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Exam 10: Employee Benefits

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Question 31

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Defined contribution retirement plans insulate employees from investment risks,which are instead borne by the company.

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Question 32

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The major advantage of a flexible spending account is

A) that dependent care expenses are covered through the same account.
B) the increases in employees' take-home pay.
C) that unused funds are reverted back to the employee.
D) that the account covers unpredictable expenses.

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Question 33

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Which of the following is NOT one of the major categories of workers' compensation?

The highest level of child care provision is

A form of income for longer periods of absence from work due to non-work-related chronic illness or disability is known as

____________ are employer-sponsored benefit plans that often provide full salary replacement to employees for a limited period of time and which may be based on length of service.

Employers who do not meet their employees' expectations run the risk of violating an "implicit contract."

Research clearly shows that current employees,unlike job applicants,have a good idea of what benefits are in place and the cost or market value of these benefits.

Which one,if any,of the following is an "active" wellness program?

A ______________ pension plan is an employer-sponsored and registered pension plan that guarantees a specified retirement benefit level to employees based typically on a combination of years of service and age as well as on the employee's earnings level.

Canadian employees can take maternity and parental leave for up to 45 weeks.

Due to the fact that funds in the health care and dependent care accounts be earmarked in advance and spent during the plan,all remaining funds at the end of the year revert back to the

Discuss flexible spending accounts,citing their purpose,benefits,and drawbacks.

List and explain some of the factors that contributed to the tremendous growth of employee benefits,percentage of wages and salaries and of total compensations.

Benefit plans that permit employees to choose the types and amounts of benefits they want are called

Surveys indicate that pension programs are the most important benefit to the average person.

Perhaps the most important issue in benefits management is the challenge of providing quality medical benefits while

Which of the following benefits is the most likely target for cost control by employees?

Other benefits that employers may offer include all of the following EXCEPT

Benefit plans that provide income security to employees for short periods of absence from work due to non-work related illness or injury is known as