Question 1

What is workers' compensation? Explain.

Accepted Answer

Workers' compensation provides security ...

Question 2

Dennis, the HR head of a company, is trying to convince the top management of the company to approve an elder-care assistance program. Which of the following, if true, would be a strong argument in favor of the program?

Accepted Answer

A)   The program would exempt the company from other employee benefits.
B)   The program would help in employee retention.
C)   The program would be a contribution to the society.
D)   The program would reduce the number of existing lawsuits against the company.E) A) and B)
F) A) and C)

Question 3

Workers cannot be asked to make financial contributions for coverage under workers' compensation programs.

Accepted Answer

A) True 
 B)False

Question 4

Workers in the private sector are far more likely to have a defined benefit plan than workers in the public sector.

Accepted Answer

A) True 
 B)False

Question 5

_____ is the federal law that ensures the privacy of employee medical records.

Accepted Answer

A)   HIPAA
B)   ADEA
C)   ERISA
D)   FMLAE) B) and D)
F) A) and D)

Question 6

Preferred provider organizations (PPO)  and health maintenance organizations (HMO)  _____.

Accepted Answer

A)   primarily aim at reducing health care costs paid by employees by putting the burden on the employers.
B)   does not provide health care services to the private sector organizations.
C)   increase the cost borne by companies providing health care benefits.
D)   are the most common forms of managed care.E) A) and D)
F) None of the above

Question 7

Employees find 401(k) plans unattractive because these plans require employees to pay higher income taxes during working years.

Accepted Answer

A) True 
 B)False

Question 8

Long-term disability insurance_____.

Accepted Answer

A)   is a mandatory security benefit for non-governmental employers with over 50 employees
B)   typically covers those employees who are disabled, yet continue to work either full-time or part-time in the company
C)   typically pays for long term care such as nursing home, assisted living, and home health care for disabled persons
D)   typically provides continuing income protection for employees who become unable to work because they are disabledE) None of the above
F) A) and B)

Question 9

Employees are more likely to stay with employers who provide child-care and elder-care benefits.

Accepted Answer

A) True 
 B)False

Question 10

A situation in which only higher-risk employees choose and use certain benefits under a flexible benefits plan provided by employers is referred to as _____.

Accepted Answer

A)   concentration of risk
B)   perceived vulnerability
C)   adverse selection
D)   skewed distribution effectE) B) and D)
F) None of the above

Question 11

John is a part-time employee in a publishing company. Is he eligible to receive benefits?

Accepted Answer

He is eligible to receive benefits. Some...

Question 12

Defined contribution pension plans offer greater security to employees because these benefits are guaranteed by the Pension Benefit Guaranty Corporation (PBGC).

Accepted Answer

A) True 
 B)False

Question 13

Define the concepts of vesting and portability.

Accepted Answer

One such right called vesting means that...

Question 14

Long-term disability insurance provides continuing income protection for employees who become disabled and are unable to work.

Accepted Answer

A) True 
 B)False

Question 15

Which are the two important U.S. laws that govern issues related to the protection of the health of former workers?

Accepted Answer

The two most important laws passed that ...

Question 16

In developed countries, _____ are far more likely to provide compulsory health plans for people, regardless of employment status.

Accepted Answer

A)   privately owned organizations
B)   governments
C)   non-governmental organizations
D)   unionsE) A) and C)
F) B) and C)

Question 17

The Family and Medical Leave Act of 1993 requires that employers allow eligible employees to take a maximum of _____ during any 12-month period.

Accepted Answer

A)   12 weeks of paid leave
B)   24 weeks of paid leave
C)   12 weeks of unpaid leave
D)   24 weeks of unpaid leaveE) All of the above
F) A) and B)

Question 18

Why do a relatively low percentage of men take paternity leave?

Accepted Answer

A)   Men who are not single parents are not covered in the Family and Medical Leave Act.
B)   Employers can deny FMLA leave if the employee is not replaceable, and men tend to hold jobs that are more critical than women do.
C)   It is not considered socially acceptable for men to stay home for child-related reasons.
D)   Only one parent per family can take FMLA leave and they are usually taken by the mother.E) All of the above
F) A) and B)

Question 19

Which of the following statements is true of the Family and Medical Leave Act?

Accepted Answer

A)   It requires that employers allow employees to take a maximum of 12 weeks of paid leave for caring for a spouse, child, or parent with a serious health condition.
B)   It requires that employers allow employees to take a maximum of 12 weeks of unpaid, job-protected leave for foster care placement of a child.
C)   It requires that employers allow employees to take a maximum of 12 weeks of unpaid leave during the birth of a child but not for the adoption of a child.
D)   It requires that employers allow employees to take a maximum of 12 weeks of paid, job-protected leave babysitting their 5-7 year old children during their vacations.E) C) and D)
F) B) and C)

Question 20

George is unemployed and is actively searching for a job. Is there any legal provision regarding benefits that can help George?

Accepted Answer

George is eligible for receiving unemplo...

Exam 13: Managing Employee Benefits

Why do a relatively low percentage of men take paternity leave?

Correct AnswerverifiedShow Answer

A situation in which only higher-risk employees choose and use certain benefits under a flexible benefits plan provided by employers is referred to as _____.

Correct AnswerverifiedShow Answer

Long-term disability insurance_____.

Correct AnswerverifiedShow Answer

What is workers' compensation? Explain.

Correct AnswerverifiedWorkers' compensation provides security ...View AnswerShow Answer

The Family and Medical Leave Act of 1993 requires that employers allow eligible employees to take a maximum of _____ during any 12-month period.

Correct AnswerverifiedShow Answer

Long-term disability insurance provides continuing income protection for employees who become disabled and are unable to work.

Correct AnswerverifiedShow Answer

_____ is the federal law that ensures the privacy of employee medical records.

Correct AnswerverifiedShow Answer

Employees are more likely to stay with employers who provide child-care and elder-care benefits.

Correct AnswerverifiedShow Answer

John is a part-time employee in a publishing company. Is he eligible to receive benefits?

Correct AnswerverifiedHe is eligible to receive benefits. Some...View AnswerShow Answer

George is unemployed and is actively searching for a job. Is there any legal provision regarding benefits that can help George?

Correct AnswerverifiedGeorge is eligible for receiving unemplo...View AnswerShow Answer

Preferred provider organizations (PPO) and health maintenance organizations (HMO) _____.

Correct AnswerverifiedShow Answer

Define the concepts of vesting and portability.

Correct AnswerverifiedOne such right called vesting means that...View AnswerShow Answer

Which of the following statements is true of the Family and Medical Leave Act?

Correct AnswerverifiedShow Answer

Dennis, the HR head of a company, is trying to convince the top management of the company to approve an elder-care assistance program. Which of the following, if true, would be a strong argument in favor of the program?

Correct AnswerverifiedShow Answer

Workers cannot be asked to make financial contributions for coverage under workers' compensation programs.

Correct AnswerverifiedShow Answer

Workers in the private sector are far more likely to have a defined benefit plan than workers in the public sector.

Correct AnswerverifiedShow Answer

Defined contribution pension plans offer greater security to employees because these benefits are guaranteed by the Pension Benefit Guaranty Corporation (PBGC).

Correct AnswerverifiedShow Answer

Employees find 401(k) plans unattractive because these plans require employees to pay higher income taxes during working years.

Correct AnswerverifiedShow Answer

In developed countries, _____ are far more likely to provide compulsory health plans for people, regardless of employment status.

Correct AnswerverifiedShow Answer

Which are the two important U.S. laws that govern issues related to the protection of the health of former workers?

Correct AnswerverifiedThe two most important laws passed that ...View AnswerShow Answer

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Workers' compensation provides security ...
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He is eligible to receive benefits. Some...
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George is eligible for receiving unemplo...
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One such right called vesting means that...
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Correct Answer
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The two most important laws passed that ...
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