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BUS 409 Week 8 Quiz 7
•Question 1
Under a cliff vesting arrangement, after how many years must full vesting rights be granted?
•Question 2
Which of the following benefits was previously offered on a discretionary basis, but, is now mandatory?
•Question 3
Which of the following laws permit employers to automatically enroll employees in a defined contribution plan?
•Question 4
The tax advantage afforded companies from offering particular discretionary benefits has strategic value for which of the following reasons?
•Question 5
Which of the following would be considered part of a company's wellness program?
•Question 6
Which government action contributed to the use of welfare benefits?
•Question 7
Which of the following could undermine competitive advantage?
•Question 8
Which of the following is associated with Roth 401(k) plans?
•Question 9
Outplacement assistance programs are best suited for which condition?
•Question 10
Since the costs of benefits has risen so dramatically in recent years, the majority of the companies decided to finance discretionary benefits using which of the following methods?
•Question 11
Which of the following contributed to the use of flexible benefits plans?
•Question 12
These represent a series of payments for the life of the participant and beneficiary.
•Question 13
Which of the following do qualified plans provide?
•Question 14
Which type of plan appeared as one of the first discretionary benefits practices?
•Question 15
Which set of rules prohibit employers from discriminating in favor of highly compensated employees in contributions or benefits, availability of benefits, rights, or plan features?
•Question 16
This type of account does not permit employees to carry over any remaining balance from year to year.
•Question 17
Which approach to providing health care makes the most sense when a company's financial burden of covering employee medical expenses is less than the cost to subscribe to an insurance company for coverage?
•Question 18
Why do health reimbursement accounts (HRAs) appeal to employees with low salaries or hourly wages?
•Question 19
How is Medicare Part A financed?
•Question 20
What is the maximum amount that companies are permitted to charge COBRA beneficiaries?
•Question 21
Managing staffing levels to avoid layoffs due to poor business conditions can help control which type of benefits cost?
•Question 22
Which of the following refers to payments an individual makes as a condition of receiving medical services?
•Question 23
Under which law must former employees be given the choice to continue their coverage, as well as coverage for their spouses and dependents, for up to 18 months?
•Question 24
In which plan do employees possess the option to receive care from health care providers outside the designated network of physicians, paying more for the choice?
•Question 25
The first 4 quarters of the last 5 completed calendar quarters in the previous year is the base period for which benefit?
•Question 26
What is coinsurance?
•Question 27
To be eligible for unemployment insurance benefits, an individual must meet which of the following requirements?
•Question 28
To be fully insured under the OASDI retirement benefit, an employee would have to work at least how long?
•Question 29
Which of the following is the fundamental purpose of legally required benefits?
•Question 30
Which of the following type of program can help reduce workers' compensation claims?
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