Midterm Exam: HRM360.98.SP.17 EMPLOYEE BENEFITS
- Question 1
2 out of 2 points
| Which of the following is a mandatory collective bargaining subject? (Labor Unions and Employee Benefits: The National Labor Relations Act of 1935) | ||||
- Question 2
2 out of 2 points
| Workers are classified as key employees if they meet one of which three criteria? (The Internal Revenue Code) | |||||||||||
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- Question 3
2 out of 2 points
| Which legislative act made benefit and contribution limits permanent? (Qualified Plans) | |||||||||||
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- Question 4
2 out of 2 points
| Retirement benefits are generally distributed in one of these three ways. (Qualified Plans) | |||||||||||
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- Question 5
0 out of 2 points
| In 2009, which age group had the highest average total medical expenditures? (Cost Advantage) | |||||||||||
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- Question 6
2 out of 2 points
| Under the Equal Pay Act of 1963, what are skill, effort, responsibility and working conditions are referred to as? (The Equal Pay Act of 1963) | |||||||||||
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- Question 7
2 out of 2 points
| What is the 3% rule used to determine? (Defined Benefit Plans) | |||||||||||
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- Question 8
2 out of 2 points
| These types of insurance plans are set up to cover things like dental care, vision care and prescription drugs (Specialized Insurance Benefits) | |||||||||||
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- Question 9
0 out of 2 points
| What are the four main classes of health insurance programs that employers have to choose from to offer its’ employees? (Health Protection Programs) | |||||||||||
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- Question 10
2 out of 2 points
| Which is the following is NOT the reason for companies to adopt various benefits plans? (Defining and Exploring Employee Benefits) | |||||||||||
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- Question 11
2 out of 2 points
| Which of the following is not an accrual criteria? (Defined Benefit Plans) | |||||||||||
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- Question 12
2 out of 2 points
| Which one of these is not a defined contribution plan? (Types of Defined Contribution Plans) | |||||||||||
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- Question 13
2 out of 2 points
| This type of hybrid plan is based on income and years of service, uses individual accounts, passes the IRS’s cross-testing rules and the total benefits are based on the investment performance of the plan’s assets. (Target Benefit Plans) | |||||||||||
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- Question 14
2 out of 2 points
| What are the three common forms of managed care plans? (Managed Care Plans) | |||||||||||
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- Question 15
2 out of 2 points
| What are the three specific forms of prepaid group practices? (Prepaid Group Practice Model) | |||||||||||
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- Question 16
2 out of 2 points
| Which of the following is not closely associated with the nature of transactional psychological contracts? (Psychological Contracts) | |||||||||||
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- Question 17
2 out of 2 points
| Under NLRA, subjects for collective bargaining fall into one of which three categories? (Labor Unions and Employee Benefits: The National Labor Relations Act of 1935) | |||||||||||
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- Question 18
2 out of 2 points
| What is another name for a pay-for-knowledge plan? (Adjustments to Core Compensation) | |||||||||||
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- Question 19
2 out of 2 points
| Which of the following is not a fundamental employee goal? (Legal and Regulatory Influences on Discretionary Benefits Practices) | |||||||||||
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- Question 20
2 out of 2 points
| Being able to spread the administrative costs to larger groups of employees to reduce the health insurance cost per employee is referred to as what? (Cost Advantage) | |||||||||||
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- Question 21
2 out of 2 points
| This consumer-driven health care option contains contributions made by employers and the balance can be carried-over to the next year. (Consumer-Driven Health Care) | |||||||||||
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- Question 22
2 out of 2 points
| Which three are the three fundamental roles that characterize discretionary benefits? (Discretionary Benefits) | |||||||||||
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- Question 23
2 out of 2 points
| This term refers to an unfunded deferred compensation plans for a select group of highly compensated employees? (The Employee Retirement Income Security Act of 1974) | |||||||||||
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- Question 24
2 out of 2 points
| Which of the following are considered the five core compensation elements? (Adjustments to Core Compensation) | |||||||||||
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- Question 25
2 out of 2 points
| State health instructor laws address all BUT which of the following (State Regulations) | |||||||||||
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- Question 26
2 out of 2 points
| Companies can generally choose from which four programs for financing their discretionary benefits plans. (Basic Design Considerations for Discretionary Benefits) | |||||||||||
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- Question 27
2 out of 2 points
| Which of the following employee benefit might fulfill both transactional and relational expectations of employees? (Psychological Contracts) | |||||||||||
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- Question 28
2 out of 2 points
| Which is the following is NOT the element of discretionary benefits? (Discretionary Benefits) | |||||||||||
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- Question 29
2 out of 2 points
| This equal employment opportunity law prohibits illegal discrimination against protected class individuals in employment. (Title VII of the Civil Rights Act of 1964) | |||||||||||
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- Question 30
2 out of 2 points
| The FLSA of 1938, contains provisions concerning which three topics? (The Fair Labor Standards Act of 1938) | |||||||||||
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- Question 31
2 out of 2 points
| This consumer-driven health care option allows employees to contribute pre-tax wages annually to pay for qualified medical expenses, but they will lose the balance not used at year’s end. (Consumer-Driven Health Care) | |||||||||||
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- Question 32
2 out of 2 points
| In 2011, what was the average total employer compensation costs for private industry workers? (Employer Costs for Compensation and Benefits) | |||||||||||
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- Question 33
2 out of 2 points
| This law sets minimum standards for the length of hospital stays for mothers and newborns. (Maternity Care) | |||||||||||
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- Question 34
2 out of 2 points
| When the employee bears the entire costs of discretionary benefits it is referred to as which type of financing? (Basic Design Considerations for Discretionary Benefits) | |||||||||||
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- Question 35
0 out of 2 points
| Savings incentive match plans for employees (SIMPLEs) have the following characteristics (Savings Incentive Match Plans for Employees (SIMPLEs)) | |||||||||||
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- Question 36
2 out of 2 points
| These types of insurance plans provide protection against health care expenses in the form of cash benefits paid to the insured or directly to the provider after the services are rendered. (Fee-For-Service Plans) | |||||||||||
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- Question 37
2 out of 2 points
| Which of the following are characteristics of the flat benefit formula used in defined benefits plans? (Defined Benefit Plans) | |||||||||||
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- Question 38
2 out of 2 points
| Information for strategic benefits planning comes from these two environments. (Information Used in Strategic Benefit Planning) | |||||||||||
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- Question 39
2 out of 2 points
| These are the most popular approaches used by employers to offer consumer-driven health care. (Consumer-Driven Health Care) | |||||||||||
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- Question 40
2 out of 2 points
| The PBGC program recognizes these three types of benefit plan terminations (Title IV: Plan Termination Insurance) | |||||||||||
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- Question 41
0 out of 2 points
| FASB 106 does not do which of the following? (Retiree Health Care Benefits) | |||||||||||
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- Question 42
2 out of 2 points
| Prime-age workers are in what age group? (Who Pays for Benefits?) | |||||||||||
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- Question 43
2 out of 2 points
| Which of the following employee benefits is more relevant for relational psychological contracts? (Psychological Contracts) | |||||||||||
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- Question 44
2 out of 2 points
| According to NLRA, which of the following is NOT the subject for mandatory bargaining? (Labor Unions and Employee Benefits: The National Labor Relations Act of 1935) | |||||||||||
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- Question 45
0 out of 2 points
| What is coinsurance? (Features of Fee-For-Service Plans) | |||||||||||
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- Question 46
2 out of 2 points
| This type of group insurance plan offers health insurance and other benefits to the employees of two or more unaffiliated employers, except for any arrangements established by a collective bargaining agreement. (Exhibit 5.2, Types of Group Plans) | |||||||||||
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- Question 47
2 out of 2 points
| The federal government funds the Social Security Old-Age, Survivor and Disability Insurance Program using which tax? (The Internal Revenue Code) | |||||||||||
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- Question 48
2 out of 2 points
| A person with this title manages employee benefits plans and pension plan funds to ensure the welfare of participants and beneficiaries while defraying reasonable plan expenses. (Title I: Protection of Employee Rights) | |||||||||||
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- Question 49
2 out of 2 points
| Which ERISA Title contains terms for pension insurance programs and includes the establishment of the Pension Benefit Guarantee Corporation? (Title IV: Plan Termination Insurance) | |||||||||||
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- Question 50
2 out of 2 points
| Which of the following is not true for medical reimbursement plans? (Prescription Drug Benefits) | ||||
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