Deck 9: Discretionary Benefits

Question 1

Companies that offer long-term disability insurance plans only require an elimination period that runs how long?

A)12-18 months
B)1-2 months
C)8-12 months
D)3-6 months

Answer 1

D

Question 2

By what percentage have total healthcare expenditures risen since 1960?

A)100%
B)500%
C)2000%
D)5000%

Answer 2

D

Question 3

Which of the following is a characteristic of integrated paid time off policies?

A)Such policies distinguish among reasons for absence.
B)Individuals have to justify reason for taking time off.
C)Holiday,vacation,sick leave,and personal leave are combined.
D)Can lead to increased unscheduled absences.

Answer 3

C

Question 4

The giving of one's time to support a meaningful cause is better known as what?

A)volunteerism
B)self-service
C)cause-oriented efforts
D)social empowerment

Question 5

Employer sponsored disability plans supplement legally required benefits established by which law?

A)COBRA
B)ERISA
C)NLRA
D)OASDI

Question 6

Which of the following is a feature of short-term disability plans?

A)preexisting conditions
B)inclusion provisions
C)partial disabilities inclusion
D)waiting period

Question 7

Discretionary benefits are generally divided into which three categories?

A)health benefits,intellectual enhancements,paid time-off
B)pension benefits,protection programs,health benefits
C)services,paid time-off,protection programs
D)intellectual enhancements,health benefits,services

Question 8

This policy allows employees to schedule time off without having to justify the reasons and is more effective in controlling absenteeism than other types of absence control policies.

A)personal paid time off
B)social service leaves
C)sick leaves
D)integrated paid time off

Question 9

You broke your neck at work.The company called to inform you that they had to switch your benefits from the short-term disability account to the long-term disability account.Based on this decision,how long have you been off work?

A)6 months
B)12 months
C)1 month
D)18 months

Question 10

Which of the following is an aspect of voluntary leaves to meet business needs?

A)given in times of downsizing
B)they are paid leaves
C)given in times of low production
D)they are extended periods of time off

Question 11

Which of the following is an example of a welfare practice?

A)overtime pay
B)regular wages
C)workers' compensation laws
D)employee recreational areas

Question 12

Long-term disability benefits usually pay employees which range of monthly pretax salary?

A)10% to 20%
B)30 %to 45%
C)50% to 70%
D)80% to 95%

Question 13

What is the most common type of life insurance policy offered by companies?

A)group life insurance
B)term life insurance
C)whole life insurance
D)universal insurance

Question 14

XYZ Company provides a program for its employees who need help dealing with the effects of domestic violence.XYZ Company can offer this kind of service through which of the following programs?

A)family assistance program
B)employee assistance program
C)wellness program
D)employer assistance program

Question 15

In 2010,discretionary benefits accounted for as much as what percentage of an employer's total payroll costs?

A)21.5%
B)50.0%
C)60.5%
D)75.0%

Question 16

Which of the following is NOT a condition manifesting short-term disability?

A)pregnancy
B)recovery from surgery
C)recovery from illness
D)recovery from major injuries

Question 17

Self-inflicted wounds and drug dependency are generally considered as what in most short-term disability insurance plans?

A)partial disability provisions
B)exclusion provisions
C)elimination provisions
D)preexisting conditions

Question 18

Which of the following is true about providing paid time off for volunteer services?

A)They often help promote the company's overall image in the public eye.
B)They have a negative correlation with employee retention.
C)They make it more difficult to balance work and life demands.
D)They take away from commitment to the company.

Question 19

Unscheduled absenteeism has climbed to its highest levels in XYZ Company last month.In order to reduce the costs associated with unscheduled absenteeism,HR professionals in XYZ Company decided to change their paid time off policy.This company used to grant each employee 10 vacation days,5 paid days for sick leave,and 4 days for personal leave.With the new policy,this company combines vacation,sick leave,and personal leave policies into one single paid time off policy (i.e.,19 days).The management decided to keep funeral leave as a stand-alone policy.What is XYZ Company's new policy called?

A)integrated paid time off
B)combined paid time off
C)sabbatical leave
D)volunteer leave

Question 20

Which of the following conditions is a mental or physical disability for which medical advice,diagnosis,care,or treatment was received during a designated period preceding the beginning of disability insurance coverage?

A)preeligibility condition
B)exclusive condition
C)eliminating condition
D)preexisting condition

Question 21

________ replaces income for employees who become unable to work because of sicknesses or accidents.

Question 22

Employers sponsor ________ to promote employees' physical and psychological health.

Question 23

XYZ Company tries to influence employee food choices by stocking vending machines with nutritional food.They also offer programs to teach stress reduction techniques.What kind of discretionary benefit program does this company sponsor?

A)family assistance program
B)employee assistance program
C)wellness program
D)employer assistance program

Question 24

The ________ is the time between the initial date of hire and the time that coverage in a disability insurance program begins.

Question 25

Retirement programs,or ________,provide income to employees and their beneficiaries during some or all of their retirement.

Question 26

________ are paid time off for professional activities,such as a research project or a curriculum development.

Question 27

Outplacement assistance programs are best suited for which condition?

A)new plant openings
B)mergers and acquisitions
C)workforce increases
D)global operations

Question 28

________ are career and personal programs designed to develop the job-hunting skills and strategies of employees being laid off or terminated.

Question 29

Which of the following is a strategic purpose fulfilled by discretionary benefits?

A)accommodating a diverse workforce
B)becoming similar to competing firms
C)encouraging employee entitlements
D)keeping a fixed workforce

Question 30

The approximate annual cost of employee assistance programs (EAPs)is usually no more than how much?

A)$200
B)$100
C)$60
D)$10

Question 31

________ programs help bring employees to the workplace and back home again by using more energy-efficient forms of transportation.

Question 32

An ________ refers to the minimum amount of time that an employee must wait after becoming disabled before disability insurance payments begin.

Question 33

This type of flexible work schedule allows employees to work four 10-hour days a week.

A)flextime
B)compressed work week
C)job sharing
D)relaxed work standards

Question 34

Full or partial reimbursement of training costs is which type of benefit?

A)financial assistance
B)employee assistance
C)tuition reimbursement
D)sabbatical leave

Question 35

In the 1940s and 1950s,companies began offering ________ as an alternative to pay hikes in order to motivate employees through greater work benefits.

Question 36

Referrals to on-site child care or elder care centers and company-sponsored day care programs are examples of which type of service?

A)employee assistance programs
B)family assistance programs
C)day care
D)cessation programs

Question 37

Which of the following would be considered an act as part of a company's wellness program?

A)putting a soda machine in the break room
B)giving out cigars to expecting fathers
C)offering anti-smoking courses
D)giving employees free pizza at lunch

Question 38

________ life insurance gives protection to the beneficiaries of employees based on the insurance feature of term life insurance and a more flexible savings or cash accumulation plan than found in whole life insurance plans.

Question 39

Smoking cessation,stress reduction,and weight loss programs are examples of which type of employee benefit program?

A)employee assistance
B)employee welfare
C)wellness
D)employee education

Question 40

Due to a recent merger with another major airline,ABC Airlines decided to layoff some of its employees.ABC Airlines offers training sessions to teach job search and interviewing techniques to those laid off employees.What kind of service was provided by this airline?

A)employee assistance program
B)tuition reimbursement
C)wellness program
D)outplacement assistance

Question 41

How are integrated paid time off policies different than holiday,vacation,sick leave,and personal leave policies?

Question 42

What are the implications of discretionary benefits for strategic compensation?

Question 43

Define three types of life insurance.