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During a meeting to discuss ways to cut costs on benefits packages, the vice president of the company, Ian, suggests getting long-term disability insurance for all employees. Patty, the HR manager, disagrees with him, stating that short-term disability coverage is more advantageous for the company. Which of the following supports Patty's statement?


A) Short-term disability coverage is offered by few employers, which leads to a competitive advantage.
B) Long-term disability coverage does not have any limits on the amount to be paid each month to employees.
C) Short-term disability plans limit maximum coverage in a month, which makes them more affordable for the company.
D) The nature of work is such that the level of risk involved is high and injuries could be permanent.
E) The majority of the workforce is middle-aged and prefers long-term coverage.

F) A) and E)
G) B) and D)

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Evan is the human resource manager of a one-year-old technology company. The founder wants him to set up a retirement plan. Evan thinks the best approach during the company's early years would be a defined-contribution plan funded with profit-sharing dollars. Which statement best supports Evan's idea?


A) The plan makes employees part-owners of the company.
B) The Pension Benefit Guarantee Corporation will guarantee a basic benefit.
C) Employees can buy an annuity with the contributions when they retire.
D) The amount employees contribute is not taxed when they contribute it.
E) Contributing a share of profits gives the company more flexibility as it establishes itself.

F) C) and E)
G) A) and D)

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E

Erika is a marketing manager at a local equipment manufacturer. She knows that saving for college for her 5-year-old twin boys is a challenge. Her employer recently implemented a college tuition plan that lets parents and other family members defer taxes on their contributions to the plan. What is the type of plan being implemented?


A) 529 savings plan
B) 401(k) savings plan
C) 207 college tuition plan
D) U.S. saving bonds plan
E) TD Ameritrade college tuition plan

F) A) and E)
G) C) and E)

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What is a similarity between unemployment insurance benefits and workers' compensation benefits?


A) Both of the programs are funded by the federal taxes on employees.
B) Both of the programs' costs depend on the organization's experience ratings.
C) Both of the programs have the same funding costs across the states.
D) Both of the programs replace the same percentage of an individual's previous earnings.
E) Both of the programs provide the same amount of compensation to the employees.

F) None of the above
G) A) and E)

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What is true of a cash balance plan?


A) All contributions to the plan come from the employee.
B) The money earns interest at a predetermined rate, such as the rate paid on U.S. Treasury bills.
C) Older employees with many years of service benefit to a greater degree than do younger workers just starting their careers.
D) It penalizes employees for changing jobs.
E) Employees cannot predict retirement benefits under cash balance plans.

F) B) and E)
G) D) and E)

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What does a summary plan description describe?


A) the details of a company's health insurance coverage
B) a pension plan's funding, eligibility requirements, and risks
C) the amount of Social Security benefits employees are allotted
D) the type and duration of disability insurance
E) a set of communications, activities, and facilities designed to change health-related behaviors to reduce health risks

F) All of the above
G) A) and B)

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


A) Only 13 percent of workers currently have paid family leave.
B) Most industrialized nations don't 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) C) and D)
G) B) and E)

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E

Connor, the manager of a shipping company, introduces a set of communications, activities, and facilities designed to change health-related behaviors in ways that reduce health risks and subsequent medical costs. The program aims at specific health risks, such as high blood pressure, high cholesterol levels, smoking, and obesity. Based on these offerings, Connor has introduced a(n)


A) employee wellness program.
B) health maintenance organization plan.
C) preferred provider program.
D) managed care program.
E) consumer-driven health program.

F) C) and E)
G) A) and E)

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What are sick leave programs?

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Sick leave programs pay employees for da...

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What are vesting rights?


A) the ability of retired employees to retain their seniority if they return to work at their former employer
B) a government commitment to provide retirement benefits to all U.S. workers
C) the designation that retired workers will receive cost-of-living increases as part of their monthly pension checks
D) the guarantee that employees in a pension plan will receive a pension at retirement age, regardless of whether they stay with the employer
E) the ability of younger workers to move their retirement savings to another account after leaving a specific employer

F) A) and E)
G) A) and D)

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Which action helps organizations reduce the cost of health care benefits offered to employees?


A) increasing the amount employers pay for deductibles and coinsurance
B) selecting traditional health insurance over HMOs and PPOs as a preferred option
C) expanding the coverage for different types of claims
D) paying some or all of the difference in cost between an HMO or PPO plan
E) shifting from traditional health insurance plans to PPOs and CDHPs

F) A) and D)
G) A) and C)

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E

Jerry loses his job during a layoff at his company. He's worried about not having access to his health insurance benefits anymore. However, his company is required to offer him the same health insurance coverage for up to 36 months following the layoff. Which federal law applies in this scenario?


A) Social Security Act
B) Employee Retirement Income Security Act
C) Family and Medical Leave Act
D) Consolidated Omnibus Budget Reconciliation Act
E) Affordable Care Act

F) All of the above
G) A) and E)

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What is true of employee benefits?


A) Employees have a thorough understanding of what benefits they have and what the market value of these benefits is.
B) Employees have a hard time understanding the cost and value of their benefits.
C) It is up to employees to determine the cost and value of their benefits.
D) Employees, for the most part, are just not interested in their benefits.
E) Employers have very limited options for communicating information about benefits.

F) None of the above
G) A) and E)

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What are family-friendly benefits? Explain the common types of family-friendly benefits.

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As employers have recognized the signifi...

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On average, out of every dollar spent by a company on employee compensation, more than ________ cents goes to employee benefits.


A) 75
B) 30
C) 50
D) 15
E) 20

F) B) and D)
G) A) and E)

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Sick leave programs


A) must be provided by all employers according to the law.
B) are based solely on the age of employees.
C) pay employees for days not worked due to illness.
D) are mandatory forms of unpaid leave.
E) are forms of floating holidays.

F) B) and E)
G) A) and C)

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Edgar, 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 statement best summarizes what the HR professional should explain to the supervisor?


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) Edgar 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 C)
G) A) and B)

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What is true of child care benefits?


A) At the highest level of involvement, organizations provide vouchers or discounts for employees to use at existing child care facilities.
B) Companies that provide child care facilities face liability concerns.
C) Provision of child care is mandatory under the Family and Medical Leave Act.
D) Child care benefits should be limited to provision of leaves to employees.
E) Child care benefits must include death benefits for it to be considered as a qualified plan.

F) C) and E)
G) B) and C)

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Dino Corp. is a start-up located in Orlando. It offers highly beneficial pension plans to its employees. Which category of employees is the company most likely to attract through its pension benefits?


A) women of childbearing age
B) disabled workers
C) older people
D) young people
E) unmarried people

F) A) and D)
G) B) and C)

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An organization employs Roger, a bilateral amputee, to work as a research analyst. When Lauren, the organization's chief advisor, becomes aware of this, she argues that the organization is going to experience legal challenges. According to the Americans with Disabilities Act, which statement will strengthen Lauren's argument?


A) The organization has a risk-based insurance in place before recruiting Roger.
B) The organization plans to stop Roger's benefits when he reaches the age of 50.
C) The organization switched to a risk-based policy after hiring Roger.
D) The organization gave Roger access to the same health insurance that is provided to the other employees.
E) The organization does not have a risk-based insurance.

F) D) and E)
G) C) and E)

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