Question 1

The Family and Medical Leave Act (FMLA) defines a _____ as one requiring in-patient, hospital, hospice, or residential medical care or continuing physician care.

Accepted Answer

A)  medical leave event 
B)  serious health condition 
C)  life-threatening illness 
D)  qualifying event

Question 2

Which of the following statements is true of part-time employees?

Accepted Answer

A)  Anti-discrimination laws enable part-time employees to receive the same benefits as full-time employees are offered. 
B)  Most employers in the United States do not provide any part-time employee benefits, except some paid time off. 
C)  Part-time employees typically make no effort to attain benefits because they are covered by their spouse's or parents' insurance policies. 
D)  Most employers provide part-time employees medical benefits, but no time-off benefits because these employees already work on a short schedule.

Question 3

John is a part-time employee in a publishing company. Is he eligible to receive benefits?

Accepted Answer

The answer of John is a part-time employee in a...

Question 4

Why are employee contributions to health plans in companies increasing?

Accepted Answer

The answer of Why are employee contributions to health plans...

Question 5

Why is the communication of benefits important for the efficient functioning of a company?

Accepted Answer

The answer of Why is the communication of benefits important...

Question 6

Linda works in a company that pays for the medical insurances of all its employees. However, every time she visits her physician, she is charged $25. Her medical insurance covers the rest of the fee. This is an example of:

Accepted Answer

A)  managed care. 
B)  consumer-driven health plan. 
C)  a copayment. 
D)  an HMO.

Question 7

Arexa, a toy manufacturing company allows its employees to select the benefits that they would like to attain from a list of options established by the company. What are such benefit plans called? What are the advantages and disadvantages of using such benefit plans?

Accepted Answer

The answer of Arexa, a toy manufacturing company allows its...

Question 8

The federal government mandates a minimum of two weeks severance pay for older employees who are asked to retire early.

Accepted Answer

A) True 
 B)False

Question 9

Glen, a line manager, is informed that his company would be introducing a stock purchase plan for employees. This implies that:

Accepted Answer

A)  the employer will provide company stocks to employees as incentives. 
B)  Glen will be given a few company stocks for free, which he can later sell at the market rate. 
C)  Glen can buy shares in the company at a discount. 
D)  Glen would be provided financial counseling on the purchase and sale of stocks.

Question 10

Which of the following is true about the Older Workers Benefit Protection Act (OWBPA)?

Accepted Answer

A)  It has set the maximum retirement age for employees to be eligible for retirements benefits at 60 years. 
B)  The Age Discrimination in Employment Act was enacted in 1990 as an amendment to the OWBPA. 
C)  It sets forth certain conditions that must be met when older workers are offered early retirement. 
D)  The Older Workers Benefit Protection Act did not cover employees in the government sector.

Question 11

What are the advantages of using paid paid-time-off (PTO) plans?

Accepted Answer

The answer of What are the advantages of using paid...

Question 12

A situation in which only higher-risk employees choose and use certain benefits under a flexible benefits plan provided by employers is referred to as _____.

Accepted Answer

A)  concentration of risk 
B)  perceived vulnerability 
C)  adverse selection 
D)  skewed distribution effect

Question 13

How do employee benefits provide competitive advantage to employers?

Accepted Answer

The answer of How do employee benefits provide competitive advantage...

Question 14

Employees find 401(k) plans unattractive because these plans require employees to pay higher income taxes during working years.

Accepted Answer

A) True 
 B)False

Question 15

Long-term disability insurance provides continuing income protection for employees who become disabled and are unable to work.

Accepted Answer

A) True 
 B)False

Question 16

In developed countries, _____ are far more likely to provide compulsory health plans for people, regardless of employment status.

Accepted Answer

A)  privately owned organizations 
B)  governments 
C)  non-governmental organizations 
D)  unions

Question 17

What is workers' compensation? Explain.

Accepted Answer

The answer of What is workers' compensation? Explain....

Question 18

What are the legal regulations regarding early retirement in U.S. companies?

Accepted Answer

The answer of What are the legal regulations regarding early...

Question 19

Research has shown that absenteeism because of illness is lower when employees are not paid for sick time.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following statements is true of the Family and Medical Leave Act?

Accepted Answer

A)  It requires that employers allow employees to take a maximum of 12 weeks of paid leave for caring for a spouse, child, or parent with a serious health condition. 
B)  It requires that employers allow employees to take a maximum of 12 weeks of unpaid, job-protected leave for foster care placement of a child. 
C)  It requires that employers allow employees to take a maximum of 12 weeks of unpaid leave during the birth of a child but not for the adoption of a child. 
D)  It requires that employers allow employees to take a maximum of 12 weeks of paid, job-protected leave babysitting their 5-7 year old children during their vacations.

Exam 13: Managing Employee Benefits

The Family and Medical Leave Act (FMLA) defines a _____ as one requiring in-patient, hospital, hospice, or residential medical care or continuing physician care.

Which of the following statements is true of part-time employees?

John is a part-time employee in a publishing company. Is he eligible to receive benefits?

Why are employee contributions to health plans in companies increasing?

Why is the communication of benefits important for the efficient functioning of a company?

Linda works in a company that pays for the medical insurances of all its employees. However, every time she visits her physician, she is charged $25. Her medical insurance covers the rest of the fee. This is an example of:

Arexa, a toy manufacturing company allows its employees to select the benefits that they would like to attain from a list of options established by the company. What are such benefit plans called? What are the advantages and disadvantages of using such benefit plans?

The federal government mandates a minimum of two weeks severance pay for older employees who are asked to retire early.

Glen, a line manager, is informed that his company would be introducing a stock purchase plan for employees. This implies that:

Which of the following is true about the Older Workers Benefit Protection Act (OWBPA) ?

What are the advantages of using paid paid-time-off (PTO) plans?

A situation in which only higher-risk employees choose and use certain benefits under a flexible benefits plan provided by employers is referred to as _____.

How do employee benefits provide competitive advantage to employers?

Employees find 401(k) plans unattractive because these plans require employees to pay higher income taxes during working years.

Long-term disability insurance provides continuing income protection for employees who become disabled and are unable to work.

In developed countries, _____ are far more likely to provide compulsory health plans for people, regardless of employment status.

What is workers' compensation? Explain.

What are the legal regulations regarding early retirement in U.S. companies?

Research has shown that absenteeism because of illness is lower when employees are not paid for sick time.

Which of the following statements is true of the Family and Medical Leave Act?