Chapter 12 - The Benefit Determination Process Chapter 12 The Benefit Determination Process Multiple Choice Questions 1. The total cost of employee benefits in the U. S. is _____ dollars. A. two trillionB. one trillionC. five trillionD. one billion 2. In 1959, benefits were approximately _____ percent of payroll and in 2008, the percent was _____. 3. For the past 15 years, health care costs have risen an average of nearly _____ percent per year. 4. All of the following factors are reasons for the growth of benefits except: 12-1
Chapter 12 - The Benefit Determination Process 5. Which of the following benefits are not mandated by state or federal legislation? A. Workers' compensationB. PensionsC. Social securityD. Unemployment insurance 6. The typical employee can recall _____ percent of the benefits they receive. 7. Advantages of employer sponsored life and health insurance include all of the following except: 8. Surveys show that the most highly valued benefit is: 9. Which of the following benefits is rated lowest by employees? A. Long-term disabilityB. Sick payC. PensionsD. Dental insurance 12-2
Chapter 12 - The Benefit Determination Process 10. A study of the factors affecting MBA students' job choice showed _____ was ranked as least important. 11. Which of the following is a major benefits planning and design issue? 12. The first issue in setting up a benefits package is: 13. Which of the following is not a benefit administration issue? A. Benefit adequacyB. Benefit financingC. Degree of choice among benefitsD. Legal defensibility of benefits 14. While approximately _____ percent of fulltime U. S. employees receive paid vacations and holidays, _____ percent of part time workers receive these benefits. 12-3
Chapter 12 - The Benefit Determination Process
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- Employee Benefit, Health insurance in the United States, Cafeteria plan, Benefit Determination Process