ch 11 383

question

66. Benefits can represent more than ______ of the employer’s total payroll costs. a. 28 percent b. 7 percent c. 12 percent d. 66 percent
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 67. Which of the following represents the greatest expense to which a dollar of the employee compensation goes to in the United States? a. Supplemental pay b. Paid leave c. Legally required benefits d. Health, life, and disability insurance
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 68. _____ enable individual employees to choose the benefits that are best suited to their particular needs. a. Employee self-service systems b. Cafeteria plans c. Employee wellness programs d. Social Security plans
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 69. Online benefits systems are often referred to as _____ and can result in significant cost savings in benefits administration. a. cafeteria plans b. value-based initiatives c. employee self-service systems d. high-deductible health insurance plans
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 70. To obtain employee input regarding benefits packages, employers often use: a. performance appraisals. b. psychological tests. c. union reports. d. opinion surveys.
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 71. The communication of employee benefits information improved significantly with the passage of the _____. a. Employee Retirement Income Security Act b. Social Security Act c. Old Age, Survivors, and Disability Insurance Act d. Consolidated Omnibus Budget Reconciliation Act
answer

a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 72. Which of the following is NOT a method that employers commonly use to communicate benefits to employees? a. Brochures b. Word-of-mouth c. Social media d. Blogs
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 73. Flexible benefit plans: a. are offered to employees who then must purchase each benefit they select. b. are favored by employers because they reduce administration costs. c. result in wasted benefits because of the number of different types available to employees. d. allow employees to choose benefits suited to their needs.
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 74. Regardless of the medium, which of the following is NOT a general pointer for designing benefits information? a. Avoid complex language when describing benefits. Clear, concise, and understandable language is a must. b. Explain the purpose behind a benefit and the value it offers employees. Be up front about the pros and cons of different benefit plans. c. Provide numerous examples to illustrate how a benefit choice might affect different types of employees, depending upon their personal circumstances. d. Avoid the use of graphics whenever possible to make the information understandable and prevent confusion.
answer

d POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Comprehension 75. When communicating benefits programs to employees use: a. correct legal language to avoid subsequent liability. b. one, uniform method to communicate to all employees. c. multiple media techniques. d. graphics and presentation software to conceal unpleasant news.
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 76. According to the Social Security Administration, in 2014, about _____ people received retirement survivors and disability benefits from Social Security. a. 100 million b. 75 million c. 60 million d. 25 million
answer

c POINTS: 1 DIFFICULTY: Knowledge LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 77. With a diverse workforce, more employers are willing to provide benefits to employees who establish a: a. dual taxing relationship. b. joint employment status. c. codependent relationship. d. domestic partnership.
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 78. A standard definition of domestic partnership includes all of the following EXCEPT: a. a requirement that the couple live together. b. a specification of financial interdependence. c. a requirement that the relationship be a permanent one. d. a minimum term of cohabitation requirement.
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 79. Employees desiring domestic companion benefits typically must sign: a. a writ of Common Domestic Marriage. b. an Affidavit of Domestic Partnership. c. an Affidavit of Residency within their state of residence. d. a waiver of legal liability.
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 80. Which of the following benefits is NOT a legally required employee benefit? a. Employer contributions to Social Security b. Employer contributions to unemployment insurance c. Employer contributions to workers’ compensation insurance d. Employer contributions to minimum life insurance
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 81. Which of the following groups of employees is NOT covered by Social Security insurance? a. Railroad workers b. Clergy c. Self-employed persons d. Most military personnel
answer

a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 82. The Social Security insurance program is funded by: a. employer contributions. b. Old Age, Survivors, and Disability Insurance (OASDI). c. employee contributions with matching employer contributions. d. employee contributions and general tax funds.
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 83. Which of the following is NOT a benefit covered under Social Security insurance? a. Old-age insurance benefits b. Disability benefits c. Short-term disability caused by a job-related accident d. Survivors’ benefits
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 84. Tax revenues derived from Social Security pay for each of the following benefits, EXCEPT: a. disability benefits. b. unemployment. c. retirement. d. survivors’ benefits.
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 85. The amount of survivors’ insurance benefits paid by Social Security is: a. based on the cause of death. b. based on a formula that takes into consideration the number of remaining years the deceased worker had to work until retirement. c. fixed by law and adjusted only by the cost-of-living. d. based on the worker’s lifetime earnings covered by Social Security.
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM TOPICS: Bloom’s: Knowledge 86. Individuals can receive Social Security benefits as early as age: a. 58. b. 62. c. 65. d. 67. ANSWER: b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 87. Laid off employees who have been working in an employment covered by the Social Security Act may get unemployment insurance benefits for up to _____ weeks. a. 20 b. 22 c. 24 d. 26
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 88. A typical unemployment insurance program does NOT require that: a. all eligible individuals must register for available work. b. all eligible individuals must submit an application for benefits. c. recipients must be willing to accept any job that is offered to them. d. recipients must be willing to accept any suitable job that is offered to them.
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 89. Unemployment compensation payments to individuals vary according to: a. the type of job held before layoff. b. their previous wage rate and length of previous employment. c. job type and length of previous employment. d. their previous wage rate and the type of job held before layoff.
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 90. To qualify for old-age benefits, a person must reach retirement age and have earned: a. 20 credits. b. 40 credits. c. 60 credits. d. 80 credits.
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 91. One of the limitations of the Family and Medical Leave Act is that it only applies to companies that have ____ or more employees during 20 or more calendar workweeks in the current or preceding year. a. 30 b. 40 c. 50 d. 60
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 92. The Family and Medical Leave Act: a. applies to employers having 10 or more employees during 20 or more calendar workweeks in the current or preceding year. b. preempts state laws under all circumstances. c. mandates continuation of medical coverage. d. requires the employer to provide up to 24 weeks of unpaid, job-protected leave for certain family and medical reasons.
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 93. The Family and Medical Leave Act provides all of the following EXCEPT: a. up to 12 weeks of unpaid leave. b. promotions missed during leave. c. continuation of medical benefits. d. job protection.
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 94. Under the Family and Medical Leave Act, if an employee is returned to an equivalent job, rather than his/her original job, the equivalent job must have: a. identical pay, benefits, and terms of employment. b. terms of employment and promotional opportunity. c. promotional opportunity and benefits. d. identical pay, benefits, and promotional opportunity.
answer

a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 95. Retired persons are eligible for Medicare at the age of: a. 59. b. 62. c. 65. d. 67.
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 96. A portion of the payroll taxes is paid by workers and matched by their employers. In 2011, workers and their employers each paid _____ percent on every dollar of salary or wages paid. a. 1.15 b. 1.30 c. 1.45 d. 1.60
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 97. Organizations of physicians and other health care professionals that provide a wide range of services to subscribers on a prepaid basis are known as: a. preferred provider organizations (PPOs). b. major medical plans. c. health maintenance organizations (HMOs). d. integrated medical practices.
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 98. Despite its high unemployment rate, in 2011, _____ became the first state to cut the number of weeks to 20 because its unemployment fund was so far in the red. a. Pennsylvania b. Michigan c. South Dakota d. California
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 99. The _____ mandates that employers make health care coverage, at the same rate the employer would pay, available to employees, their spouses, and their dependents on termination of employment, death, or divorce. a. Health Care and Education Reconciliation Act b. Patient Protection and Affordable Care Act c. Consolidated Omnibus Budget Reconciliation Act d. Social Security Act
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 100. Groups of physicians that contract with an employer to provide medical resources on a more cost-efficient basis in exchange for a greater share of patients are known as: a. preferred provider organizations (PPOs). b. major medical plans. c. health maintenance organizations (HMOs). d. integrated medical practices.
answer

a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 101. Beginning in 2014, firms that employ _____ or more people who work 30 or more hours per week but do not offer them health insurance will have to pay a penalty to the government. a. 12 b. 20 c. 25 d. 50
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 102. An advantage of a health savings account is that if there are funds remaining in the account at the end of the year the money: a. goes back to the employer, helping the employer contain costs. b. is forfeited. c. belongs to the employee. d. can be withdrawn and placed in the employee’s retirement account.
answer

c POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Comprehension 103. Disease management programs: a. are comprehensive insurance benefits that serve as a supplemental health insurance. b. assist employees by providing information on monitoring and treating health conditions. c. assist employees as work-site fitness programs. d. are a major portion of worker’s compensation insurance.
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 104. Holiday pay, sick leave, and vacation pay are examples of: a. payment for time not worked. b. benefits required by law. c. categories of health care benefits. d. unearned benefits.
answer

a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-3 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 105. Federal government employees can usually be expected to be paid for ____ holidays a year. a. 24 b. 10 c. 15 d. 20
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-3 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 106. Beginning in 2014, firms with ____ full-time employees will be required to automatically enroll new full-time employees in their health care plans. a. 50 b. 100 c. 200 d. 250
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 107. A plan that enables an employee who is laid off to draw, in addition to state unemployment compensation, weekly benefits from the employer that are paid from a fund created for this purpose is referred to as: a. severance pay. b. supplemental unemployment benefits. c. leave insurance compensation. d. unemployment protection payments.
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-3 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 108. Under the Family and Medical Leave Act (FMLA), employees are eligible to take leave if they have worked for their employers for at least twelve months, have at least _____ hours of service, and work in organizations that have 50 or more employees within a 75-mile radius a. 750 b. 1,000 c. 1,250 d. 1,500
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 109. In January 2008, Congress passed the __________ which amended the Family and Medical Leave Act (FLMA) to provide eligible employees working for covered employers new leave rights related to military service. a. National Defense Authorization Act b. Consolidated Omnibus Budget Reconciliation Act c. Patient Protection and Affordable Care Act d. Health Care and Education Reconciliation Act
answer

a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 110. A _____ is a plan in which employees fund accounts by having money deducted from their paychecks. a. consumer-driven plan b. healthcare spending plan c. health reimbursement account d. flexible spending account
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-1 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 111. Polaroid allows employees the opportunity to try out retirement with a leave program, or gradually reduce their work hours as they approach retirement age. This is an example of: a. a severance leave. b. a preretirement program. c. family-friendly benefits. d. policies recommended by Social Security.
answer

b POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Application 112. The decision whether a pension plan should be offered is the responsibility of the: a. union and Department of Labor representatives. b. employees. c. employer. d. Pension Benefit Guaranty Corporation.
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 113. Today, about _____ of households nearing retirement have 401(k)-type of accounts. a. 20 percent b. 30 percent c. 50 percent d. 60 percent
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 114. A pension plan where contributions are made jointly by employees and employers is referred to as a: a. contributory plan. b. noncontributory plan. c. defined-benefit plan. d. defined-contribution plan.
answer

a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 115. A pension plan where contributions are made solely by the employer is referred to as a: a. contributory plan. b. noncontributory plan. c. defined-benefit plan. d. defined-contribution plan.
answer

b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 116. A pension plan where the amount that an employee is to receive upon retirement is set forth in advance is referred to as a: a. contributory plan. b. noncontributory plan. c. defined-benefit plan. d. defined-contribution plan.
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 117. A pension plan that establishes the basis on which an employer will contribute to a pension plan is referred to as a: a. contributory plan. b. noncontributory plan. c. defined-benefit plan. d. defined-contribution plan.
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 118. A popular plan that offers employees an opportunity to save through payroll deductions and have their contributions matched by the employer is known as the: a. 401(k) plan. b. tax reduction plan. c. ERISA benefit plan. d. Individual Retirement Plan.
answer

a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 119. Annual interest earned on cash-balance pension plans are often tied to a: a. 20-year Treasury rate. b. 10-year Treasury rate. c. 15-year Treasury rate. d. 30-year Treasury rate.
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 120. Private pensions are subject to federal legislation under: a. Employee Retirement Income Security Act (ERISA). b. Consolidated Omnibus Budget Reconciliation Act (COBRA). c. Tax Equity and Fiscal Responsibility Act (TEFRA). d. Retirement Equity Act (REA).
answer

a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 121. After an employee works for an employer for a certain period of time, the employee is entitled to the money in his or her pension plan. This employee is now: a. secured. b. endowed. c. vested. d. integrated.
answer

c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM TOPICS: Bloom’s: Knowledge 122. Vesting guarantees: a. withdrawal of benefits at any time. b. automatic funding of pension plans. c. accrued pension benefits at retirement age. d. selection of pension options. ANSWER: c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 123. To help employees pay for the college expenses of their children and other family members, an increasing number of companies are offering _____. a. additional overtime b. contributory benefit plans c. cafeteria plans d. 529 college savings plans
answer

d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-3 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
question

: Bloom’s: Knowledge 124. In 1996, Congress passed the ______, which provides that a same-sex domestic partner may not be treated as an employee’s spouse for purposes of federal law. a. Defense of Marriage Act b. Employee Retirement Income Security Act c. Health Insurance Portability and Accountability Act d. Health Care and Education Reconciliation Act
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a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM TOPICS: Bloom’s: Knowledge 125. Mildly ill child care facilities provide: a. tax benefits b. medical supervision c. a negative investment d. telecommuting facilities for working parents with ill children ANSWER: b POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-3 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
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: Bloom’s: Knowledge 126. Employer-sponsored child care programs and elder care programs are similar because: a. under both programs, most of the caregivers are men. b. both types of programs typically offer on-site care facilities to the employees who bring their wards to the workplace. c. both programs try to maintain or increase productivity by assisting employees with their responsibilities outside the workplace. d. both programs offer substantial income tax benefits to employees.
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c POINTS: 1 DIFFICULTY: Moderate LEARNING OBJECTIVES: MGHR.SNEL.17.11-3 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
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: Bloom’s: Comprehension 127. The Social Security Administration administers the ______________ program. a. Childcare b. ERISA c. Medicare d. SNL
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c POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
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: Bloom’s: Knowledge 128. In recent years, several companies have banded together to provide elder care in a cooperative arrangement referred to as a: a. consortium. b. limited partnership. c. combined subsidiary. d. hostel.
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a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-3 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
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: Bloom’s: Knowledge 129. Workers’ compensation insurance may be provided through private or _____ insurance. a. state-funded b. employee-prepaid c. federally-funded d. SNL-funded
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a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
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: Bloom’s: Knowledge 130. Workers’ compensation insurance covers certain work-related _____. a. lawsuits b. misunderstandings c. pay inequities d. illnesses
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d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
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: Bloom’s: Knowledge 131. Employers pay for workers’ compensation insurance in ___________ states. a. all b. a majority of c. large d. heavily industrialized
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a POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-2 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
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: Bloom’s: Knowledge 132. A major objective of the Pension Protection Act is to _____ 401(k) pension plans. a. reduce the number of b. alter the tax status of c. limit to very small employers the use of d. provide greater control over
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d POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: MGHR.SNEL.17.11-4 NATIONAL STANDARDS: United States – BUSPROG – Analytic – Business knowledge and analytic skills STATE STANDARDS: United States – OH – DISC: HRM
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: Bloom’s: Knowledge
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