Question 1

Providing employees with iPhones,laptops,or other tools they need to get their jobs done in any location is known as workplace flexibility.

Accepted Answer

Workplace flexibility involves providing employees with the tools they need to work from any location, such as smartphones, laptops, or other devices.

Question 2

Studies indicate that employee assistance programs most frequently provide help with personal mental health issues and family problems.

Accepted Answer

Studies have shown that the most common issues addressed by employee assistance programs are personal mental health problems and family issues.

Question 3

Since leaves associated with the Family and Medical Leave Act do not require employers to pay salaries,employers are not financially affected.

Accepted Answer

While employers are not required to pay salaries during FMLA leave, they may still be financially affected in terms of workload, finding and training temporary replacement workers, and potential costs associated with providing healthcare benefits during the leave.

Question 4

The Consolidated Omnibus Budget Reconciliation Act requires the government to provide health insurance to terminated or retired employees and their families through the Medicare system.

Accepted Answer

The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires employers to offer continuation of group health insurance to terminated or retired employees and their families at their own cost for a limited time period, usually 18-36 months. It does not provide health insurance through the Medicare system.

Question 5

The more flexible a work schedule,the greater the effectiveness of the program.

Accepted Answer

Studies have found that highly flexible programs are actually less effective than less flexible ones.

Question 6

There is no limit to the amount an employee can contribute pre-tax into a 401(k)plan each year.

Accepted Answer

There is a limit to the amount an employee can contribute pre-tax into a 401(k) plan each year, as determined by the IRS. For 2021, the limit is $19,500 for those under 50 years old, and $26,000 for those 50 and older.

Question 7

When groups of employees accept a temporary reduction in work hours in order to prevent layoffs,the employees are job sharing.

Accepted Answer

Job sharing allows two or more people to share a single full-time job. Work sharing refers to a temporary reduction in work hours by a group of employees during economic downturns as a way to prevent layoffs.

Question 8

Employers are prohibited from inquiring about an applicant's past workers' compensation history by the Americans with Disabilities Act.

Accepted Answer

The Americans with Disabilities Act prohibits employers from inquiring about an applicant's past workers' compensation history.

Question 9

When employers offer domestic partner benefits to employees,it means that employees' same-sex domestic partners are eligible to receive the same benefits as do the husband,wife,or legal dependent of one of the firm's employees.

Accepted Answer

When employers offer domestic partner benefits, it means that the same-sex domestic partners of employees are eligible for the same benefits as the spouse or legal dependent of an employee.

Question 10

Firms that subsidize day care centers are hoping to recruit employee,reduce absenteeism,decrease turnover,and improve morale.

Accepted Answer

By subsidizing day care centers, firms are hoping to provide a benefit that will help attract and retain employees, as well as reduce instances of absenteeism due to child care issues. Additionally, the availability of on-site day care can improve morale by reducing stress and providing peace of mind for working parents.

Question 11

Disability insurance provides income protection for salary loss due to illness or accident.

Accepted Answer

Disability insurance provides protection by replacing a portion of the income lost due to an illness or injury.

Question 12

Portability makes it easy for employees who leave one firm to work for another firm to take their accumulated pension funds with them.

Accepted Answer

Portability allows employees to transfer their pension funds from one firm to another, making it easier for them to carry their retirement savings with them when they change jobs. This also gives employees more flexibility and control over their retirement savings.

Question 13

A primary benefit of 401(k)plans is that payments made by employees into the plan are pretax,so the employee pays no tax on those dollars until after he or she retires or withdraws the money.

Accepted Answer

This statement is true, as contributions made to a traditional 401(k) plan are made with pre-tax dollars, meaning the employee's taxable income is reduced by the amount contributed. Taxes on the contributions and their earnings are deferred until the employee withdraws the funds in retirement.

Question 14

The Medicare Modernization Act allows employers to establish tax-free health savings accounts.

Accepted Answer

The Medicare Modernization Act of 2003 did allow for the creation of tax-free health savings accounts (HSAs) for individuals covered under high-deductible health insurance plans. This was intended to help individuals save money on healthcare expenses while also encouraging them to take a more active role in managing their own healthcare.

Question 15

In most states,workers' compensation benefits have no time limit,so injured employees may receive monetary and medical compensation for the duration of their employment.

Accepted Answer

Most states have a time limit-such as 500 weeks-for which benefits can be paid.

Question 16

The Pension Benefits Guarantee Corporation guarantees both defined benefit plans and defined contribution plans.

Accepted Answer

ERISA established the Pension Benefits Guarantee Corporation (PBGC)to oversee and insure a pension if a plan terminates without sufficient funds. The PBGC guarantees only defined benefit plans, not defined contribution plans.

Question 17

If an employee is injured at work due to a blatant disregard for company safety policies,the company is not required to pay workers' compensation.

Accepted Answer

In most cases, if an employee is injured at work, the company is required to pay workers' compensation regardless of whether the injury was caused by a blatant disregard for safety policies. However, there are some exceptions depending on the specific circumstances and state laws.

Question 18

Social Security provides health benefits to terminated employees and their families for 18 months following the employee's separation from the firm.

Accepted Answer

Social Security does not provide health benefits to terminated employees. COBRA (Consolidated Omnibus Budget Reconciliation Act) may allow terminated employees to continue their health coverage for a specified period of time, but they would have to pay the full premium themselves.

Question 19

Flextime for most employees typically involves one hour of leeway before 9 am or after 5 pm.

Accepted Answer

Flextime typically allows for employees to arrive up to an hour late or leave up to an hour early from their regular start and end times, giving them more flexibility in their work schedule.

Question 20

In addition to the funds contributed by employers,each state also contributes to funds for workers' compensation.

Accepted Answer

Every state has its own workers' compensation law and commission, and some run their own insurance programs. However, most require employers to carry workers' compensation insurance with private, state-approved insurance companies. Neither the state nor the federal government contributes any funds for workers' compensation.

Quiz 13: Benefits and Services