Compensation and Benefits – Module 8 Exam Practice Questions with Answers

Compensation and Benefits – Module 8 Exam

Question 1 points

An employer-sponsored benefits program is most effective when the workforce is
relatively similar in terms of needs and preferences

Question options:


True


False

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Question 2 points

The Federal Government places a limit on the maximum allowable amount.

Question options:


True


False

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This is feedback for 'TRUE'

Question 3 points

The Medicare programs requires equal employer and employee contributions under the
Federal Insurance Contributions Act.

Question options:


True


False

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Question 4 points

_____ creates uncertainty about whether minimum wage rates will increase, and, if
increased, by what amount.

Question options:


Political debates


Business and labor lobbying efforts


Both A and B


Market

Question 5 points

Mexico's occupational minimum wage applies to:

Question options:


Occupations that require greater skill, knowledge or experience.


Blue Collar occupations


White collar occupations


Governmental jobs

Question 6 points

What are the 3 funding options for funding workers' compensation?

Question options:


State funds


Private insurance carriers


Self-insured policies

, All of the above

Question 7 points

The compensation-productivity gap refers to the gap between real hourly compensation
and labor productivity and whether workers' pay is keeping up with productivity.

Question options:


True


False

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Question 8 points

Germany has two types of collective agreements, they include;

Question options:


Association agreements


Company agreements


Both A and B


Government agreements

Question 9 points

FMLA provides up to how many weeks of leave?

Question options:


12 weeks


6 Month


1 Year