FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 1: Introducing Employee Benefits

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 31

True/False

Review LaterAdd Note

Review Later

Employers are free to offer discretionary benefits but specific laws influence the application of these practices.(Legal and Regulatory Influences on Discretionary Benefits Practices)

A) True
B) False

Correct Answer

verified

Show Answer

Question 32

Multiple Choice

Review LaterAdd Note

Review Later

Which of the following is an internal environment factor used for strategic benefits planning? (External Environment)

A) Government regulation of employee benefits
B) Employer costs for compensation and benefits
C) Changing demographics of the labor force
D) Workforce demographics

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

Correct Answer

verified

Show Answer

Question 33

Multiple Choice

Review LaterAdd Note

Profit sharing payments are examples of which type of core compensation package? (Adjustments to Core Compensation)

Defined benefits plans,defined contribution plans and hybrid plans are types of health carefunding plans.(Discretionary Benefits)

The Social Security Act was enacted due to the effects of WWII.(The Social Security Act of 1935)

Which of the following is not a fundamental employee goal? (Legal and Regulatory Influences on Discretionary Benefits Practices)

Flexible benefits plans enable employees to choose from among a set of benefits and different levels of these benefits.(Basic Design Considerations for Discretionary Benefits)

In financing discretionary benefits,employers always pay the total cost incurred.(Basic Design Considerations for Discretionary Benefits)

Competitive strategy refers to the series of judgments,made under uncertainty,that companies direct toward making strategic decisions.(Basic Strategic Planning Concepts)

Under the Patient Protection and Affordable Care Act,dental care is included under the required health care offered to employees.(The Patient Protection and Affordable Care Act of 2010)

What are the four main classes of health insurance programs that employers have to choose from to offer its' employees? (The Patient Protection and Affordable Care Act of 2010)

Protection programs most closely parallels legally required benefits.(Discretionary Benefits)

The Family and Medical Leave Act (FMLA) permits employees which of the following? (The Family and Medical Leave Act of 1993)

Employees are most likely to endorse benefits that fulfill their needs.(Changing Demographics of the Labor Force)

Incentive-pay is a permanent increase of compensation based on individual goal achievement.(Adjustments to Core Compensation)

Core compensation programs reward employees according to their job performance levels or for acquiring job-related knowledge or skills.(Employee Benefits in the Total Compensation Scheme)

Benefits professionals craft benefits strategies based on information contained in strategic benefit plans.(Basic Strategic Planning Concepts)

Information for strategic benefits planning comes from these two environments.(Information Used in Strategic Benefit Planning)

Discretionary benefits can be categorized into programs that (Discretionary Benefits)

The planned use of company resources to promote and sustain competitive advantage is referred to as competitive strategy.(Basic Strategic Planning Concepts)