Final Exam Dr. Z!!
_____ is the most frequently used medium for communicating employee benefits.
An employee benefit handbook
The first issue in setting up a benefits package is:
Finding out who should be protected or benefited.
All of the following factors are reasons for the growth of benefits EXCEPT: unions. cost effectiveness of benefits. government impetus. foreign lawsuits
Foreign lawsuits
Which of the following is a benefit under Social Security? A. Lump-sum death payments B. Job security C. Work/life balance D. Overtime pay
Lump-sum death payments
In a _____ plan, an employer agrees to provide a specific level of retirement pension, which is expressed as either a fixed dollar or a percentage-of-earnings amount that may vary (increase) with years of seniority in the company.
defined benefit
A management strategy of giving separate organization units the responsibility to design and administer their own compensation systems is _____
known as a decentralized strategy