CEBS - GBA 1 MODULE 1 EXAM QUESTIONS AND ANSWERS
WITH COMPLETE SOLUTIONS VERIFIED
The broad view defines employee benefits as
anything other than direct
1.1 Distinguish compensation, including both
between the broad government-mandated benefits and
view and the narrow private plans. (social security, pension
view of employee plans etc.). The narrow view holds that
benefits employee benefits
are any benefit sponsored unilaterally or
jointly by employers and employees that
is not subsidized by the government.
• Legally required benefits (Social Security)
• Payment for time not worked (rest, lunch,
1.2 List the categories vacation, and holidays)
of benefits that • Medical
generally are • Retirement & savings plan payments
considered to fall
• Miscellaneous benefits (employee
under a broad view
discounts, severance pay, education,
employee benefits
and child care)
1.3 What benefits Those that are legally mandated (Social Security
are typically and workers' compensation)
excluded when the
,term "employee
benefits" is
viewed and defined
in a narrow sense?
2.1 Explain the So businesses may attract & retain
types of capable employees. Good benefit plans
businesses- or foster corporate efficiency,
human resource- productivity, and improve employee
related reasons for morale.
firms establishing
employee benefit
plans
Through the practice of collective
bargaining labor unions have had an
2.2 What impact impact on the growth of employee
have labor unions benefit plans. In 1948 the NLRB ruled in
historically had in the Inland Steel case that the duty to
employee benefits? bargain in good faith over wages also
included insurance and fringes such as
pension benefits. Following that, in the
W.W. Cross & Co. case, the NLRB ruled
that wages included health and
accident plan.
The Labor-Management Relations Act,
also called the Taft-Hartley Act, sets forth
2.3 Explain the the framework for good-faith collective
, significance of the bargaining over wages, hours,
Taft- conditions and terms of employment and
Hartley Act in employee benefits. It established the
employee benefit distinction between retirement benefits
planning. and welfare benefits. It also provides
framework for
administration of those benefits. It's the
legal basis on which jointly trusteed
benefit plans are founded.
WITH COMPLETE SOLUTIONS VERIFIED
The broad view defines employee benefits as
anything other than direct
1.1 Distinguish compensation, including both
between the broad government-mandated benefits and
view and the narrow private plans. (social security, pension
view of employee plans etc.). The narrow view holds that
benefits employee benefits
are any benefit sponsored unilaterally or
jointly by employers and employees that
is not subsidized by the government.
• Legally required benefits (Social Security)
• Payment for time not worked (rest, lunch,
1.2 List the categories vacation, and holidays)
of benefits that • Medical
generally are • Retirement & savings plan payments
considered to fall
• Miscellaneous benefits (employee
under a broad view
discounts, severance pay, education,
employee benefits
and child care)
1.3 What benefits Those that are legally mandated (Social Security
are typically and workers' compensation)
excluded when the
,term "employee
benefits" is
viewed and defined
in a narrow sense?
2.1 Explain the So businesses may attract & retain
types of capable employees. Good benefit plans
businesses- or foster corporate efficiency,
human resource- productivity, and improve employee
related reasons for morale.
firms establishing
employee benefit
plans
Through the practice of collective
bargaining labor unions have had an
2.2 What impact impact on the growth of employee
have labor unions benefit plans. In 1948 the NLRB ruled in
historically had in the Inland Steel case that the duty to
employee benefits? bargain in good faith over wages also
included insurance and fringes such as
pension benefits. Following that, in the
W.W. Cross & Co. case, the NLRB ruled
that wages included health and
accident plan.
The Labor-Management Relations Act,
also called the Taft-Hartley Act, sets forth
2.3 Explain the the framework for good-faith collective
, significance of the bargaining over wages, hours,
Taft- conditions and terms of employment and
Hartley Act in employee benefits. It established the
employee benefit distinction between retirement benefits
planning. and welfare benefits. It also provides
framework for
administration of those benefits. It's the
legal basis on which jointly trusteed
benefit plans are founded.
