Question 1

Employees are most likely to benefit from a flexible spending account if they have predictable health care expenses,such as insurance premiums.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is legally required by an organization while offering early-retirement incentives?

Accepted Answer

A)   setting an age at which retirement benefits stop growing
B)   asking female employees to pay more to defined-benefit plans
C)   ensuring there is no coercion used to force employees to retire
D)   asking employees to sign compulsory waiver under ERISA
E)   providing employees no more than 48 hours to make an early retirement decisionF) D) and E)
G) C) and D)

Question 3

Contrary to Western European countries,the United States has no legal requirements regarding employee _______.

Accepted Answer

A)   paid vacation time
B)   Social Security benefits
C)   unemployment insurance
D)   pension plans
E)   401k contributionsF) A) and B)
G) B) and C)

Question 4

Nina works at Gia Inc. ,which provides her with a health care plan that contracts with health care professionals to provide services at a reduced fee.Which type of health care plan is Gia providing to its employees?

Accepted Answer

A)   flexible spending account
B)   preferred provider organization
C)   health maintenance organization
D)   consumer-driven health plan
E)   managed care planF) A) and C)
G) C) and D)

Question 5

John is the owner of the restaurant,The Round.He decides to increase employee motivation by introducing benefit packages.However,Nina,the manager,suggests that employees will be more motivated if John increases their actual wages.Which of the following statements,if true,strengthens Nina's argument?

Accepted Answer

A)   John's competitor,Mark,gives many benefits to his employees.
B)   The state has introduced mandatory requirements for employee benefits.
C)   Benefit packages are more difficult to understand by employees than pay structures.
D)   Most of the employees at The Round belong to the age group that looks forward to pensions.
E)   Employees do not prefer cash compensation due to higher tax rates in the state.F) A) and C)
G) B) and E)

Question 6

Stan,the CEO of a company,considers dropping medical insurance from the list of benefits provided to employees.Alisha,the operations director,disagrees with Stan by stating that medical insurance is a high-value benefit.Which of the following supports Alisha's statement?

Accepted Answer

A)   Companies that do not provide medical insurance cannot have their retirement plans considered as qualified plans.
B)   Most employees do not appreciate what health insurance costs the employer.
C)   Medical insurance plans do not cover mental illness.
D)   A health insurance rate is higher than a general insurance rate.
E)   Employees usually realize that surgery or a major illness can be financially devastating.F) A) and B)
G) A) and C)

Question 7

Which of the following organizations benefits when switching from a defined-benefit plan to cash balance plans?

Accepted Answer

A)   organizations with many experienced employees
B)   organizations with a few skilled employees
C)   organizations with many young employees
D)   organizations with many retired employees
E)   organizations with highly skilled,young employeesF) A) and B)
G) C) and E)

Question 8

Noah,a human resource manager,learns from employee surveys and conversations that many employees are struggling with the needs of aging parents.He decides to investigate offering elder care benefits.What could these benefits include?

Accepted Answer

A)   a 529 savings plan to save money for long-term care facilities
B)   providing professional caregivers and nursing care
C)   vacation days and sick leave
D)   paid time off and part-time jobs for the parents
E)   flexible hours and decision support from experts in geriatric careF) B) and D)
G) B) and C)

Question 9

Which of the following is characteristic of benefits required by the Social Security Act?

Accepted Answer

A)   Workers receive no benefits until they reach the full retirement age.
B)   Workers are compensated according to their past earnings and retirement age.
C)   Workers receive increased benefits when they earn more than the exempt amount.
D)   The cost of the program is borne entirely by the employers,who pay a payroll tax.
E)   The program benefits persons who are financially dependent on current workers.F) B) and E)
G) B) and C)

Question 10

FastForward Technology depends heavily on a workforce of software engineers,systems analysts,and coders.Which statement best explains why FastForward would offer its employees paid maternity and paternity leave?

Accepted Answer

A)   Only 13% of workers currently have paid family leave.
B)   Most industrialized nations provide this type of employee benefit.
C)   Management doesn't want exhausted workers in the office.
D)   These benefits are required by the Family and Medical Leave Act.
E)   It makes the company more attractive to workers who are in high demand.F) B) and D)
G) All of the above

Question 11

Kelsey,the engineering manager at Tek Solutions,takes an eight-week unpaid leave to go on a tour to promote a book she wrote.She does so in accordance with Tek Solutions' policy for leaves without pay.In what sense could this unpaid leave be an employee benefit for Kelsey?

Accepted Answer

A)   her leave is based on length of service,so it accumulates over time
B)   her time off is an example of personal days
C)   the Family and Medical Leave Act requires the employer to grant unpaid time off
D)   she uses her paid time off for the leave
E)   she retains her seniority and benefits during the leaveF) A) and B)
G) A) and C)

Question 12

Discuss the role of the Age Discrimination in Employment Act (ADEA)in employee benefits packages.

Accepted Answer

Two major issues have received attention...

Question 13

Under a 401(k) plan,the _____ is responsible for choosing specific investments.

Accepted Answer

A)   employee
B)   PGBC
C)   ERISA fiduciary advisor
D)   financial institution handling the account
E)   employerF) C) and D)
G) A) and B)

Question 14

A _____ pension plan allows pension benefits for key employees,such as highly paid managers,to exceed a government-specified share of total pension benefits.

Accepted Answer

A)   top-heavy
B)   multiemployer
C)   special draw rights
D)   deferred
E)   defined-contributionF) A) and D)
G) A) and B)

Question 15

The Family and Medical Leave Act of 1993 requires organizations with 50 or more employees within a 75-mile radius to provide as much as 12 weeks of unpaid leave to qualifying employees.

Accepted Answer

A) True 
 B)False

Question 16

Laura,HR manager at a tech company,is responsible for administering the company benefits program.The employee benefits package will undergo several significant changes at the start of the new year.Which of the following would be an effective strategy to share the changes with employees?

Accepted Answer

A)   issue a revised employee handbook to new employees
B)   mention the changes to a few employees and hope they spread the word
C)   say little about the changes
D)   ask the CEO to say a few words about the changes at the company holiday party
E)   set up Q&A sessions with each department to discuss the changesF) A) and C)
G) C) and D)

Question 17

How do cafeteria-style plans increase costs for employers?

Accepted Answer

A)   Employers pay much higher premiums for an HMO than a preferred health care plan.
B)   Employers are required to pay higher insurance premiums for laid-off workers.
C)   Contributions to PGBC to fund the retirement plan increases under this plan.
D)   Employees select the kind of benefits they expect to need the most.
E)   Employers bear the cost of providing employees with benefits they do not value.F) A) and B)
G) All of the above

Question 18

In the U.S. ,the amount of sick leave given to employees is often based on _____.

Accepted Answer

A)   length of service
B)   position within the company
C)   age
D)   educational background
E)   prior job experienceF) B) and E)
G) A) and E)

Question 19

Mario,a production worker,complains to a human resource professional at his company that when he asked his supervisor for a week off to care for his son after surgery,the supervisor replied,"Can't your wife do that instead?" Which of the following statements best summarizes what the HR professional should explain to the supervisor?

Accepted Answer

A)   Benefits apply whether a spouse is of the same or the opposite sex.
B)   Females may not be required to contribute more than men to defined-benefit plans.
C)   Fatherhood is a protected category in the antidiscrimination laws.
D)   Mario has not yet used all of his sick leave.
E)   Equal employment opportunity requires that access to benefits not be limited by sex.F) B) and E)
G) A) and B)

Question 20

Under the Americans with Disabilities Act,which of the following employers is most likely to face legal challenges?

Accepted Answer

A)   an employer who switches to a risk-based policy after hiring a disabled employee
B)   an employer who sets guidelines for using waivers
C)   an employer who discriminates against workers over age 40 in providing pay or benefits
D)   an employer who has risk-based insurance and then hires an employee with a disability
E)   an employer who does not have risk-based insuranceF) B) and E)
G) C) and E)

Exam 14: Providing Employee Benefits

Correct Answer
verified

Which of the following is characteristic of benefits required by the Social Security Act?

Correct Answer
verified

The Family and Medical Leave Act of 1993 requires organizations with 50 or more employees within a 75-mile radius to provide as much as 12 weeks of unpaid leave to qualifying employees.

Correct Answer
verified

Noah,a human resource manager,learns from employee surveys and conversations that many employees are struggling with the needs of aging parents.He decides to investigate offering elder care benefits.What could these benefits include?

Correct Answer
verified

Laura,HR manager at a tech company,is responsible for administering the company benefits program.The employee benefits package will undergo several significant changes at the start of the new year.Which of the following would be an effective strategy to share the changes with employees?

Correct Answer
verified

How do cafeteria-style plans increase costs for employers?

Correct Answer
verified

Kelsey,the engineering manager at Tek Solutions,takes an eight-week unpaid leave to go on a tour to promote a book she wrote.She does so in accordance with Tek Solutions' policy for leaves without pay.In what sense could this unpaid leave be an employee benefit for Kelsey?

Correct Answer
verified

Which of the following organizations benefits when switching from a defined-benefit plan to cash balance plans?

Correct Answer
verified

Discuss the role of the Age Discrimination in Employment Act (ADEA)in employee benefits packages.

Correct Answer
verified
Two major issues have received attention...
View Answer

In the U.S. ,the amount of sick leave given to employees is often based on _____.

Correct Answer
verified

Stan,the CEO of a company,considers dropping medical insurance from the list of benefits provided to employees.Alisha,the operations director,disagrees with Stan by stating that medical insurance is a high-value benefit.Which of the following supports Alisha's statement?

Correct Answer
verified

A _____ pension plan allows pension benefits for key employees,such as highly paid managers,to exceed a government-specified share of total pension benefits.

Correct Answer
verified

FastForward Technology depends heavily on a workforce of software engineers,systems analysts,and coders.Which statement best explains why FastForward would offer its employees paid maternity and paternity leave?

Correct Answer
verified

John is the owner of the restaurant,The Round.He decides to increase employee motivation by introducing benefit packages.However,Nina,the manager,suggests that employees will be more motivated if John increases their actual wages.Which of the following statements,if true,strengthens Nina's argument?

Correct Answer
verified

Under the Americans with Disabilities Act,which of the following employers is most likely to face legal challenges?

Correct Answer
verified

Under a 401(k) plan,the _____ is responsible for choosing specific investments.

Correct Answer
verified

Which of the following is legally required by an organization while offering early-retirement incentives?

Correct Answer
verified

Contrary to Western European countries,the United States has no legal requirements regarding employee _______.

Correct Answer
verified

Employees are most likely to benefit from a flexible spending account if they have predictable health care expenses,such as insurance premiums.

Correct Answer
verified

Nina works at Gia Inc. ,which provides her with a health care plan that contracts with health care professionals to provide services at a reduced fee.Which type of health care plan is Gia providing to its employees?

Correct Answer
verified

Exam 14: Providing Employee Benefits

Correct AnswerverifiedShow Answer

Which of the following is characteristic of benefits required by the Social Security Act?

Correct AnswerverifiedShow Answer

The Family and Medical Leave Act of 1993 requires organizations with 50 or more employees within a 75-mile radius to provide as much as 12 weeks of unpaid leave to qualifying employees.

Correct AnswerverifiedShow Answer

Noah,a human resource manager,learns from employee surveys and conversations that many employees are struggling with the needs of aging parents.He decides to investigate offering elder care benefits.What could these benefits include?

Correct AnswerverifiedShow Answer

Laura,HR manager at a tech company,is responsible for administering the company benefits program.The employee benefits package will undergo several significant changes at the start of the new year.Which of the following would be an effective strategy to share the changes with employees?

Correct AnswerverifiedShow Answer

How do cafeteria-style plans increase costs for employers?

Correct AnswerverifiedShow Answer

Kelsey,the engineering manager at Tek Solutions,takes an eight-week unpaid leave to go on a tour to promote a book she wrote.She does so in accordance with Tek Solutions' policy for leaves without pay.In what sense could this unpaid leave be an employee benefit for Kelsey?

Correct AnswerverifiedShow Answer

Which of the following organizations benefits when switching from a defined-benefit plan to cash balance plans?

Correct AnswerverifiedShow Answer

Discuss the role of the Age Discrimination in Employment Act (ADEA)in employee benefits packages.

Correct AnswerverifiedTwo major issues have received attention...View AnswerShow Answer

In the U.S. ,the amount of sick leave given to employees is often based on _____.

Correct AnswerverifiedShow Answer

Stan,the CEO of a company,considers dropping medical insurance from the list of benefits provided to employees.Alisha,the operations director,disagrees with Stan by stating that medical insurance is a high-value benefit.Which of the following supports Alisha's statement?

Correct AnswerverifiedShow Answer

A _____ pension plan allows pension benefits for key employees,such as highly paid managers,to exceed a government-specified share of total pension benefits.

Correct AnswerverifiedShow Answer

FastForward Technology depends heavily on a workforce of software engineers,systems analysts,and coders.Which statement best explains why FastForward would offer its employees paid maternity and paternity leave?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Under the Americans with Disabilities Act,which of the following employers is most likely to face legal challenges?

Correct AnswerverifiedShow Answer

Under a 401(k) plan,the _____ is responsible for choosing specific investments.

Correct AnswerverifiedShow Answer

Which of the following is legally required by an organization while offering early-retirement incentives?

Correct AnswerverifiedShow Answer

Contrary to Western European countries,the United States has no legal requirements regarding employee _______.

Correct AnswerverifiedShow Answer

Employees are most likely to benefit from a flexible spending account if they have predictable health care expenses,such as insurance premiums.

Correct AnswerverifiedShow Answer

Nina works at Gia Inc. ,which provides her with a health care plan that contracts with health care professionals to provide services at a reduced fee.Which type of health care plan is Gia providing to its employees?

Correct AnswerverifiedShow Answer

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Correct Answer
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Two major issues have received attention...
View Answer

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Correct Answer
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Correct Answer
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Correct Answer
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