Chapter 9 - Total Rewards

Question 1

Which does an EAP NOT support?

Accepted Answer

poor job performance

Question 2

There are 3 primary objectives when communicating the value of the benefits plan. Which is NOT one?

Accepted Answer

suggest the better benefits for individuals

Question 3

Which is NOT a fundamental design issue when creating a benefits program?

Accepted Answer

Long service payments

Question 4

CRA stands for...

Accepted Answer

Canada Revenue Agency

Question 5

Many companies choose to withhold employer-sponsored employee benefits for all probationary employees.

Accepted Answer

True

Question 6

Part-time employees have less access to benefits than full-time employees.

Accepted Answer

True

Question 7

Payments of long-term disability benefits usually begin after 3 - 6 months of disability & continue for a specified time

Accepted Answer

True

Question 8

With the legalization of marijuana, six percent of Canadian employers cover the costs of medical marijuana.

Accepted Answer

True

Question 9

Why is eldercare becoming more prevalent?

Accepted Answer

People are living longer than before

Question 10

Another name for a "Flexible benefits plan" is...

Accepted Answer

Cafeteria plan

Question 11

Union workers tend to have lesser access to employer-sponsored benefits than do non-union employees.

Accepted Answer

False

Question 12

Bereavement leave is covered in paid time-off policies.

Accepted Answer

False

Question 13

Why do companies use a "probationary period"?

Accepted Answer

To ensure they have made the right hiring decision

Question 14

Which is NOT a service provided by outplacement assistance?

Accepted Answer

money management

Question 15

Family assistance programs provide...

Accepted Answer

childcare and eldercare

Question 16

Which is NOT included as a temporary (short-term) condition leading to short-term disability?

Accepted Answer

Caring for an ill family member

Question 17

Wellness programs aim to...

Accepted Answer

promote physical and psychological help

Question 18

"Outplace assistance" is provided to employees who have been...

Accepted Answer

laid-off or terminated

Question 19

Which is NOT a way employer-sponsored benefits can add strategic value?

Accepted Answer

lowering the turnover

Question 20

The "Pension Benefits Standards Act" addresses matters of employers'...

Accepted Answer

disclosure duties, funding of benefits, and vesting rights

Question 21

Outplacement assistance is best suited to employees who have lost their job for which of the following reasons?

Accepted Answer

M&As, plant closures, economic hardship

Question 22

After employees select benefits, the company should provide them with...

Accepted Answer

personal benefits statements

Question 23

Employer-sponsored life insurance plans also frequently include...

Accepted Answer

accidental death and dismemberment claims

Question 24

Noncontributory financing of benefits implies that the...

Accepted Answer

company assumes total costs of each employer-sponsored benefit

Question 25

The greater a company's contribution to employees' pension plan payments, the less tax they pay.

Accepted Answer

True

Question 26

Employer-sponsored benefits can undermine the imperatives of strategic compensation.

Accepted Answer

True

Question 27

Healthcare Spending Accounts permit...

Accepted Answer

employees to pay for certain benefits expenses with pre-tax earnings

Question 28

Benefits account for what percentage of total payroll?

Accepted Answer

35%

Question 29

Long-term plans impose two waiting periods:

Accepted Answer

pre-eligibility period and elimination period.

Question 30

Retirement plans assist employees to...

Accepted Answer

accumulate wealth as an income source throughout retirement.

Question 31

Paid time off banks...

Accepted Answer

combine sick leave, holidays, vacation, etc. into one policy

Question 32

EAP stands for...

Accepted Answer

Employee assistance program

Question 33

Who do new employees usually meet with after choosing benefits?

Accepted Answer

benefits administrator

Question 34

Mgmt can use employer-sponsored benefits offerings to promote particular employee behaviors that have strategic value.

Accepted Answer

True

Question 35

Life Insurance pays...

Accepted Answer

a specified amount to an employee’s beneficiaries upon the employee’s death

Question 36

Which is NOT an example of a Protection Program?

Accepted Answer

Paid Time Off

Question 37

Employers are required to offer some benefits to employees.

Accepted Answer

False

Question 38

What is the most common life insurance covered by companies?

Accepted Answer

Term life insurance

Question 39

I should review the "Action Checklist" for HRM regarding benefits: 9.5

Accepted Answer

True

Question 40

The term "own occupation" applies to employees based on...

Accepted Answer

education, training, or experience.

Question 41

Which is NOT a qualified reason for a long-term disability insurance plan?

Accepted Answer

Family dependents

Question 42

Should I learn the 3 benefits of Volunteerism?

Accepted Answer

True

Question 43

The benefit of an EAP is that it reduces the cost of employee turnover, absenteeism, and medical costs.

Accepted Answer

True

Question 44

Which is NOT a function of protection programs?

Accepted Answer

provide counselling

Question 45

Under contributory financing, the company and its employees do not share the costs.

Accepted Answer

False

Question 46

Paid time-off banks...

Accepted Answer

combine vacation, sick leave and holidays, etc. into one policy

Question 47

Most short-term disability plans pay employees ________ of their pretax salary on a monthly or weekly basis.

Accepted Answer

50 - 70%

Question 48

Short-term disability plans usually consider disability as...

Accepted Answer

an inability to do any & every duty of the disabled person’s occupation

Question 49

The Government Annuities Act of 1908 was designed to...

Accepted Answer

encourage Canadians to save for retirement

Question 50

Sabbatical leave is taken for...

Accepted Answer

professional activities such as research

Question 51

Companies implement Cafeteria Plans to deal with challenges regarding...

Accepted Answer

diversity

Question 52

Volunteerism is taking unpaid leave to support a meaningful cause.

Accepted Answer

False

Chapter 9 - Total Rewards

Questions 52

Chapter 9 - Total Rewards

Questions 52