Multiple Choice - Chapter 13

Front 1

Data from WellPoint shows that ________ percent of its customers' accounts for over 60 percent of its medical costs.

Back 1

7

Front 2

A comparison of employee benefits for private and state and local government sector reveals that:

Back 2

both wages and benefits are higher in the state and local governments.

Front 3

Which of the following is not a benefit that is required by statutory law?

Back 3

Pension and retirement benefits

Front 4

_____ has been described as a major cost of doing business.

Back 4

Workers' compensation

Front 5

Jennifer is hurt at work while driving a forklift. Her employer claims that she was driving too fast and therefore she is responsible for her own injury and is not eligible for workers' compensation. What will be the outcome of the employer's challenge to her worker's compensation claim?

Back 5

She will likely receive workers' compensation benefits.

Front 6

Experts attribute the decline in dollar cost of workers' compensation cost after 2005 to:

Back 6

employer safety programs.

Front 7

_____ relieve an employer's liability when a pre-employment injury combines with a work-related injury to produce a disability greater than that caused by the latter alone.

Back 7

Second-injury funds

Front 8

The time of benefit provided by the largest percent of both large and small firms is

Back 8

paid time off.

Front 9

Which of the following types of workers are generally not covered by workers' compensation

Back 9

Farm workers

Front 10

Approximately _____ percent of social security benefits go to retirees and their dependents.

Back 10

70

Front 11

The rising costs of Social Security have been covered by:

Back 11

increases in the maximum earnings base and the tax rate at which it is taxed.

Front 12

All of the following are benefits under Social Security except:

Back 12

medical expenses for work-related injuries.

Front 13

Which of the following benefits is a federally administered program?

Back 13

Social Security

Front 14

For an employee to gain lifetime coverage under Social Security, they must have worked for ______ quarters during which they were covered by the Act.

Back 14

40

Front 15

Unemployment insurance is usually financed by:

Back 15

employer taxes paid to both federal and state funds.

Front 16

All of the following are ways to control unemployment taxes except:

Back 16

dismiss employees "for just cause" rather than by layoffs.

Front 17

Steve has a small company with 12 employees. One of his employees, Larry, has been laid off because his work has been outsourced. Larry had health coverage through Steve's company and he wants to continue that coverage after being laid off. According to C.O.B.R.A. how long can Larry continue his coverage through Steve's Company?

Back 17

0 months

Front 18

Which of the following acts has caused HR and information technology staff considerable difficulty regarding compliance and privacy?

Back 18

HIPPA

Front 19

_____ was designed to reduce an employer's ability to deny coverage to an employee based upon a preexisting condition.

Back 19

HIPPA

Front 20

Today, _____ percent of the workforce is covered under the pension plan coverage by their employers.

Back 20

forty-nine

Front 21

The majority of defined benefit plans calculate average earnings over the last _____ years of service for a prospective retiree.

Back 21

3 to 5

Front 22

In a _____ plan an employer agrees to provide a specific level of retirement pension, which is expressed as either a fixed dollar or a percentage-of-earnings amount that may vary (increase) with years of seniority in the company.

Back 22

defined benefit

Front 23

Employer advantages of defined contribution plans versus defined benefit plans include all of the following except:

Back 23

pre-retirement contributions are smaller.

Front 24

Which of the following is not a defined contribution plan?

Back 24

Cash-back

Front 25

_____ plans are more favorable to long-term than to short-term employees.

Back 25

Traditional defined benefit

Front 26

An employer experiencing high turnover and seeking to reduce pension cost is likely to prefer:

Back 26

full vesting after three years.

Front 27

An employer seeking to use pensions to reduce turnover is likely to prefer:

Back 27

vesting 20 percent after 2 years and 20 each year thereafter.

Front 28

The first question to ask in determining how much retirement income an employer should provide is:

Back 28

What level of retirement compensation should be provided?

Front 29

An employee who changes jobs four or more times during their career will likely experience a pension approximately _____ as that of an employee whose working career is spent with one employer.

Back 29

half the size

Front 30

Roughly _____ of all employees have access to paid life insurance.

Back 30

three-fourths

Front 31

A type of general health care plan in which health services are provided for a fixed fee at a specific site is:

Back 31

an HMO.

Front 32

The type of health insurance requiring covered employees to use designated doctors and facilities is _________.

Back 32

an HMO

Front 33

The general health care plan that uses a direct contractual relationship between employers, health-care providers and third-party payers is:

Back 33

a PPO.

Front 34

_____ represent a variation on health-care delivery in which there is a direct contractual relationship between and among employers, health-care providers, and third-party payers.

Back 34

PPOs

Front 35

_____ is a hybrid health plan combining features of HMO and ____.

Back 35

Point-of-service; preferred provider organization

Front 36

All of the following are examples of methods to motivate employees to change their demand for health care except:

Back 36

promotion of preventive health plans.

Front 37

An account set up to cover part of a high health care deductible is a:

Back 37

PCA.

Front 38

Which of the following is not an example of a method to control health care costs by changing the structure of health care delivery systems?

Back 38

In-house medical teams

Front 39

Dental insurance is provided by _____ percent of all employers with above 500 employees.

Back 39

90

Front 40

The most prevalent practice these days, in place of short-term sick leave is:

Back 40

paid time off.

Front 41

The major reasons motivating U.S. corporations to provide domestic partner benefits include all of the following except:

Back 41

Federal legislation mandating these provisions

Front 42

Approximately _____ percent of employers who offer child care also offer elder care.

Back 42

50

Front 43

Contingent workers receive _____ benefits than regular workers; contingent workers' benefits cost employers _____ than regular workers.

Back 43

fewer; less