Question 1

The first issue in setting up a benefits package is:

Accepted Answer

A)   who should be protected or benefited.
B)   how much choice should employees have among benefits.
C)   how should benefits be financed.
D)   are benefits legally defensible.

Question 2

A type of benefit plan that allocates a set dollar amount to employees and allows them to select benefits is called _____ plan.

Accepted Answer

A)   a select choice
B)   a no-deductible
C)   flexible benefit
D)   flat dollar benefit

Question 3

There is good evidence that a sound benefits program reduces turnover.

Accepted Answer

A) True 
 B)False

Question 4

_____ is the most frequent method of benefit communication.

Accepted Answer

A)   An orientation session
B)   On-line benefits information
C)   An employee benefit handbook
D)   A meeting with supervisor

Question 5

According to a recent SHRM survey,pay is the top factor driving job satisfaction.

Accepted Answer

A) True 
 B)False

Question 6

_____ is/are the primary reason why businesses adopt flexible benefit programs.

Accepted Answer

A)   Cost savings
B)   Increased employee understanding
C)   Federal requirements under EEO laws
D)   Maintaining external equity

Question 7

The best way for companies to decide whether or not the company can afford a benefit is on a _____ basis.

Accepted Answer

A)   package
B)   first dollar deductible
C)   discounted cost
D)   cost-centered

Question 8

The biggest trend in cost-containment is:

Accepted Answer

A)   benefit limitations.
B)   HMO's.
C)   outsourcing.
D)   higher deductibles.

Question 9

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 10

requires employers to offer some form of pension.

Accepted Answer

A) True 
 B)False

Question 11

All of the following are advantages of managing benefits via the internet or intranet except:

Accepted Answer

A)   employees have fewer interactions with HR staff.
B)   benefit handbook cost is minimized.
C)   benefit transactions costs are reduced.
D)   fewer employee benefits staff are required.

Question 12

The only two benefits shown to reduce turnover are pensions and medical coverage.

Accepted Answer

A) True 
 B)False

Question 13

A recent survey shows employees ranking employee benefits __________ in explaining job satisfaction.

Accepted Answer

A)   first
B)   second
C)   third
D)   last

Question 14

Which of the following is not a benefit administration issue?

Accepted Answer

A)   Benefit adequacy
B)   Benefit financing
C)   Degree of choice among benefits
D)   Legal defensibility of benefits

Question 15

The goal of employee benefits should be to keep turnover to near zero.

Accepted Answer

A) True 
 B)False

Question 16

Employee benefits may be accurately described as a costly entitlement of the American workforce.

Accepted Answer

A) True 
 B)False

Question 17

List some examples of customer-driven healthcare benefits packages.

Accepted Answer

There are many variants on con...

Question 18

Which of the following is not a major benefits planning and design issue?

Accepted Answer

A)   Benefit adequacy
B)   Competitiveness of benefits
C)   Cost effectiveness
D)   Diversity compliance

Question 19

Dual coverage is when a portion of insurance premiums is paid by the employee.

Accepted Answer

A) True 
 B)False

Question 20

If adverse selection occurs for one or more benefits in a flexible benefits plan,the higher cost will likely lead to those benefits being dropped from the plan.

Accepted Answer

A) True 
 B)False

Exam 12: The Benefit Determination Process

A recent survey shows employees ranking employee benefits __________ in explaining job satisfaction.

Correct AnswerverifiedShow Answer

A type of benefit plan that allocates a set dollar amount to employees and allows them to select benefits is called _____ plan.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

If adverse selection occurs for one or more benefits in a flexible benefits plan,the higher cost will likely lead to those benefits being dropped from the plan.

Correct AnswerverifiedShow Answer

requires employers to offer some form of pension.

Correct AnswerverifiedShow Answer

_____ is the most frequent method of benefit communication.

Correct AnswerverifiedShow Answer

_____ is/are the primary reason why businesses adopt flexible benefit programs.

Correct AnswerverifiedShow Answer

Employee benefits may be accurately described as a costly entitlement of the American workforce.

Correct AnswerverifiedShow Answer

The goal of employee benefits should be to keep turnover to near zero.

Correct AnswerverifiedShow Answer

The only two benefits shown to reduce turnover are pensions and medical coverage.

Correct AnswerverifiedShow Answer

The best way for companies to decide whether or not the company can afford a benefit is on a _____ basis.

Correct AnswerverifiedShow Answer

Dual coverage is when a portion of insurance premiums is paid by the employee.

Correct AnswerverifiedShow Answer

The biggest trend in cost-containment is:

Correct AnswerverifiedShow Answer

All of the following are advantages of managing benefits via the internet or intranet except:

Correct AnswerverifiedShow Answer

The first issue in setting up a benefits package is:

Correct AnswerverifiedShow Answer

Which of the following is not a benefit administration issue?

Correct AnswerverifiedShow Answer

Which of the following is not a major benefits planning and design issue?

Correct AnswerverifiedShow Answer

List some examples of customer-driven healthcare benefits packages.

Correct AnswerverifiedThere are many variants on con...View AnswerShow Answer

According to a recent SHRM survey,pay is the top factor driving job satisfaction.

Correct AnswerverifiedShow Answer

There is good evidence that a sound benefits program reduces turnover.

Correct AnswerverifiedShow Answer

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

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There are many variants on con...
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