Chap012 - Chapter 12 - Indirect Compensation: Employee...

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Chapter 12 - Indirect Compensation: Employee Benefit Plans Chapter 12 Indirect Compensation: Employee Benefit Plans True / False Questions 1. Managers need to think carefully about what they wish to accomplish by means of their benefit programs. True False 2. A mature firm with well-established products and substantial market share will probably offer low base pay and benefits but high incentives. True False 3. The perceived value of benefits rises when employers introduce choice through a flexible benefits package. True False 4. In determining the competitiveness of benefits, senior management tends to focus mainly on value, while employees are more interested in cost. True False 5. Achieving cost competitiveness assures that employees will perceive the benefits program as valuable to them. True False 6. While a generous pension plan may help to retain employees, it probably does little to motivate them to perform on a day-to-day basis. True False 12-1
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Chapter 12 - Indirect Compensation: Employee Benefit Plans 7. Under COBRA, following a worker's death or divorce, the employee's family has the right to buy group-rate health insurance for as long as three years. True False 8. In providing health and cash payments to disabled workers and their families, workers' compensation is second in size only to the nation's pension fund. True False 9. Disability insurance provides a supplemental one-time payment when death is accidental, or when employees are disabled. True False 10. LTD recipients typically receive no more than 60 percent of their base pay, until they begin receiving pension benefits. True False 11. Although disability benefits traditionally were divided into salary continuation, short-term disability, and long-term disability, combined disability management programs now merge all three. True False 12. Because U.S. employers pay most of the nation's health care premiums, over time such increases may make them less competitive in global markets. True False 13. In terms of the health-care premiums that Americans pay, 86 percent goes for in-patient hospital bills. True False 12-2
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Chapter 12 - Indirect Compensation: Employee Benefit Plans 14. When it comes to health care technology, the United States relies far less on it than do other advanced nations. True False 15. Coalitions have become key cost-control devices for large businesses, and about 95 such coalitions exist today. True False 16. Recent evidence indicates that employees who are provided a choice are continuing to move away from the more stringent HMO and POS plans toward preferred provider organizations (PPOs). True False 17. To help control unscheduled absences, 29 percent of firms are turning to short-term disability plans that combine sick leave, vacation, and personal days into one plan. True False
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This note was uploaded on 09/26/2011 for the course BA 101 taught by Professor Jackson during the Summer '06 term at University of Nevada, Las Vegas.

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Chap012 - Chapter 12 - Indirect Compensation: Employee...

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