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QFV International has a goal to lower the cost of employee benefits. Its human resource department compares the costs of its benefits with averages published by the Bureau of Labor Statistics, the U.S. Chamber of Commerce, and other sources. The investigation shows that its cost for workers' compensation insurance is high relative to other companies. Which action could best help QFV International accomplish its goal?


A) accept the high cost and look for other areas in which to reduce spending
B) replace the workers' compensation insurance with disability insurance
C) shop for a better deal on workers' compensation insurance
D) cancel the workers' compensation insurance
E) improve safety to lower the company's experience rating

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

Correct Answer

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What is a true of unemployment insurance?


A) It provides payments to offset lost income during voluntary unemployment.
B) Most funding for unemployment insurance is provided by employees.
C) Unfavorable experience ratings of employers lead to higher premiums.
D) Costs for unemployment insurance are standard across the country.
E) It is a voluntary program based on number of employers in a specific state.

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

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Benefits provided to domestic partners of employees have the same tax advantages as benefits provided to their spouses.

A) True
B) False

Correct Answer

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Employers in the United States are legally required to provide 30 days of paid vacation to both new and existing employees every year.

A) True
B) False

Correct Answer

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Which action related to benefits can best give employers an advantage in the labor market?


A) teaching employees about the value of their benefits
B) limiting benefits to a few simple options
C) explaining complex benefits with sophisticated language
D) keeping messages about benefits basic and uncreative
E) simplifying messages about benefits by delivering them through one medium

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

Correct Answer

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


A) length of service.
B) position within the company.
C) age.
D) educational background.
E) prior job experience.

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

Correct Answer

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The addition of creative benefits packages for employees provides employers a competitive edge in acquiring and retaining talented employees in their organization.

A) True
B) False

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Social security benefits increase if a worker earns wages above the exempt amount.

A) True
B) False

Correct Answer

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What is characteristic of benefits required by the Social Security Act?


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 C)
G) A) and E)

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A defined-contribution plan guarantees a specified or fixed level of retirement income.

A) True
B) False

Correct Answer

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In the United States, what is the legal requirement for giving employees paid vacation?


A) Paid vacation must take place on specified days in addition to holidays.
B) Employers must give the amount of paid vacation that makes economic sense.
C) Employers must give employees 10 paid vacation days each year.
D) New employees must receive 25 or 30 days off.
E) Employers decide on paid time off; there is no minimum.

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

Correct Answer

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Tax laws generally make benefits unfavorable to employees.

A) True
B) False

Correct Answer

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


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 leave.

F) All of the above
G) C) and D)

Correct Answer

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According to the Americans with Disabilities Act (ADA), employers are required to take care not to discriminate against workers over age 40 in providing pay or benefits.

A) True
B) False

Correct Answer

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Park Production offered employees a defined-benefit retirement plan, in which retirees received benefits calculated on the basis of their age, earnings, and years of service. But the company didn't keep up with technology, and its earnings fell. When the stock market dipped, the company could no longer afford to keep paying for its retirement benefits. What protection will the retirees have in this situation?


A) Park Production must give the employees the option to sell their stock in the company.
B) The employees will receive payouts from their 401(k) plans.
C) The employees will receive a share of profits as part of the company's ESOP.
D) Because the plan was underfunded, the retirees will no longer receive benefits.
E) The Pension Benefit Guarantee Corporation will provide them with a basic benefit.

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

Correct Answer

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Justin is a human resource manager at an advertising firm. Justin proposes that the company adopt defined-benefit plans to attract and retain employees. In which situation will this benefit be most valuable to the firm's employees?


A) if all the employees are under the age of 30
B) if the nature of work demands college graduates
C) if the firm employs experienced, older people
D) if the firm employs young and creative minds
E) if the firm mainly employs freelancers

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

Correct Answer

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Health maintenance organizations charge patients half the fee for each visit and service.

A) True
B) False

Correct Answer

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Why is it essential for organizations to communicate the nature and value of benefits to their employees?

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Organizations must communicate benefits ...

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DJ is a new father. His company helps DJ by collecting information about the cost and quality of available child care. What is true of the child care benefits provided by DJ's company?


A) The child care benefits provided by the company is at the lowest level of involvement.
B) The child care benefits provided by the company is at the highest level of involvement.
C) According to the Family and Medical Leave Act, the company has not provided DJ with adequate child care benefits.
D) According to the Patient Protection and Affordable Care Act, the company has exceeded the level of involvement that is permissible.
E) The child care benefits provided by the company is a form of a dependent care assistance plan.

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

Correct Answer

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Discuss strategies the HR department might use to communicate the type and value of employee benefits.

Correct Answer

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Employers figure out how to use plan lan...

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