Question 1

Discuss the three forms of flexible benefits plans and the challenges involved in implementing any flexible benefits plan.

Accepted Answer

Summary of suggested answer -
•Flexible

Question 2

According to surveys,which of the following is true about FMLA?

Accepted Answer

A)  Leave causes significant staffing problems for small employers. 
B)  Leave is primarily taken to care for sick family members. 
C)  Nearly 50% of eligible workers take leave each year. 
D)  Leave is primarily taken for overseas adoptions. 
A)  Leave causes significant staffing problems for small employers. 
B)  Leave is primarily taken to care for sick family members. 
C)  Nearly 50% of eligible workers take leave each year. 
D)  Leave is primarily taken for overseas adoptions.

Question 3

With regards to employee benefits,the United States differs from other developed countries in that:

Accepted Answer

A)  the United States government covers the costs of most employee benefits. 
B)  United States employers provide a small percentage of employee benefits. 
C)  most other countries provide better benefits than the United States. 
D)  United States employers provide most of their employees' benefits. 
A)  the United States government covers the costs of most employee benefits. 
B)  United States employers provide a small percentage of employee benefits. 
C)  most other countries provide better benefits than the United States. 
D)  United States employers provide most of their employees' benefits.

Question 4

A(n)________ is a health-care plan that provides comprehensive medical services for employees and their families at a flat annual fee.

Accepted Answer

health mai

Question 5

Employee benefits are used to:

Accepted Answer

A)  reward employee performance. 
B)  provide security for employees. 
C)  motivate greater productivity. 
D)  comply with federal regulation. 
A)  reward employee performance. 
B)  provide security for employees. 
C)  motivate greater productivity. 
D)  comply with federal regulation.

Question 6

Unemployment insurance is:

Accepted Answer

A)  paid for through union dues. 
B)  funded by the federal government. 
C)  paid for by a tax on employers. 
D)  funded by health insurance companies. 
A)  paid for through union dues. 
B)  funded by the federal government. 
C)  paid for by a tax on employers. 
D)  funded by health insurance companies.

Question 7

Additional Case 12.2
Tri-State Shipping employs 45 workers. They ship commodities across the country. Until recently, they had only legally required benefits, but business has become very profitable and they can now offer their employees more benefits.
The average age of their employees is 50. Most employees have been there for more than 20 years, and the company prides itself on keeping workers. The majority of the jobs require heavy lifting or the operation of heavy equipment for loading and unloading trucks, trains, etc. Their workers' compensation tax has been running about 5% per year. They are in one of the lowest workers' compensation tax rate states, but TSS has had a lot of injuries. The lifting required and type of equipment used tends to result in a lot of sprained backs, mashed fingers, or bruised muscles. When workers are injured, they tend to heal quickly and return to work quickly.
Despite its reputation for keeping workers, the dock supervisor recently fired a 21-year old employee who had been with TSS for 12 months. Even though everyone liked him, the young man just couldn't learn his job.
-Refer to Additional Case 12.2.Tri-State Shipping's workers' compensation tax rate is:

Accepted Answer

A)  average for U.S. companies. 
B)  five times the U.S. average. 
C)  half of the U.S. average. 
D)  twice the U.S. average. 
A)  average for U.S. companies. 
B)  five times the U.S. average. 
C)  half of the U.S. average. 
D)  twice the U.S. average.

Question 8

A retirement plan that allows a self-employed person,or people working for a small business,to make larger tax-deductible contributions to a retirement account is called:

Accepted Answer

A)  a 401(k) plan. 
B)  an individual retirement account. 
C)  a simplified employee pension plan. 
D)  a profit-sharing Keogh plan. 
A)  a 401(k) plan. 
B)  an individual retirement account. 
C)  a simplified employee pension plan. 
D)  a profit-sharing Keogh plan.

Question 9

The Consolidated Omnibus Budget Reconciliation Act does which of the following?

Accepted Answer

A)  Prevents employees from taking benefits from one company to another when they change jobs 
B)  Allows employees to continue health insurance coverage after their employment has ended 
C)  Requires employers to contain health-care costs through regular auditing practices 
D)  Provides comprehensive medical services for employees through Medicare 
A)  Prevents employees from taking benefits from one company to another when they change jobs 
B)  Allows employees to continue health insurance coverage after their employment has ended 
C)  Requires employers to contain health-care costs through regular auditing practices 
D)  Provides comprehensive medical services for employees through Medicare

Question 10

A federal law that requires employers to provide up to 12 weeks' unpaid leave to eligible employees for the birth or adoption of a child; to care for a sick parent,child,or spouse; or to take care of health problems that interfere with job performance is called ________.

Accepted Answer

Family and

Question 11

On average,medical benefits and payments for time not worked consume about the same amount of each benefit dollar.

Accepted Answer

A) True 
 B)False

Question 12

All of the following are characteristics of PPOs EXCEPT:

Accepted Answer

A)  flexibility. 
B)  managed health care. 
C)  limited physician choice. 
D)  fixed fee medical services. 
A)  flexibility. 
B)  managed health care. 
C)  limited physician choice. 
D)  fixed fee medical services.

Question 13

Childcare,health club memberships,and company credit unions are examples of:

Accepted Answer

A)  employee services benefits. 
B)  benefits offered under the FMLA. 
C)  benefits offered under ERISA. 
D)  time off benefits. 
A)  employee services benefits. 
B)  benefits offered under the FMLA. 
C)  benefits offered under ERISA. 
D)  time off benefits.

Question 14

Vesting of a retirement plan means that the employee can take the retirement plan with them if they leave the employer.

Accepted Answer

A) True 
 B)False

Question 15

What is the maximum contribution for 401(k)plans?

Accepted Answer

A)  15% of salary up to $17,500 
B)  25% of gross income up to $49,000 
C)  50% of gross income up to $22,300 
D)  100% of salary up to $5,000 
A)  15% of salary up to $17,500 
B)  25% of gross income up to $49,000 
C)  50% of gross income up to $22,300 
D)  100% of salary up to $5,000

Question 16

Sadie is meeting with her boss to discuss her indirect compensation,which is another term for:

Accepted Answer

A)  nonmonetary perks. 
B)  employee benefits. 
C)  base pay. 
D)  total compensation. 
A)  nonmonetary perks. 
B)  employee benefits. 
C)  base pay. 
D)  total compensation.

Question 17

Employers are legally required to provide health insurance to employees.

Accepted Answer

A) True 
 B)False

Question 18

Additional Case 12.1
The HR Director of The Camera Center is leading the executive team through a review of the company's benefits plan. He begins by explaining how the firm funds the benefits plan. After a few questions on that matter, he moves on to clarify what they must offer by law and what benefits the firm would like to provide.
A highly entrepreneurial, performance-driven company, The Camera Center provides an excellent profit-sharing plan and one of the best retirement packages in the industry. The firm commits a high portion of compensation funds to the benefits plan. The workforce tends to be college-educated, young professionals who are just starting their families.
The CEO wants the total benefits plan reviewed and repackaged, if necessary, to align it with The Camera Center's business culture and strategy. He also wants to contain costs as much as possible and simplify benefits 
administration.
-Refer to Additional Case 12.1.Which of the following changes would most likely support the firm's strategies and culture?

Accepted Answer

A)  Offering sabbatical leave to new employees 
B)  Making contributions to employee SEPs 
C)  Subsidizing employee child-care costs 
D)  Implementing a flexible benefits program 
A)  Offering sabbatical leave to new employees 
B)  Making contributions to employee SEPs 
C)  Subsidizing employee child-care costs 
D)  Implementing a flexible benefits program

Question 19

The Family and Medical Leave Act applies to businesses that have 25 or more employees.

Accepted Answer

A) True 
 B)False

Question 20

The Family and Medical Leave Act requires most employers to:

Accepted Answer

A)  provide parents with up to 6 weeks paid leave for the birth of a child. 
B)  permit unpaid leave up to 12 weeks for certain family medical issues. 
C)  provide health insurance for all married couples. 
D)  provide health insurance for all employees. 
A)  provide parents with up to 6 weeks paid leave for the birth of a child. 
B)  permit unpaid leave up to 12 weeks for certain family medical issues. 
C)  provide health insurance for all married couples. 
D)  provide health insurance for all employees.

Discuss the three forms of flexible benefits plans and the challenges involved in implementing any flexible benefits plan.

According to surveys,which of the following is true about FMLA?

With regards to employee benefits,the United States differs from other developed countries in that:

A(n)________ is a health-care plan that provides comprehensive medical services for employees and their families at a flat annual fee.

Employee benefits are used to:

Unemployment insurance is:

A retirement plan that allows a self-employed person,or people working for a small business,to make larger tax-deductible contributions to a retirement account is called:

The Consolidated Omnibus Budget Reconciliation Act does which of the following?

A federal law that requires employers to provide up to 12 weeks' unpaid leave to eligible employees for the birth or adoption of a child; to care for a sick parent,child,or spouse; or to take care of health problems that interfere with job performance is called ________.

On average,medical benefits and payments for time not worked consume about the same amount of each benefit dollar.

All of the following are characteristics of PPOs EXCEPT:

Childcare,health club memberships,and company credit unions are examples of:

Vesting of a retirement plan means that the employee can take the retirement plan with them if they leave the employer.

What is the maximum contribution for 401(k)plans?

Sadie is meeting with her boss to discuss her indirect compensation,which is another term for:

Employers are legally required to provide health insurance to employees.

The Family and Medical Leave Act applies to businesses that have 25 or more employees.

The Family and Medical Leave Act requires most employers to:

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

Discuss the three forms of flexible benefits plans and the challenges involved in implementing any flexible benefits plan.

According to surveys,which of the following is true about FMLA?

With regards to employee benefits,the United States differs from other developed countries in that:

A(n)________ is a health-care plan that provides comprehensive medical services for employees and their families at a flat annual fee.

Employee benefits are used to:

Unemployment insurance is:

A retirement plan that allows a self-employed person,or people working for a small business,to make larger tax-deductible contributions to a retirement account is called:

The Consolidated Omnibus Budget Reconciliation Act does which of the following?

A federal law that requires employers to provide up to 12 weeks' unpaid leave to eligible employees for the birth or adoption of a child; to care for a sick parent,child,or spouse; or to take care of health problems that interfere with job performance is called ________.

On average,medical benefits and payments for time not worked consume about the same amount of each benefit dollar.

All of the following are characteristics of PPOs EXCEPT:

Childcare,health club memberships,and company credit unions are examples of:

Vesting of a retirement plan means that the employee can take the retirement plan with them if they leave the employer.

What is the maximum contribution for 401(k)plans?

Sadie is meeting with her boss to discuss her indirect compensation,which is another term for:

Employers are legally required to provide health insurance to employees.

The Family and Medical Leave Act applies to businesses that have 25 or more employees.

The Family and Medical Leave Act requires most employers to:

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