PFI 4101- Unit 2 Participation Questions
Which of the following is an example of an employer-sponsored retirement account?
401K
Before negotiating your compensation you should consider
All of the answers
Tax advantages were created to encourage certain financial goals. Which of the following allow(s) us to benefit from tax advantages?
All of the choices
All of the following are examples of nonsalary benefits EXCEPT
Comission
Before negotiating a job offer you should consider all of the following EXCEPT
Comparing your offer to the salary of other employees with more experience/education
Employer, government, and individual retirement plans are essentially the same.
False
If the potential employer tells you that salary is non-negotiable, then the negotiation process is over and you need to either accept or decline their offer.
False
It is most often suggested that you should bring up salary and compensation in the first interview as it is the most important aspect in evaluating a job offer.
False
While employee benefits are very important, they should not be a factor when considering job options.
False
Flextime, or flexible work hours, is an example of a _____ benefit.
Soft
Which of the following best describe(s) the benefits of working for a large firm when compared with a small firm
There is a greater variety of training programs and career paths
A job offer includes information on the benefits, the compensation, and the opportunities for advancement.
True
If the benefits package isn't what you expected, you should consider negotiating a higher salary with your future employer.
True
Knowing how to ask questions about compensation in an interview is one of the most important skills in job seeking.
True
Knowing how to conduct yourself in an interview is one of the most important skills in job seeking.
True
Professional tax preparers may be lawyers, accountants, personal financial planners, or tax consultants.
True
Salary, geographic location, and retirement package are all important factors to consider when comparing job offers.
True
The first interview is one of the worst times to ask about compensation.
True
When evaluating the health insurance offered by an employer some important factors to consider include: Deductible, coinsurance, premiums, and out of pocket maximum.
True
Private health care financing that is funded by employers is called a
health reimbursement account (HRA)