Question 1

A survey shows that the majority of employers are responding to increased benefit costs by _____.

Accepted Answer

A)   requiring employees to pay higher deductibles and copays
B)   laying off employees
C)   dropping health care plans
D)   relying on the Patient Protection and Affordable Care Act

Question 2

The first issue in setting up a benefits package is:

Accepted Answer

A)   finding out who should be protected or benefited.
B)   figuring out how much choice should employees have among benefits.
C)   determining how benefits should be financed.
D)   choosing legally defensible benefits.

Question 3

Benefits can be an effective tool to attract and retain employees when the benefits address the needs of a target group.

Accepted Answer

A) True 
 B)False

Question 4

Employers prefer the noncontributory approach to financing benefits because this allows greater control of costs.

Accepted Answer

A) True 
 B)False

Question 5

Various studies have found that only two specific benefits curtailed employee turnover: _____ and _____.

Accepted Answer

A)   vacation days;dental plans
B)   profit-sharing plans;life insurance
C)   retirement benefits;paid vacations
D)   pensions;medical coverage

Question 6

The most widely used benefit survey is conducted by:

Accepted Answer

A)   the U.S.Chamber of Commerce.
B)   Watson-Wyatt.
C)   the Society for Human Resource Management.
D)   the American Compensation Association.

Question 7

Employees' preferences of various benefits can be predicted accurately from demographic data.

Accepted Answer

A) True 
 B)False

Question 8

All of the following factors are reasons for the growth of benefits EXCEPT:

Accepted Answer

A)   foreign lawsuits.
B)   unions.
C)   cost effectiveness of benefits.
D)   government impetus.

Question 9

A major reason for the proliferating cost of benefit programs is the narrow focus of benefit administrators.

Accepted Answer

A) True 
 B)False

Question 10

The biggest cost-containment strategy in recent years is the movement to:

Accepted Answer

A)   benefit limitations.
B)   HMOs.
C)   outsourcing.
D)   higher deductibles.

Question 11

Surveys show that the most highly valued benefit is:

Accepted Answer

A)   dental coverage.
B)   life insurance.
C)   paid vacation and holidays.
D)   medical insurance.

Question 12

The typical employee can recall _____ percent of the benefits he or she receives.

Accepted Answer

A)   almost 50
B)   less than 15
C)   over 30
D)   40

Question 13

As part of the efforts to bring down the employee benefits cost to the company,GrindStop Corp.restricts the number of visits to the dentists covered in the dental plan to two per year.Which of the following cost-containment strategies is used by GrindStop?

Accepted Answer

A)   Copay
B)   Benefit limitation
C)   Administrative cost containment
D)   Wellness program

Question 14

By limiting liability for an employee's hospital stay costs to $200,000,an employer is using a cost-containment measure known as:

Accepted Answer

A)   dual coverage.
B)   benefit ceiling.
C)   coinsurance.
D)   deductible.

Exam 12: The Benefit Determination Process

Employees' preferences of various benefits can be predicted accurately from demographic data.

Correct Answer
verified

By limiting liability for an employee's hospital stay costs to $200,000,an employer is using a cost-containment measure known as:

Correct Answer
verified

The biggest cost-containment strategy in recent years is the movement to:

Correct Answer
verified

Benefits can be an effective tool to attract and retain employees when the benefits address the needs of a target group.

Correct Answer
verified

All of the following factors are reasons for the growth of benefits EXCEPT:

Correct Answer
verified

The most widely used benefit survey is conducted by:

Correct Answer
verified

Surveys show that the most highly valued benefit is:

Correct Answer
verified

A major reason for the proliferating cost of benefit programs is the narrow focus of benefit administrators.

Correct Answer
verified

The typical employee can recall _____ percent of the benefits he or she receives.

Correct Answer
verified

As part of the efforts to bring down the employee benefits cost to the company,GrindStop Corp.restricts the number of visits to the dentists covered in the dental plan to two per year.Which of the following cost-containment strategies is used by GrindStop?

Correct Answer
verified

Various studies have found that only two specific benefits curtailed employee turnover: _ and _.

Correct Answer
verified

A survey shows that the majority of employers are responding to increased benefit costs by _____.

Correct Answer
verified

Employers prefer the noncontributory approach to financing benefits because this allows greater control of costs.

Correct Answer
verified

The first issue in setting up a benefits package is:

Correct Answer
verified

Exam 12: The Benefit Determination Process

Employees' preferences of various benefits can be predicted accurately from demographic data.

Correct AnswerverifiedShow Answer

By limiting liability for an employee's hospital stay costs to $200,000,an employer is using a cost-containment measure known as:

Correct AnswerverifiedShow Answer

The biggest cost-containment strategy in recent years is the movement to:

Correct AnswerverifiedShow Answer

Benefits can be an effective tool to attract and retain employees when the benefits address the needs of a target group.

Correct AnswerverifiedShow Answer

All of the following factors are reasons for the growth of benefits EXCEPT:

Correct AnswerverifiedShow Answer

The most widely used benefit survey is conducted by:

Correct AnswerverifiedShow Answer

Surveys show that the most highly valued benefit is:

Correct AnswerverifiedShow Answer

A major reason for the proliferating cost of benefit programs is the narrow focus of benefit administrators.

Correct AnswerverifiedShow Answer

The typical employee can recall _____ percent of the benefits he or she receives.

Correct AnswerverifiedShow Answer

As part of the efforts to bring down the employee benefits cost to the company,GrindStop Corp.restricts the number of visits to the dentists covered in the dental plan to two per year.Which of the following cost-containment strategies is used by GrindStop?

Correct AnswerverifiedShow Answer

Various studies have found that only two specific benefits curtailed employee turnover: _____ and _____.

Correct AnswerverifiedShow Answer

A survey shows that the majority of employers are responding to increased benefit costs by _____.

Correct AnswerverifiedShow Answer

Employers prefer the noncontributory approach to financing benefits because this allows greater control of costs.

Correct AnswerverifiedShow Answer

The first issue in setting up a benefits package is:

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Various studies have found that only two specific benefits curtailed employee turnover: _ and _.

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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