Final Exam Flashcards
How long are employees required to make healthcare benefits available when employees separate from the organization?
18
Voluntary pension and health plans in private industry must meet minimum standards under the _______.
Employee Retirement Income Security Act (ERISA)
Which of the following is considered a family-friendly benefit?
A. Pension planning B. Flexible work schedules C. Mental health programs D. Legal counseling E. Automobile insurance
Flexible work schedules
A plan in which a certain amount of profits is credited to each employee’s account, payable at retirement, termination, or death, is a(n) _______.
deferred profit-sharing plan
A plan in which the employer’s contribution to an employee’s retirement savings fund is defined is known as a(n) _______.
defined contribution pension plan
Which of the following allows employees to pay for certain benefits with pretax dollars?
A. Executive perquisites B. Debit accounts C. Cafeteria benefits plans D. Core plus plans E. Flexible spending accounts
Flexible spending accounts
Which of the following provides benefits for someone who is unemployed for reasons NOT related to his or her job performance?
A. Supplemental pay benefits B. Unemployment insurance compensation C. Vacation pay D. Employee assistance program E. Workers' compensation
Unemployment insurance compensation
A benefits plan that allows employees to choose the benefits most meaningful to them, while staying within a predetermined dollar amount, is called a(n) _____.
cafeteria benefits plan
A pension plan that allows an employee to take their pension when they leave one company and roll the pension into a new employer’s plan is known as a ________ plan.
defined contribution
Malia recently hurt her back at work when she lifted a heavy box. Malia will MOST likely receive which of the following?
A. Social Security B. Pension C. Severance pay D. Unemployment insurance compensation E. Workers' compensation
Workers’ compensation
Which of the following is NOT required by federal law?
A. FMLA leave B. Vacation C. Pregnancy leave D. Unemployment compensation E. Workers' compensation
Vacation
A 401(k) is an example of a ________.
defined contribution plan
In which type of pension plan do employees know exactly what benefits they will receive when they retire?
Defined benefit plan
Which of the following would NOT be considered an executive perquisite, or executive perk?
A. Company planes B. 401(k)s C. Subsidized mortgages D. Management loans E. Relocation benefits
401(k)s
When an employee can use pretax dollars to pay for certain benefits expenses, he or she is using a(n) ________.
flexible spending account (FSA)
Which of the following provides a base salary increase tied to performance?
A. Piecework incentives B. Bonus C. Standard hour plans D. Merit pay E. Social recognition programs
Merit pay
In a(n) _______, a corporation contributes shares of its own stock to a trust in which additional contributions are made annually. The trust distributes the stock to employees on retirement or separation from service.
employee stock ownership plan
When working to increase employee engagement through the use of incentives, what do most managers believe is the key to success?
Employee involvement in developing the rewards program
Because the point of an incentive program is to motivate a person to perform better, incentive plans should be used when _______.
effort and results are directly related
Deci found that extrinsic rewards can, at times, undermine a person’s _______.
intrinsic motivation
A plan in which salespeople receive both salary and commissions, with a sizable salary component, is known as a _______.
combination plan
According to the expectancy theory, motivation is dependent on three things, one of which is the perceived connection between performance and obtaining the reward, known as _______.
instrumentality
