MGT 470 UNR Exam 4 questions well
answered to pass
All of the following factors are reasons for the growth of benefits EXCEPT: - correct answer ✔✔Foreign
lawsuits
Which of the following statements is true of employee benefits? - correct answer ✔✔Group insurance
has relatively easy qualification standards.
The typical employee can recall ________ percent of the benefits he or she receives - correct answer
✔✔less than 15
Surveys show that the most highly valued employee benefit is: - correct answer ✔✔medical insurance
A survey shows that most employers are responding to increased benefit costs by - correct answer
✔✔requiring employees to pay higher deductibles and copays
A benefit plan that allocates a set dollar amount to employees and allows them to select benefits is
called a ________ plan. - correct answer ✔✔a flexible benefit
Which of the following is an advantage of flexible benefit plans? - correct answer ✔✔They increase the
involvement of employees in choosing benefit plans
All of the following are advantages of flexible benefits EXCEPT: - correct answer ✔✔decreased
administrative expenses
DrenchFort Corp. is a small company that pays high wages. As its wages are high, it does not provide any
benefits. Recently, it has noticed that its employee turnover has increased, so it decides to provide
benefits to retain employees. Which of the following benefits is most likely to reduce turnover? - correct
answer ✔✔Medical coverage
, Which of the following requires individuals to maintain minimal essential health insurance coverage or
pay a penalty unless exempted for religious beliefs or financial hardship? - correct answer ✔✔The
Patient Protection and Affordable Care Act (2010)
Various studies have found that only two specific benefits curtailed employee turnover, namely
________ and ________. - correct answer ✔✔pensions; medical coverage
In an extensive review of employee preference literature, Glueck traced patterns of group preferences
for particular benefits. Identify the results of the study. - correct answer ✔✔Among the benefits
available, health/medical and stock plans are highly preferred benefits.
How many weeks of leave does the Family Medical Leave Act (1993) mandate for all workers at
companies that employ 50 or more people? - correct answer ✔✔12 weeks
________ allows employees who resign or are laid off through no fault of their own to continue receiving
health coverage under their employer's plan at a cost borne by the employee. - correct answer ✔✔The
Consolidated Omnibus Budget Reconciliation Act (1984)
One of the most preferred benefits is - correct answer ✔✔stock plans
Which of the following benefits communication methods allows for personalized communication
methods and requires current contact information? - correct answer ✔✔Use of materials
T or F: No strong data exist linking benefits level and employee productivity - correct answer ✔✔True
T or F: The first step in claims processing is to determine if the employee who is claiming the payment is
eligible for the payment benefits. - correct answer ✔✔False
T or F: The practice of administrative cost containment practice primarily focuses on providing
accommodations for employees to return to work after illness or disability. - correct answer ✔✔False
answered to pass
All of the following factors are reasons for the growth of benefits EXCEPT: - correct answer ✔✔Foreign
lawsuits
Which of the following statements is true of employee benefits? - correct answer ✔✔Group insurance
has relatively easy qualification standards.
The typical employee can recall ________ percent of the benefits he or she receives - correct answer
✔✔less than 15
Surveys show that the most highly valued employee benefit is: - correct answer ✔✔medical insurance
A survey shows that most employers are responding to increased benefit costs by - correct answer
✔✔requiring employees to pay higher deductibles and copays
A benefit plan that allocates a set dollar amount to employees and allows them to select benefits is
called a ________ plan. - correct answer ✔✔a flexible benefit
Which of the following is an advantage of flexible benefit plans? - correct answer ✔✔They increase the
involvement of employees in choosing benefit plans
All of the following are advantages of flexible benefits EXCEPT: - correct answer ✔✔decreased
administrative expenses
DrenchFort Corp. is a small company that pays high wages. As its wages are high, it does not provide any
benefits. Recently, it has noticed that its employee turnover has increased, so it decides to provide
benefits to retain employees. Which of the following benefits is most likely to reduce turnover? - correct
answer ✔✔Medical coverage
, Which of the following requires individuals to maintain minimal essential health insurance coverage or
pay a penalty unless exempted for religious beliefs or financial hardship? - correct answer ✔✔The
Patient Protection and Affordable Care Act (2010)
Various studies have found that only two specific benefits curtailed employee turnover, namely
________ and ________. - correct answer ✔✔pensions; medical coverage
In an extensive review of employee preference literature, Glueck traced patterns of group preferences
for particular benefits. Identify the results of the study. - correct answer ✔✔Among the benefits
available, health/medical and stock plans are highly preferred benefits.
How many weeks of leave does the Family Medical Leave Act (1993) mandate for all workers at
companies that employ 50 or more people? - correct answer ✔✔12 weeks
________ allows employees who resign or are laid off through no fault of their own to continue receiving
health coverage under their employer's plan at a cost borne by the employee. - correct answer ✔✔The
Consolidated Omnibus Budget Reconciliation Act (1984)
One of the most preferred benefits is - correct answer ✔✔stock plans
Which of the following benefits communication methods allows for personalized communication
methods and requires current contact information? - correct answer ✔✔Use of materials
T or F: No strong data exist linking benefits level and employee productivity - correct answer ✔✔True
T or F: The first step in claims processing is to determine if the employee who is claiming the payment is
eligible for the payment benefits. - correct answer ✔✔False
T or F: The practice of administrative cost containment practice primarily focuses on providing
accommodations for employees to return to work after illness or disability. - correct answer ✔✔False
