Dessler13 - Chapter 13: Benefits and Services Multiple...

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Unformatted text preview: Chapter 13: Benefits and Services Multiple Choice 1. The indirect financial and nonfinancial payments employees receive for continuing employment with the company are called _____. a. reimbursement b. employee compensation c. salary d. benefits e. remuneration (b; easy; p. 476) 2. Nonfinancial payments like health and life insurance, pensions, time off with pay, and child care facilities are examples of _____. a. variable pay b. competency-based incentives c. benefits d. salary e. bonuses (c; easy; p. 476) 3. Approximately what percentage of Americans is covered by job-based health insurance? a. 25% b. 40% c. 60% d. 75% e. 90% (c; moderate; p. 476) 4. Which of the following benefits is required by federal or state law? a. disability insurance b. workers compensation c. paid time off for vacations and holidays d. health insurance e. pensions (b; moderate; p. 477) 5. All of the following benefits are required by federal or state law except _____. a. social security b. workers compensation c. unemployment insurance d. pensions e. leaves covered under the Federal Medical Leave Act (d; moderate; p. 477) 254 6. Which regulation covers pension plans and requires employers to have written plan documents that establish terms such as eligibility and participation? a. Employee Retirement Income Security Act (ERISA) b. Economic Growth and Tax Relief Conciliation Act c. Job Creation and Worker Assistance Act d. Newborn Mothers Protection Act e. Health Insurance Portability and Accountability Act (a; moderate; p. 477) 7. The Employment Retirement Income Security Act _____. a. provides guidelines regarding what rates of return employers should use in computing their pension plan values b. covers pension plans and requires employers to have written plan documents that establish terms such as eligibility and participation c. prohibits an employers health plan from using incentives to encourage employees to leave the hospital after childbirth after less than the legislatively-determined minimum stay d. limits the ability of health plans to set annual or lifetime maximums on mental and nervous disorder benefits e. sets minimum requirements for protecting individuals health-care data accessibility and confidentiality (b; moderate; p. 477) 8. Which regulation listed below provides guidelines regarding what rates of return employers should use in computing their pension plan values? a. Employee Retirement Income Security Act (ERISA) b. Economic Growth and Tax Relief Conciliation Act c. Job Creation and Worker Assistance Act d. Newborn Mothers Protection Act e. Health Insurance Portability and Accountability Act (c; moderate; p. 477) 255 9. The Job Creation and Worker Assistance Act _____....
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This note was uploaded on 01/29/2012 for the course INTERNATIO 101 taught by Professor Mr.johnnash during the Spring '11 term at Symbiosis International University.

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Dessler13 - Chapter 13: Benefits and Services Multiple...

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