MNGT 361 - Exam 4 with answers |\ |\ |\ |\ |\ |\
Employee benefits are a/an - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\
✔✔indirect reward for employees |\ |\ |\
Betty is interviewing for a job with two different firms in
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the same industry in the same industry and city. The job
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
description and salary are identical. In one company the |\ |\ |\ |\ |\ |\ |\ |\ |\
job will be unionized. The other company is non-union.
|\ |\ |\ |\ |\ |\ |\ |\ |\
Betty can expect that: - CORRECT ANSWERS ✔✔the
|\ |\ |\ |\ |\ |\ |\ |\
unionized firm will have more generous benefits. |\ |\ |\ |\ |\ |\
Of all the benefits paid by employers, on average _____
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
make up the largest proportion of costs. - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔health insurance |\ |\
The most constructive way to view benefits is: - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔a tool for competitive advantage
|\ |\ |\ |\ |\ |\
A flexible benefits plan: - CORRECT ANSWERS ✔✔allows
|\ |\ |\ |\ |\ |\ |\ |\
employees to select the benefits they prefer from groups |\ |\ |\ |\ |\ |\ |\ |\ |\
of benefits established by the employer.
|\ |\ |\ |\ |\
, A problem with flexible benefits plans is _____, a situation
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
in which only higher-risk employees select certain
|\ |\ |\ |\ |\ |\ |\
benefits, such as health insurance, and lower-risk
|\ |\ |\ |\ |\ |\ |\
employees do not select these benefits. - CORRECT |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔adverse selection |\ |\
A "personal statement of benefits" - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔shows each employee how much his/her benefits are |\ |\ |\ |\ |\ |\ |\ |\
worth in dollars |\ |\
To be eligible for workers' compensation, the worker must
|\ |\ |\ |\ |\ |\ |\ |\
- CORRECT ANSWERS ✔✔suffer a work-related injury or
|\ |\ |\ |\ |\ |\ |\ |\ |\
illness
Rapid increases in the costs of health benefits are having
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
all of the following effects EXCEPT: - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔causing employers to lobby for national, universal |\ |\ |\ |\ |\ |\ |\
health insurance |\
Wanda has medical insurance through her employer.
|\ |\ |\ |\ |\ |\ |\
Whenever she visits the physical therapist for a knee |\ |\ |\ |\ |\ |\ |\ |\ |\
injury, she is charged $25. Her employer's insurance
|\ |\ |\ |\ |\ |\ |\ |\
covers the rest of the $150 fee. This is an example of: -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔a co-payment |\ |\ |\
Employee benefits are a/an - CORRECT ANSWERS |\ |\ |\ |\ |\ |\ |\
✔✔indirect reward for employees |\ |\ |\
Betty is interviewing for a job with two different firms in
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the same industry in the same industry and city. The job
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
description and salary are identical. In one company the |\ |\ |\ |\ |\ |\ |\ |\ |\
job will be unionized. The other company is non-union.
|\ |\ |\ |\ |\ |\ |\ |\ |\
Betty can expect that: - CORRECT ANSWERS ✔✔the
|\ |\ |\ |\ |\ |\ |\ |\
unionized firm will have more generous benefits. |\ |\ |\ |\ |\ |\
Of all the benefits paid by employers, on average _____
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
make up the largest proportion of costs. - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔health insurance |\ |\
The most constructive way to view benefits is: - CORRECT
|\ |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔a tool for competitive advantage
|\ |\ |\ |\ |\ |\
A flexible benefits plan: - CORRECT ANSWERS ✔✔allows
|\ |\ |\ |\ |\ |\ |\ |\
employees to select the benefits they prefer from groups |\ |\ |\ |\ |\ |\ |\ |\ |\
of benefits established by the employer.
|\ |\ |\ |\ |\
, A problem with flexible benefits plans is _____, a situation
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
in which only higher-risk employees select certain
|\ |\ |\ |\ |\ |\ |\
benefits, such as health insurance, and lower-risk
|\ |\ |\ |\ |\ |\ |\
employees do not select these benefits. - CORRECT |\ |\ |\ |\ |\ |\ |\ |\
ANSWERS ✔✔adverse selection |\ |\
A "personal statement of benefits" - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
✔✔shows each employee how much his/her benefits are |\ |\ |\ |\ |\ |\ |\ |\
worth in dollars |\ |\
To be eligible for workers' compensation, the worker must
|\ |\ |\ |\ |\ |\ |\ |\
- CORRECT ANSWERS ✔✔suffer a work-related injury or
|\ |\ |\ |\ |\ |\ |\ |\ |\
illness
Rapid increases in the costs of health benefits are having
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
all of the following effects EXCEPT: - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\
✔✔causing employers to lobby for national, universal |\ |\ |\ |\ |\ |\ |\
health insurance |\
Wanda has medical insurance through her employer.
|\ |\ |\ |\ |\ |\ |\
Whenever she visits the physical therapist for a knee |\ |\ |\ |\ |\ |\ |\ |\ |\
injury, she is charged $25. Her employer's insurance
|\ |\ |\ |\ |\ |\ |\ |\
covers the rest of the $150 fee. This is an example of: -
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
CORRECT ANSWERS ✔✔a co-payment |\ |\ |\
