MGMT 3860 CH 12 EXAM QUESTIONS AND ANSWERS WITH
COMPLETE SOLUTIONS
For each dollar an employee earns, they earn _________ cents in employee
benefits.
30 cents
What act included strict provisions to safeguard employee privacy?
HIPAA
Group life insurance, in which each employee is insured one year at a time, is
called what?
Yearly renewable term insurance
An illness or accident will keep one in ____________ employees out of work for at
least a year before the age of 65.
Five
Who pays for most of the nations health care premiums?
Employers
What circumstances in which an employer needs to offer health care coverage to
avoid getting a penalty?
1. More than 50 full-time employees.
2. One employee receiving a tax credit for health coverage and premiums.
What type of health plan is a consumer driven health plan?
Health savings account
, What percent of the workforce is covered by federal and state unemployment
laws?
97%
What are benefits provided under a plan that allows employees to choose their
benefits from the alternative offered by the organization?
Cafeteria benefit
The law requires states to create and maintain health care ______, in which help
insurance providers compete for customers on equal terms.
Exchanges
What are circumstances in which an employer needs to offer health care
coverage to avoid getting a penalty?
1. One employee receiving a tax credit for health coverage premiums.
2. More than 50 full-time employees.
Identifying the objectives in communication benefits
1. Helping employees understand.
2. Making employees aware.
Identified examples of employee services.
1. Tuition aid.
2. Childcare.
What should guide decision making in the context of a total compensation
strategy?
Equity and cost control
COMPLETE SOLUTIONS
For each dollar an employee earns, they earn _________ cents in employee
benefits.
30 cents
What act included strict provisions to safeguard employee privacy?
HIPAA
Group life insurance, in which each employee is insured one year at a time, is
called what?
Yearly renewable term insurance
An illness or accident will keep one in ____________ employees out of work for at
least a year before the age of 65.
Five
Who pays for most of the nations health care premiums?
Employers
What circumstances in which an employer needs to offer health care coverage to
avoid getting a penalty?
1. More than 50 full-time employees.
2. One employee receiving a tax credit for health coverage and premiums.
What type of health plan is a consumer driven health plan?
Health savings account
, What percent of the workforce is covered by federal and state unemployment
laws?
97%
What are benefits provided under a plan that allows employees to choose their
benefits from the alternative offered by the organization?
Cafeteria benefit
The law requires states to create and maintain health care ______, in which help
insurance providers compete for customers on equal terms.
Exchanges
What are circumstances in which an employer needs to offer health care
coverage to avoid getting a penalty?
1. One employee receiving a tax credit for health coverage premiums.
2. More than 50 full-time employees.
Identifying the objectives in communication benefits
1. Helping employees understand.
2. Making employees aware.
Identified examples of employee services.
1. Tuition aid.
2. Childcare.
What should guide decision making in the context of a total compensation
strategy?
Equity and cost control
