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Homework answers / question archive / Michigan State University HB 307 Chapter 13 Quiz MULTIPLE CHOICE QUESTIONS 1)The indirect financial and nonfinancial payments employees receive for continuing their employment with a company are called                                                                    Remuneration Benefits Salary Compensation   Keith works as front desk supervisor, and he is viewed as a reliable, competent employee

Michigan State University HB 307 Chapter 13 Quiz MULTIPLE CHOICE QUESTIONS 1)The indirect financial and nonfinancial payments employees receive for continuing their employment with a company are called                                                                    Remuneration Benefits Salary Compensation   Keith works as front desk supervisor, and he is viewed as a reliable, competent employee

Business

Michigan State University

HB 307

Chapter 13 Quiz

MULTIPLE CHOICE QUESTIONS

1)The indirect financial and nonfinancial payments employees receive for continuing their employment with a company are called                                                                   

  1. Remuneration
  2. Benefits
  3. Salary
  4. Compensation

 

  1. Keith works as front desk supervisor, and he is viewed as a reliable, competent employee. Keith was recently injured in a car accident while on vacation, and his injuries are so severe that he will not be able to return to work. Which of the following would most likely provide Keith with benefits?
  1. Unemployment insurance
  2. Workers’ compensation insurance
  3. Group life insurance
  4. Supplemental unemployment benefits

 

  1. All of the following are true statements regarding the application of the Family and Medical Leave Act EXCEPT                                        
  1. Eligible employees must have worked for the employer for at least one year
  2. Up to 12 weeks must be granted in a 12-month period
  3. Employees must be employed at job sites with at least 50 employees
  4. Employers must receive advance notice and medical certification from the employee

 

  1. To be eligible for leave under the Family and Medical Leave Act, an employee must have worked hours during the past twelve consecutive months.

a. 1,600

b. 850

 

c.   1,000

d. 1,250

 

  1. Which of the following is NOT an employer cost associated with granting leave to employees under the Family and Medical Leave Act?
  1. Paying employee for time not worked
  2. Recruiting replacement workers
  3. Compensating for lower productivity of new workers
  4. Paying temporary workers

 

  1. Who contributes funds for workers’ compensation benefits?
  1. State governments
  2. Insurance providers
  3. Employers
  4. Federal government

 

  1. Which of the following conditions must be meet for an injured employee to earn workers’ compensation from the employer?
  1. The employee suffered the injury through no fault of his or her own
  2. The employee received adequate job training to understand the position’s requirements
  3. The employee was injured while on the job
  4. The employee worked full-time for the employer for a minimum of 12 months

 

  1. The primary difference between health insurance organizations and preferred provider organizations is that                                         
  1. HMOs are more flexible than PPOs
  2. PPOs are less costly than HMOs
  3. HMOs offer mental health services while PPOs do not
  4. PPOs allow patients to choose from a list of doctors without referrals

 

  1. The Consolidated Omnibus Budget Reconciliation Act                        
  1. Set minimum requirements for protecting individuals’ health-care data accessibility and confidentiality
  2. Requires that most private employers continue to make health benefits available to

terminated or retired employees and their families for a period of time

  1. Limits the ability of health plans to set annual or lifetime maximums on mental and nervous disorder benefits
  2. Prohibits an employer’s health plan from using incentives to encourage employees to leave the

hospital after childbirth after less than the legislatively-determined minimum stay

 

  1. Which of the following represents the largest proportion of all reported disabilities?
  1. Cardiovascular diseases
  2. Mental illness
  3. Cancer
  4. Respiratory diseases

 

  1. Which of the following sets minimum mental health care benefits?

 

  1. Mental Health Parity Act
  2. Civil Rights Act
  3. Americans with Disabilities Act
  4. Employee Mental Health Act

 

  1. Which of the following requires employers to treat women affected by pregnancy, childbirth, or related medical conditions the same as any employee not able to work, with respect to all benefits?
  1. Family and Medical Leave Act
  2. Health Insurance Portability and Accountability Act
  3. Pregnancy Discrimination Act
  4. Comprehensive Omnibus Budget Reconciliation Act

 

  1. Which of the following best describes the purpose of the Newborn Mother’s Protection Act?
  1. Prohibit employer health plans from using incentives to encourage employees to leave the hospital after childbirth sooner than legally required
  2. Prevent employers from discriminating against women affected by pregnancy or childbirth in

respect to benefits coverage

  1. Guarantee pension plans and health insurance coverage for female employees who have recently given birth
  2. Set minimum requirements for accessing the health records of female employees

 

  1. For individuals born in 1960 or later, the full retirement age for non-discounted Social Security benefits is                              
  1. 65
  2. 63
  3. 70
  4. 67

 

  1. Social Security offers all of the following EXCEPT                               
  1. Tax refunds for retirees who are 55 and older
  2. Medicare program administration
  3. Disability payments to employees who become totally disabled
  4. Survivor's benefits for those insured under the Social Security Act

 

  1. How is the Social Security program funded?
  1. Tax on employee wages
  2. Tax on homeowners
  3. Tax on luxury goods
  4. Sale of government bonds

 

  1. Malcolm is interviewing for a new job and he is evaluating the quality of the pension plans offered for each company he is considering. One company offers a pension plan in which the company will make all contributions to the plan and will base his pension benefit on a formula linked to his pay at the time of retirement and the number of years he was with the firm. This pension plan is most likely classified as     
  1. Non-contributory, defined benefit

 

  1. Contributory, defined benefit
  2. Non-contributory, defined contribution
  3. Qualified, defined benefit

 

  1. All of the following are characteristic of 401(k) plans EXCEPT                              
  1. Deduction replaces Social Security tax
  2. Considered a savings and thrift plan
  3. Categorized as a defined contribution plan
  4. Pre-tax salary deductions investe

 

  1.      provide services like financial counseling, child care referrals, elder care referrals, adoption assistance, mental health counseling, and life event planning.
  1. Benefit management systems
  2. Family-friendly benefits
  3. Employee assistance programs
  4. Pension plans

 

  1. Which term refers to individualized plans allowed by employers to accommodate employee preferences for benefits?
  1. Matching plan
  2. Variable pay plan
  3. Cafeteria benefit plan
  4. Executive perquisite plan

 

  1. Stephanie has opted to work from 7am to 3pm so that she can be home when her son finished school in the afternoons. Her company must offer for Stephanie to have this option.
  1. Telecommuting
  2. Shift work
  3. Compressed workweeks
  4. Flextime

 

  1. Which ofthe following is an example of a compressed workweek?
  1. Bob works from 12pm to 6pm Monday - Sunday
  2. Tom works from 11am to 7pm five days per week
  3. Maxwell works from 7am to 3pm Monday - Friday
  4. Shannon works from 7am to 5pm Monday - Thursday

 

  1. Benefits are an important aspect of employee compensation, and they involve the direct financial payments employees receive for remaining with an employer

 

  1. Health care costs have dropped significantly in recent years due to government intervention and the increased use of HMOs

 

  1. Employee benefits account for about one-third of wages and salaries

 

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