CEBS GBA - Module 1 EXAM QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED
Addition of benefits as an offset to higher labor
Fringe Benefits
"Virtually any form of
compensation other than
Broad View direct wages"
Benefits that stem from an employment
relationship, not
Limited (Narrow) View underwritten or paid for
directly by the
government
Business, tax legislation,
Reasons for growth in collective bargaining,
Employee Benefit efficiency of the
Plans approach
Administered by the
Labor Management NLRB, requires good
Relations Act (Taft faith bargaining between
Hartley Act) employers and
, employees in the
matters of hours,
wages, and working
conditions.
Employees started
moving to employers in
Effect of the Industrial Cities, the grouping of
Revolution employees made it easier
to cover all employees
under one contract.
Employer benefits are
convenient and simple.
Wages were limited due
to the government,
Effect of World War employee benefits
II were deemed as
compensation.
Only certain groups are eligible (a specific
company's employees),
Group Technique steady flow of lives (cost
increases as age
increases), minimum
number of lives.
, Organized system for
analyzing audience,
Functional Approach participants exposure
to risk, focused on
employee needs, reducing company loss, and
being thoughtful of cost
parameters, originated in
1967 by George C.
Foust.
Uncertainty when thinking
in terms of a 'loss' (Loss
Risk referring to the
insurance of a decrease
in value). Eg. Illness,
death, disability,
unemployment, cost of
medical bills .
The cause of
personal/property loss,
Peril destruction, or damage.
A condition that
increases the probability
Hazard of a peril occurring or
that can increase the
loss in the event of a
SOLUTIONS VERIFIED
Addition of benefits as an offset to higher labor
Fringe Benefits
"Virtually any form of
compensation other than
Broad View direct wages"
Benefits that stem from an employment
relationship, not
Limited (Narrow) View underwritten or paid for
directly by the
government
Business, tax legislation,
Reasons for growth in collective bargaining,
Employee Benefit efficiency of the
Plans approach
Administered by the
Labor Management NLRB, requires good
Relations Act (Taft faith bargaining between
Hartley Act) employers and
, employees in the
matters of hours,
wages, and working
conditions.
Employees started
moving to employers in
Effect of the Industrial Cities, the grouping of
Revolution employees made it easier
to cover all employees
under one contract.
Employer benefits are
convenient and simple.
Wages were limited due
to the government,
Effect of World War employee benefits
II were deemed as
compensation.
Only certain groups are eligible (a specific
company's employees),
Group Technique steady flow of lives (cost
increases as age
increases), minimum
number of lives.
, Organized system for
analyzing audience,
Functional Approach participants exposure
to risk, focused on
employee needs, reducing company loss, and
being thoughtful of cost
parameters, originated in
1967 by George C.
Foust.
Uncertainty when thinking
in terms of a 'loss' (Loss
Risk referring to the
insurance of a decrease
in value). Eg. Illness,
death, disability,
unemployment, cost of
medical bills .
The cause of
personal/property loss,
Peril destruction, or damage.
A condition that
increases the probability
Hazard of a peril occurring or
that can increase the
loss in the event of a
