Question 1

All U.S.employees,including federal,state,and local government employees,are covered under the Old Age,Survivors,Disability,and Health Insurance program.

Accepted Answer

A) True 
 B)False

Question 2

What are the objectives of the unemployment insurance program established by the Social Security Act of 1935? How is this program funded?

Accepted Answer

The unemployment insurance program was e...

Question 3

Sarah's employer provides her with an insurance plan that requires her to obtain approval before being admitted to the hospital for surgical procedures.Which type of health care plan is her company using?

Accepted Answer

A)   Managed care
B)   Health maintenance organization
C)   Preferred provider organization
D)   Flexible spending account
E)   Consumer-driven health planF) C) and D)
G) B) and E)

Question 4

Tuition reimbursement programs offered by certain organizations cover the tuition and other education related expenses of their workers' children.

Accepted Answer

A) True 
 B)False

Question 5

In a meeting to discuss pension plans,management decides to offer retirement plans exclusively to the organization's owners and top managers.Steven,one of the top managers,disagrees with this decision because he believes the company can benefit more by providing pensions to a broad range of employees.Which of the following strengthens Steven's belief?

Accepted Answer

A)   Nondiscrimination rules provide tax benefits to plans that do not favor the organization's highly compensated employees.
B)   The Internal Revenue Service provides more favorable tax treatment of benefits when they are offered to a broad range of employees.
C)   A top-heavy plan requires faster vesting for non-key employees.
D)   Extending pension plans to employees at all levels will increase triple the costs.
E)   Pension plans are determined exclusively by state and federal laws.F) None of the above
G) C) and D)

Question 6

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 7

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

Accepted Answer

A) True 
 B)False

Question 8

Under the Family and Medical Leave Act,which of the following criteria makes employees eligible to take unpaid family leave?

Accepted Answer

A)   They should be working for an organization with 50 or more employees within a 75-mile radius.
B)   They should have worked at least 15 hours per week.
C)   They should have worked for the employer for more than 5 years.
D)   They should belong to the top 10 percent of highest paid executives.
E)   They should be working for an organization with at least 100 employees.F) A) and C)
G) A) and E)

Question 9

Floating holidays are standardized on an annual basis in the United States.

Accepted Answer

A) True 
 B)False

Question 10

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

Question 11

Which of the following is an advantage of a qualified plan in retirement benefits?

Accepted Answer

A)   Immediate tax deductions for the funds employees contribute to the plan
B)   Taxable earnings on the money in the retirement fund
C)   Tax-free withdrawals for highly compensated employees
D)   Exemption of contribution from employees
E)   A retirement plan that provides benefits exclusively to its owners and top managersF) D) and E)
G) B) and D)

Question 12

Which of the following federal laws increased the responsibility of pension plan trustees to protect retirees?

Accepted Answer

A)   The Consolidated Omnibus Budget Reconciliation Act (COBR
A)  
B)   The Age Discrimination in Employment Act (ADE
A)  
C)   The American Disabilities Act (AD
A)  
D)   The Fair Labor Standards Act (FLS
A)  
E)   The Employee Retirement Income Security Act (ERIS
A)  F) B) and E)
G) All of the above

Question 13

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.
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 changes.F) A) and C)
G) C) and E)

Question 14

_____ strictly limits the definition of "independent contractors," so that employers cannot avoid legal obligations by classifying workers as self-employed when the organization receives the benefits of a permanent employee.

Accepted Answer

A)   The Internal Revenue Service
B)   The Consolidated Omnibus Budget Reconciliation Act (COBR
A)  
C)   The Employee Retirement Income Security Act (ERIS
A)  
D)   Employee Benefit Research Institute
E)   The Bureau of Labor StatisticsF) A) and B)
G) A) and E)

Question 15

Ray Inc.,a shoe manufacturer in Virginia,opens a new facility in Texas.Shelly,the operations manager,prefers to give the new employees better wages than benefit packages.Tanya,the HR manager,disagrees with her.Which of the following,if true,will strengthen Tanya's argument?

Accepted Answer

A)   The income tax rate is higher in Texas than it is in Virginia.
B)   Benefits are more complex to understand by employees than pay structures.
C)   Benefits give lesser control over the advantages they receive from them than wages.
D)   Higher cash compensation gives employees more purchasing power in Texas.
E)   Different employees look for different types of benefits, which makes HR's tasks complicated.F) A) and B)
G) A) and C)

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

What is the importance of benefits as a part of employee compensation?

Accepted Answer

Benefits contribute to attracting,retain...

Question 18

Discuss the Family and Medical Leave Act (FMLA)of 1993,including its eligibility requirements,scope of coverage,and effectiveness.

Accepted Answer

The Family and Medical Leave Act (FMLA)o...

Question 19

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

Accepted Answer

Employers have many options for communic...

Question 20

Employees and job applicants often have a poor idea of what benefits they have and what the market value of their benefits is.

Accepted Answer

A) True 
 B)False

Exam 14: Providing Employee Benefits

Sarah's employer provides her with an insurance plan that requires her to obtain approval before being admitted to the hospital for surgical procedures.Which type of health care plan is her company using?

Correct Answer
verified

Which of the following federal laws increased the responsibility of pension plan trustees to protect retirees?

Correct Answer
verified

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

Correct Answer
verified

_____ strictly limits the definition of "independent contractors," so that employers cannot avoid legal obligations by classifying workers as self-employed when the organization receives the benefits of a permanent employee.

Correct Answer
verified

Which of the following is an advantage of a qualified plan in retirement benefits?

Correct Answer
verified

What is the importance of benefits as a part of employee compensation?

Correct Answer
verified
Benefits contribute to attracting,retain...
View 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 Answer
verified

Employees and job applicants often have a poor idea of what benefits they have and what the market value of their benefits is.

Correct Answer
verified

All U.S.employees,including federal,state,and local government employees,are covered under the Old Age,Survivors,Disability,and Health Insurance program.

Correct Answer
verified

Ray Inc.,a shoe manufacturer in Virginia,opens a new facility in Texas.Shelly,the operations manager,prefers to give the new employees better wages than benefit packages.Tanya,the HR manager,disagrees with her.Which of the following,if true,will strengthen Tanya's argument?

Correct Answer
verified

What are the objectives of the unemployment insurance program established by the Social Security Act of 1935? How is this program funded?

Correct Answer
verified
The unemployment insurance program was e...
View Answer

Tuition reimbursement programs offered by certain organizations cover the tuition and other education related expenses of their workers' children.

Correct Answer
verified

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

Correct Answer
verified
Employers have many options for communic...
View Answer

Discuss the Family and Medical Leave Act (FMLA)of 1993,including its eligibility requirements,scope of coverage,and effectiveness.

Correct Answer
verified
The Family and Medical Leave Act (FMLA)o...
View Answer

Floating holidays are standardized on an annual basis in the United States.

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified

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

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

Under the Family and Medical Leave Act,which of the following criteria makes employees eligible to take unpaid family leave?

Correct Answer
verified

Exam 14: Providing Employee Benefits

Sarah's employer provides her with an insurance plan that requires her to obtain approval before being admitted to the hospital for surgical procedures.Which type of health care plan is her company using?

Correct AnswerverifiedShow Answer

Which of the following federal laws increased the responsibility of pension plan trustees to protect retirees?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

_____ strictly limits the definition of "independent contractors," so that employers cannot avoid legal obligations by classifying workers as self-employed when the organization receives the benefits of a permanent employee.

Correct AnswerverifiedShow Answer

Which of the following is an advantage of a qualified plan in retirement benefits?

Correct AnswerverifiedShow Answer

What is the importance of benefits as a part of employee compensation?

Correct AnswerverifiedBenefits contribute to attracting,retain...View AnswerShow 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

Employees and job applicants often have a poor idea of what benefits they have and what the market value of their benefits is.

Correct AnswerverifiedShow Answer

All U.S.employees,including federal,state,and local government employees,are covered under the Old Age,Survivors,Disability,and Health Insurance program.

Correct AnswerverifiedShow Answer

Ray Inc.,a shoe manufacturer in Virginia,opens a new facility in Texas.Shelly,the operations manager,prefers to give the new employees better wages than benefit packages.Tanya,the HR manager,disagrees with her.Which of the following,if true,will strengthen Tanya's argument?

Correct AnswerverifiedShow Answer

What are the objectives of the unemployment insurance program established by the Social Security Act of 1935? How is this program funded?

Correct AnswerverifiedThe unemployment insurance program was e...View AnswerShow Answer

Tuition reimbursement programs offered by certain organizations cover the tuition and other education related expenses of their workers' children.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedEmployers have many options for communic...View AnswerShow Answer

Discuss the Family and Medical Leave Act (FMLA)of 1993,including its eligibility requirements,scope of coverage,and effectiveness.

Correct AnswerverifiedThe Family and Medical Leave Act (FMLA)o...View AnswerShow Answer

Floating holidays are standardized on an annual basis in the United States.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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

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

Under the Family and Medical Leave Act,which of the following criteria makes employees eligible to take unpaid family leave?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Benefits contribute to attracting,retain...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The unemployment insurance program was e...
View Answer

Correct Answer
verified

Correct Answer
verified
Employers have many options for communic...
View Answer

Correct Answer
verified
The Family and Medical Leave Act (FMLA)o...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified