HRPO 2306: Benefits and Compensation

Final

 

1.      The process of building a base pay structure and determining the value of a job begins with job analysis

a.       True

b.      False

 

2.      The Omnibus Budget Reconciliation Act of 1993 does not require which of the following?

a.       Group health coverage be offered for children placed for adoption before the adoption is final

b.      Group health plans honor qualified medical child support orders

c.       Tax deductions for executives pay be capped at $1,000,000 per year

d.      Income tax be withheld from some distributions to rollover accounts

 

3.      The midpoint is a not key element in pay administration.

a.       True

b.      False

 

4.      Is the fixed contractual amount of compensation that does not explicitly vary with performance

a.       Bonus

b.      Stock Grants

c.       Salary

d.      Severance Payments

 

5.      Reinforcement theory states that merit pay should motivate improved performance because the monetary consequences of good performance are made known

a.       True

b.      False

 

6.      The biggest comp0laince challenge in developing recognition programs is that many of the plan designs closely resemble existing employee benefits plans.

a.       True

b.      False

 

7.      A plan that enables qualified employees to receive shares that they accrued as plan participants upon retirement or separation from the organization

a.       Defined Contribution Plan

b.      401 (k)  plan

c.       Equity

d.      Employee Stock Ownership Plan

 

8.      Employers can never legally base benefits decisions on race, color, religion, sex, or national origin is the premise of which Act?

a.       The Employee Retirement Income Security Act of 1974

b.      Health Insurance Portability and Accountability Act of 1996

c.       Title VII of the Civil Rights Act of 1964

d.      Consolidated Omnibus Budget Reconciliation Act of 1985

 

9.      ERISA defines the welfare benefit plans to mean (with certain exceptions) a pension plan other than an individual account plan

a.       True

b.      False

10.  Which of the following would be the best choice of a profit-sharing plan if the employer wishes to improve organizational productivity through shared management and employee efforts?

a.       Employee Stock Purchase Plan

b.      Bonuses

c.       Gainsharing

d.      Improshare