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