Question 1

Individuals who work for federal contractors are entitled to 56 hours of paid sick leave per year as a result of Executive Order 13706.

Accepted Answer

A) True 
 B)False

Question 2

In the context of health care legislations, which of the following is true of the Health Insurance Portability and Accountability Act (HIPAA) ?

Accepted Answer

A)   It mandates employees to switch their health insurance plans when they change jobs.
B)   It prohibits group insurance plans from dropping coverage for a sick employee.
C)   It does not regulate the disclosure of protected health information.
D)   It exclusively applies to employers with 100 or more full-time and/or part-time employees.E) A) and B)
F) A) and C)

Question 3

Why is the effective communication of benefits important for the efficient functioning of a company?

Accepted Answer

Employees are often not fully aware of t...

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

In companies that provide defined benefit plans, if the funding is inadequate to pay the benefits promised, the employees must make up the shortfall.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is a benefit that employers must provide?

Accepted Answer

A)   Wellness programs
B)   Unemployment compensation
C)   Education assistance
D)   Public-service leaveE) C) and D)
F) B) and D)

Question 7

Every company is required to pay an unemployment tax that is based on the _____.

Accepted Answer

A)   actuarial calculations of the benefits to be paid to employees
B)   the total number of employees covered under workers' compensation
C)   employees' lengths of service
D)   the number of claims filed by workers who leave employmentE) A) and B)
F) All of the above

Question 8

Which of the following is a strategy that is most frequently used by employers offering health care benefits to control and reduce their costs?

Accepted Answer

A)   Decreasing deductibles and copayments
B)   Instituting low-deductible plans
C)   Increasing employee contributions
D)   Expanding family coverageE) A) and B)
F) A) and C)

Question 9

Preferred provider organizations (PPOs)  and health maintenance organizations (HMOs)  _____.

Accepted Answer

A)   primarily aim at reducing health care costs paid by employees
B)   do not provide health care services to private-sector organizations
C)   separate their prescription drug coverage from the general health care plan
D)   are the most common forms of managed careE) B) and C)
F) None of the above

Question 10

Medicare is the health insurance program that was implemented by the U.S. government in 1965 to provide medical care primarily for _____.

Accepted Answer

A)   disabled workers
B)   government employees
C)   people over the age of 65
D)   cancer patientsE) C) and D)
F) A) and C)

Question 11

Long-term disability insurance _____.

Accepted Answer

A)   applies exclusively to nongovernmental employers with over 50 employees
B)   pays for temporary living expenses and moving expenses incurred by disabled employees
C)   pays a flat fee for a fixed number of hours of legal assistance each month for disabled employees
D)   provides continuing income protection for employees who become disabled and are unable to workE) A) and B)
F) B) and C)

Question 12

Which are the two important U.S. laws that govern issues related to the protection of the health of former workers, and what are some of their provisions?

Accepted Answer

The two most important laws that govern ...

Question 13

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 typically reject paternity leave applications because employees are likely to obtain such leaves under fraudulent conditions.
C)   Men have a perception that it is not considered socially acceptable for them to stay home for child-related reasons.
D)   A provision in the Family and Medical Leave Act mandates that only one parent per family can take leaves, which are usually taken by the mother.E) A) and D)
F) A) and C)

Question 14

Which of the following statements is true in the context of part-time employee benefits and status?

Accepted Answer

A)   Part-time employees are more likely to receive life insurance benefits than paid holidays.
B)   Part-time employees are more likely to receive retirement benefits than health care benefits.
C)   Part-time employees are less likely to receive short-term disability benefits than long-term disability benefits.
D)   Part-time employees are less likely to receive paid disability leave benefits than health care benefits.E) None of the above
F) All of the above

Question 15

In the United States, benefit costs have significantly reduced between 2001 and 2015.

Accepted Answer

A) True 
 B)False

Question 16

Copayments are the portion of medical expenses paid by an insured individual for medical treatment.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following best describes workers' compensation?

Accepted Answer

A)   Compensation provided to workers after retirement
B)   A benefit program provided to workers injured on the job
C)   A benefit program provided to workers who survive terminal diseases
D)   Total pay package that includes both basic wages and benefitsE) A) and B)
F) A) and C)

Question 18

Employees' satisfaction with benefits is most definitely linked to benefit communications.

Accepted Answer

A) True 
 B)False

Question 19

Divorced spouses and dependent children of former or current employees are offered extended health care coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA).

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A)   risk dispersion
B)   benefits concentration
C)   adverse selection
D)   open enrollmentE) None of the above
F) B) and D)

Exam 12: Managing Employee Benefits

Which are the two important U.S. laws that govern issues related to the protection of the health of former workers, and what are some of their provisions?

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

Long-term disability insurance _____.

Correct AnswerverifiedShow Answer

Preferred provider organizations (PPOs) and health maintenance organizations (HMOs) _____.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In the context of health care legislations, which of the following is true of the Health Insurance Portability and Accountability Act (HIPAA) ?

Correct AnswerverifiedShow Answer

Divorced spouses and dependent children of former or current employees are offered extended health care coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA).

Correct AnswerverifiedShow Answer

In the United States, benefit costs have significantly reduced between 2001 and 2015.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following best describes workers' compensation?

Correct AnswerverifiedShow Answer

Every company is required to pay an unemployment tax that is based on the _____.

Correct AnswerverifiedShow Answer

Medicare is the health insurance program that was implemented by the U.S. government in 1965 to provide medical care primarily for _____.

Correct AnswerverifiedShow Answer

Which of the following statements is true in the context of part-time employee benefits and status?

Correct AnswerverifiedShow Answer

Which of the following is a strategy that is most frequently used by employers offering health care benefits to control and reduce their costs?

Correct AnswerverifiedShow Answer

Employees' satisfaction with benefits is most definitely linked to benefit communications.

Correct AnswerverifiedShow Answer

Individuals who work for federal contractors are entitled to 56 hours of paid sick leave per year as a result of Executive Order 13706.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

In companies that provide defined benefit plans, if the funding is inadequate to pay the benefits promised, the employees must make up the shortfall.

Correct AnswerverifiedShow Answer

Why is the effective communication of benefits important for the efficient functioning of a company?

Correct AnswerverifiedEmployees are often not fully aware of t...View AnswerShow Answer

Copayments are the portion of medical expenses paid by an insured individual for medical treatment.

Correct AnswerverifiedShow Answer

Which of the following is a benefit that employers must provide?

Correct AnswerverifiedShow Answer

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The two most important laws that govern ...
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Employees are often not fully aware of t...
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