quizesQuestion 1 of 10
10.0/
10.0 Points
Examples of specific employee benefits include:
A.Paid
vacation and medical insurance coverage.
B.Tuition
reimbursement
C.Both
of the above
Feedback: !
Question 2 of 10
10.0/
10.0 Points
Core compensation refers to?
A.Bonuses

B.Incentive
pay
C.Base
pay
Feedback: ! Good work!
Question 3 of 10
10.0/
10.0 Points
The Social Security laws were enacted when?
A.1964
B.1935
C.1950
Feedback: ! Good work!
Question 4 of 10
10.0/
10.0 Points
The term “Distributive Justice” is percieved
fairness of…
A….processes

B….the
interpersonal treatment people receive from others.
C….how rewards are distributed.

Feedback: ! Great job!
Question 5 of 10
10.0/
10.0 Points
Why might employers offer benefits in their compensation
packages?
A.To recruit certain types of
workers.
B.To
incur excess costs to the organization.
C.To
increase employer satisfaction.
Feedback: ! Good work!
Question 6 of 10
10.0/
10.0 Points
The Family and Medical Leave Act requires that eligible
employers provide certain employees with up to how many weeks of leave?
A.8
weeks or two months
B.12 Weeks
C.18
weeks
Feedback: !
Question 7 of 10
10.0/
10.0 Points
Congress enacted the National Labor Relations Act in what
year?
A.1935
B.1956
C.1964
Feedback: ! Good work!
Question 8 of 10
10.0/
10.0 Points
The Worker Adjustment and
Retraining Notification (WARN) Act generally requires that
management give at least how many days advance notice of a plant closing or
mass layoff?
A.Thirty
days (30)
B.Ninety
days (90)
C.Sixty days (60)
Feedback: !
Question 9 of 10
0.0/
10.0 Points
The Employee Retirement Income Security Act of 1974 (ERISA)
was established to regulate the establishment and implementation of…
In A.Retirement
defined benefit plans.
B.Discretionary
benefits practices.
C.Direct
backfill rtirement programs.
Feedback: See page 75 from the text.
Question 10 of 10
10.0/
10.0 Points
What protects against the loss of vested pension benefits
when plans fail?
A.Termination insurance
B.Pension
plan insurance
C.Social
security insurance Question 1 of 10
10.0/
10.0 Points
The first pension plan in the United States was established
in what year?
A. 1865

B. 1759

C. 1964

D. 1776

Feedback: Correct!
Question 2 of 10
10.0/
10.0 Points
According to the text what percent of workers
employed in the private sector participated in at least one
company-sponsored retirement plan in 2006?
A.55%
B.19%
C.50%
D.75%
Feedback: Correct! Good work.
Question 3 of 10
10.0/
10.0 Points
In accordance with the text, the second reason for changes
away from participation in defined benefit plans to defined contribution plans
is?
A.The
decline of qualified workers.
B.Technology
and computer based operations.
C.Defined
contribution plans are quite costly to
employers compared to defined benefit plans.
D.Defined benefit plans are quite
costly to
employers compared to defined contribution plans
Feedback: Best answer!
Question 4 of 10
10.0/
10.0 Points
Pay, health-care benefits and other benefits such as 401(k)
plans can all make up what type of package? A.A
total compensation package.
B.A
retention package
C.A
recruiting package.
D.A
bonus package.
Feedback: Correct!
Question 5 of 10
10.0/
10.0 Points
The term Vesting refers to?
A.A
Union classification system. B.An employees nonforfeitable
rights to
pension benefits.
C.The
rate at which participants accumulate
(or earn) benefits.
D.All
of the above.
Feedback: Correct! Good answer.
Question 6 of 10
10.0/
10.0 Points
What type of retirement plan provides benefits usually
expressed in terms of a monthly sum equal to a percentage of a participants
preretirement pay multiplied by the number of years he or she has worked for
the employer?
A.A
dedicated retirement plan.
B.A
defined contribution plan.
C.An
employee’s 401k retirement plan.
D.A
defined benefit plan.
Feedback: Correct!
Question 7 of 10
10.0/
10.0 Points
What type of plan allows employers and employees to make
annual contributions to separate accounts established for each articipating
employee, based on a formula contained in the plan document?
A.A
defined contribution plan.
B.A
defined benefit plan.
C.Individual
retirement account (IRA) plan.
D.Roth
IRA plans.
Feedback: Correct!
Question 8 of 10
10.0/
10.0 Points
When the government regulates the health care system and
uses taxpayer dollars to fund health care this system is known as?
A.Multi
payer system of health care.
Correct B.Single
payer system of health care.
C.Government
sponsored health care system.
D.Universal
health care system.
Feedback: Correct!
Question 9 of 10
10.0/
10.0 Points
Congress enacted the Employee Retirement Income Security Act
in what year?
A.1964
B.1865
C.1935
Correct D.1974

Feedback: Correct!
Question 10 of 10
10.0/
10.0 Points
What type of tables are created by actuaries to express
annual probabilities of the ccurrence of health problems?
A.Macro
tables.
B.Mortality
tables.
C.Morbidity
tables.
D.Maintenance
tables.Question 1 of 10
10.0/
10.0 Points
What is disability insurance?
A.Insurance that replaces income
for employees who become unable to work on a regular basis because of an illness
or injury.
B.Insurance
that pays for helth care resultant from an injury.
C.Insurance
that pays the beneficiary a death benefit.
D.Insurance
that covers an employee against job loss.
Question 2 of 10
10.0/
10.0 Points
Short-term disability insurance, provides benefits for
limited periods of time, usually less than how many months?
A.Nine
months.
B.12
months.
C.Six months.
D.Eighteen
months.
Feedback: !
Question 3 of 10
10.0/
10.0 Points
Long-term disability insurance, provides benefits for
extended periods of time anywhere between six months and life.

A. True
B. False
Feedback: !
Question 4 of 10
10.0/
10.0 Points
The Occupational Safety and Health Act (OSHA) was passed in
the early 1870s.

A. True
B. False
Feedback: !
Question 5 of 10
10.0/
10.0 Points
What is the name of the 1990 amendment to the ADEA that
generally bans the termination of an employees long-term disability benefits
for active employees based on age?
A.The
Privacy Act of 1974.
B.The
FICA Act of 1964.
C.The
EEOC Act of 1990.
D.The Older Workers Benefit
Protection Act (OWBPA).
Feedback: !
Question 6 of 10
10.0/
10.0 Points
Employer-sponsored life insurance protects family members by
paying a specified amount to an employees beneficiaries upon the employees
death.

A. True
B. False
Feedback: !
Question 7 of 10
10.0/
10.0 Points
The Social Security Act was passed in what year?
A.1935
B.1965
C.1870
D.1964
Feedback: !
Question 8 of 10
0.0/
10.0 Points
Unemployment Insurance provides annual income to individuals
who become unemployed through no fault of their own.
In

A. True
B. False
Feedback: In. See page 212 from the text
Question 9 of 10
10.0/
10.0 Points
Most states impose a waiting period of how long before
paying unemployment benefits?
A.Usually
one month following submission of a claim.
B.Usually
two weeks following submission of a claim.
C.Usually one week following
submission of a claim.
D.Usually
90 days following submission of a claim.
Feedback: !
Question 10 of 10
10.0/
10.0 Points
How are unemployment benefits financed?
A.Unemployment
insurance benefits are financed by employee income taxes.
B.Unemployment
insurance benefits are financed by so called “sin” taxes by
individuals.
C.Unemployment insurance benefits
are financed by federal and, sometimes, state taxes levied on employers.
D.Unemployment
insurance benefits are financed by a national unemployment tax. Question 1 of 10 10.0/
10.0 PointsExamples of specific employee benefits include: A.Paid
vacation and medical insurance coverage. B.Tuition
reimbursement C.Both
of the above Feedback: !Question 2 of 10 10.0/
10.0 PointsCore compensation refers to? A.Bonuses
B.Incentive
pay C.Base
pay Feedback: ! Good work!Question 3 of 10 10.0/
10.0 PointsThe Social Security laws were enacted when? A.1964 B.1935 C.1950 Feedback: ! Good work!Question 4 of 10 10.0/
10.0 PointsThe term “Distributive Justice” is percieved
fairness of… A….processes
B….the
interpersonal treatment people receive from others. C….how rewards are distributed.
Feedback: ! Great job!Question 5 of 10 10.0/
10.0 PointsWhy might employers offer benefits in their compensation
packages? A.To recruit certain types of
workers. B.To
incur excess costs to the organization. C.To
increase employer satisfaction. Feedback: ! Good work!Question 6 of 10 10.0/
10.0 PointsThe Family and Medical Leave Act requires that eligible
employers provide certain employees with up to how many weeks of leave? A.8
weeks or two months B.12 Weeks C.18
weeks Feedback: !Question 7 of 10 10.0/
10.0 PointsCongress enacted the National Labor Relations Act in what
year? A.1935 B.1956 C.1964 Feedback: ! Good work!Question 8 of 10 10.0/
10.0 PointsThe Worker Adjustment andRetraining Notification (WARN) Act generally requires that
management give at least how many days advance notice of a plant closing or
mass layoff? A.Thirty
days (30) B.Ninety
days (90) C.Sixty days (60) Feedback: !Question 9 of 10 0.0/
10.0 PointsThe Employee Retirement Income Security Act of 1974 (ERISA)
was established to regulate the establishment and implementation of…In A.Retirement
defined benefit plans. B.Discretionary
benefits practices. C.Direct
backfill rtirement programs. Feedback: See page 75 from the text.Question 10 of 10 10.0/
10.0 PointsWhat protects against the loss of vested pension benefits
when plans fail? A.Termination insurance B.Pension
plan insurance C.Social
security insurance Question 1 of 10 10.0/
10.0 PointsThe first pension plan in the United States was established
in what year? A. 1865
B. 1759
C. 1964
D. 1776
Feedback: Correct!Question 2 of 10 10.0/
10.0 PointsAccording to the text what percent of workersemployed in the private sector participated in at least one
company-sponsored retirement plan in 2006? A.55% B.19% C.50% D.75% Feedback: Correct! Good work.Question 3 of 10 10.0/
10.0 PointsIn accordance with the text, the second reason for changes
away from participation in defined benefit plans to defined contribution plans
is? A.The
decline of qualified workers. B.Technology
and computer based operations. C.Defined
contribution plans are quite costly toemployers compared to defined benefit plans. D.Defined benefit plans are quite
costly toemployers compared to defined contribution plans Feedback: Best answer!Question 4 of 10 10.0/
10.0 PointsPay, health-care benefits and other benefits such as 401(k)
plans can all make up what type of package? A.A
total compensation package. B.A
retention package C.A
recruiting package. D.A
bonus package. Feedback: Correct!Question 5 of 10 10.0/
10.0 PointsThe term Vesting refers to? A.A
Union classification system. B.An employees nonforfeitable
rights topension benefits. C.The
rate at which participants accumulate(or earn) benefits. D.All
of the above. Feedback: Correct! Good answer.Question 6 of 10 10.0/
10.0 PointsWhat type of retirement plan provides benefits usually
expressed in terms of a monthly sum equal to a percentage of a participants
preretirement pay multiplied by the number of years he or she has worked for
the employer? A.A
dedicated retirement plan. B.A
defined contribution plan. C.An
employee’s 401k retirement plan. D.A
defined benefit plan. Feedback: Correct!Question 7 of 10 10.0/
10.0 PointsWhat type of plan allows employers and employees to make
annual contributions to separate accounts established for each articipating
employee, based on a formula contained in the plan document? A.A
defined contribution plan. B.A
defined benefit plan. C.Individual
retirement account (IRA) plan. D.Roth
IRA plans. Feedback: Correct!Question 8 of 10 10.0/
10.0 PointsWhen the government regulates the health care system and
uses taxpayer dollars to fund health care this system is known as? A.Multi
payer system of health care. Correct B.Single
payer system of health care. C.Government
sponsored health care system. D.Universal
health care system. Feedback: Correct!Question 9 of 10 10.0/
10.0 PointsCongress enacted the Employee Retirement Income Security Act
in what year? A.1964 B.1865 C.1935 Correct D.1974
Feedback: Correct!Question 10 of 10 10.0/
10.0 PointsWhat type of tables are created by actuaries to express
annual probabilities of the ccurrence of health problems? A.Macro
tables. B.Mortality
tables. C.Morbidity
tables. D.Maintenance
tables.Question 1 of 10 10.0/
10.0 PointsWhat is disability insurance? A.Insurance that replaces income
for employees who become unable to work on a regular basis because of an illness
or injury. B.Insurance
that pays for helth care resultant from an injury. C.Insurance
that pays the beneficiary a death benefit. D.Insurance
that covers an employee against job loss. Question 2 of 10 10.0/
10.0 PointsShort-term disability insurance, provides benefits for
limited periods of time, usually less than how many months? A.Nine
months. B.12
months. C.Six months. D.Eighteen
months. Feedback: !Question 3 of 10 10.0/
10.0 PointsLong-term disability insurance, provides benefits for
extended periods of time anywhere between six months and life.A. TrueB. FalseFeedback: !Question 4 of 10 10.0/
10.0 PointsThe Occupational Safety and Health Act (OSHA) was passed in
the early 1870s.A. TrueB. FalseFeedback: !Question 5 of 10 10.0/
10.0 PointsWhat is the name of the 1990 amendment to the ADEA that
generally bans the termination of an employees long-term disability benefitsfor active employees based on age? A.The
Privacy Act of 1974. B.The
FICA Act of 1964. C.The
EEOC Act of 1990. D.The Older Workers Benefit
Protection Act (OWBPA).Feedback: !Question 6 of 10 10.0/
10.0 PointsEmployer-sponsored life insurance protects family members by
paying a specified amount to an employees beneficiaries upon the employees
death.A. TrueB. FalseFeedback: !Question 7 of 10 10.0/
10.0 PointsThe Social Security Act was passed in what year? A.1935 B.1965 C.1870 D.1964Feedback: !Question 8 of 10 0.0/
10.0 PointsUnemployment Insurance provides annual income to individuals
who become unemployed through no fault of their own.InA. TrueB. FalseFeedback: In. See page 212 from the textQuestion 9 of 10 10.0/
10.0 PointsMost states impose a waiting period of how long before
paying unemployment benefits? A.Usually
one month following submission of a claim. B.Usually
two weeks following submission of a claim. C.Usually one week following
submission of a claim. D.Usually
90 days following submission of a claim. Feedback: !Question 10 of 10 10.0/
10.0 PointsHow are unemployment benefits financed? A.Unemployment
insurance benefits are financed by employee income taxes. B.Unemployment
insurance benefits are financed by so called “sin” taxes by
individuals. C.Unemployment insurance benefits
are financed by federal and, sometimes, state taxes levied on employers. D.Unemployment
insurance benefits are financed by a national unemployment tax.