)  have worked a minimum of four out of the last five quarter-year periods. 
D)  have filed a workers' compensation claim within the last twelve months. 
A)  be actively seeking employment. 
B)  have left their job involuntarily. 
C)  have worked a minimum of four out of the last five quarter-year periods. 
D)  have filed a workers' compensation claim within the last twelve months.

Question 13

Melanie is determining what benefits mix will work best for Bob's Building Corp.Which of the following questions is LEAST relevant to Melanie during this process?

Accepted Answer

A)  What are the firm's objectives? 
B)  What benefits are legally required? 
C)  What benefits do competitors offer? 
D)  What are the characteristics of the workforce? 
A)  What are the firm's objectives? 
B)  What benefits are legally required? 
C)  What benefits do competitors offer? 
D)  What are the characteristics of the workforce?

Question 14

The government agency that provides plan termination insurance to employers with defined benefit retirement programs is referred to as the ________.

Accepted Answer

Pension Be

Question 15

Which of the following is designed to encourage preventive health care in order to reduce overall costs?

Accepted Answer

A)  Traditional health insurance 
B)  Preferred provider organization 
C)  Patient's Bill of Rights 
D)  Health maintenance organization 
A)  Traditional health insurance 
B)  Preferred provider organization 
C)  Patient's Bill of Rights 
D)  Health maintenance organization

Question 16

Layla has taken a new job at a large appliance company and must choose between health plans.If Layla is like the majority of employees,she will choose a(n)________ plan.

Accepted Answer

A)  HMO 
B)  PPO 
C)  HSA 
D)  HDHP 
A)  HMO 
B)  PPO 
C)  HSA 
D)  HDHP

Question 17

A profit-sharing Keogh plan allows employers to make contributions to a retirement plan based on company performance.

Accepted Answer

A) True 
 B)False

Question 18

Defined benefits plans promise a fixed dollar amount to employees upon their retirement.

Accepted Answer

A) True 
 B)False

Question 19

Mark lost his job at a large manufacturing company during downsizing.Which of the following ensures that Mark may continue his health insurance coverage?

Accepted Answer

A)  Consolidated Omnibus Budget Reconciliation Act 
B)  Social Security Act 
C)  Family and Medical Leave Act 
D)  Workers' Compensation Act 
A)  Consolidated Omnibus Budget Reconciliation Act 
B)  Social Security Act 
C)  Family and Medical Leave Act 
D)  Workers' Compensation Act

Question 20

Shirley's husband has recently died.She is eligible for survivor benefits if she:

Accepted Answer

A)  is at least 55 years old. 
B)  is at least 55 years old and has an unmarried child younger than 19 years of age. 
C)  cares for a dependent parent of 60 years of age or older. 
D)  is at least 60 years of age. 
A)  is at least 55 years old. 
B)  is at least 55 years old and has an unmarried child younger than 19 years of age. 
C)  cares for a dependent parent of 60 years of age or older. 
D)  is at least 60 years of age.

The employee benefit that provides medical care,income,and rehabilitation expenses for individuals who sustain job-related injury or illness is called:

Sam was born in 1963.What is the earliest age that Sam can retire to receive full Social Security benefits?

A company that focuses on providing job security and long-term employment is likely to devote a small portion of its compensation dollars to benefits.

Roth IRAs differ from traditional IRAs in what way?

Disability income under Social Security:

The ________ is a federal law established in 1974 to protect employees' retirement benefits from mismanagement.

Which of the following accounts for the largest portion of indirect compensation paid by most employers?

All of the following are legally required benefits EXCEPT:

Denielle has recently taken FMLA leave from Vanderbilt,Inc.to take care of her ailing child.When she returns to her job,what responsibilities will the company have toward Denielle?

Which of the following countries offers employees the most vacation days after one year of service?

Which of the following protects an employee's ability to transfer between health insurance plans without a gap in coverage due to a preexisting condition?

To be eligible for unemployment insurance,employees must meet all of the following requirements EXCEPT:

Melanie is determining what benefits mix will work best for Bob's Building Corp.Which of the following questions is LEAST relevant to Melanie during this process?

The government agency that provides plan termination insurance to employers with defined benefit retirement programs is referred to as the ________.

Which of the following is designed to encourage preventive health care in order to reduce overall costs?

Layla has taken a new job at a large appliance company and must choose between health plans.If Layla is like the majority of employees,she will choose a(n)________ plan.

A profit-sharing Keogh plan allows employers to make contributions to a retirement plan based on company performance.

Defined benefits plans promise a fixed dollar amount to employees upon their retirement.

Mark lost his job at a large manufacturing company during downsizing.Which of the following ensures that Mark may continue his health insurance coverage?

Shirley's husband has recently died.She is eligible for survivor benefits if she:

Meeting Present and Emerging Strategic Human Resource Challenges

Managing Work Flows and Conducting Job Analysis

Understanding Equal Opportunity and the Legal Environment

Managing Diversity

Recruiting and Selecting Employees

Managing Employee Separations, Downsizing, and Outplacement

Appraising and Managing Performance

Training the Workforce

Developing Careers

Managing Compensation

Rewarding Performance

Developing Employee Relations

Respecting Employee Rights and Managing Discipline

Working With Organized Labor

Managing Workplace Safety and Health

International HRM Challenge

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Exam 12: Designing and Administering Benefits

The employee benefit that provides medical care,income,and rehabilitation expenses for individuals who sustain job-related injury or illness is called:

Sam was born in 1963.What is the earliest age that Sam can retire to receive full Social Security benefits?

A company that focuses on providing job security and long-term employment is likely to devote a small portion of its compensation dollars to benefits.

Roth IRAs differ from traditional IRAs in what way?

Disability income under Social Security:

The ________ is a federal law established in 1974 to protect employees' retirement benefits from mismanagement.

Which of the following accounts for the largest portion of indirect compensation paid by most employers?

All of the following are legally required benefits EXCEPT:

Denielle has recently taken FMLA leave from Vanderbilt,Inc.to take care of her ailing child.When she returns to her job,what responsibilities will the company have toward Denielle?

Which of the following countries offers employees the most vacation days after one year of service?

Which of the following protects an employee's ability to transfer between health insurance plans without a gap in coverage due to a preexisting condition?

To be eligible for unemployment insurance,employees must meet all of the following requirements EXCEPT:

Melanie is determining what benefits mix will work best for Bob's Building Corp.Which of the following questions is LEAST relevant to Melanie during this process?

The government agency that provides plan termination insurance to employers with defined benefit retirement programs is referred to as the ________.

Which of the following is designed to encourage preventive health care in order to reduce overall costs?

Layla has taken a new job at a large appliance company and must choose between health plans.If Layla is like the majority of employees,she will choose a(n)________ plan.

A profit-sharing Keogh plan allows employers to make contributions to a retirement plan based on company performance.

Defined benefits plans promise a fixed dollar amount to employees upon their retirement.

Mark lost his job at a large manufacturing company during downsizing.Which of the following ensures that Mark may continue his health insurance coverage?

Shirley's husband has recently died.She is eligible for survivor benefits if she:

Meeting Present and Emerging Strategic Human Resource Challenges

Managing Work Flows and Conducting Job Analysis

Understanding Equal Opportunity and the Legal Environment

Managing Diversity

Recruiting and Selecting Employees

Managing Employee Separations, Downsizing, and Outplacement

Appraising and Managing Performance

Training the Workforce

Developing Careers

Managing Compensation

Rewarding Performance

Developing Employee Relations

Respecting Employee Rights and Managing Discipline

Working With Organized Labor

Managing Workplace Safety and Health

International HRM Challenge

Filters