41. Base pay:
a) is at-risk
b) provides employees with a sense of security and provides a minimum guaranteed reward for joining an organization
c) is highly effective as a motivator
d) is not required to comply with minimum wage laws
42. Job-based analysis:
a) uses a point system to evaluate the worth of jobs and thereby determine base pay
b) tends to be more biased than other methods of evaluating jobs
c) provides employees with lower compensation when the tasks they do require more knowledge and skill
d) provides an incentive for employees to learn new skills
43. Which organization would be most likely to have a larger percentage of total compensation at risk?
a) an organization with a Bargain Laborer HR strategy
b) an organization with a Loyal Soldier HR strategy
c) an organization with a lowest cost provider strategy
d) an organization with a differentiation strategy
44. All of the following are true about employee benefits EXCEPT:
a) employee benefits include monetary salary
b) employee benefits are not at risk
c) employee benefits provide an important component of compensation for organizations with an internal labor orientation
d) some employee benefits are required by law
45. Which of the following is NOT true of legally mandated benefits?
a) legally required benefits are not usually a good means to make employment more attractive than working for a competitor
b) legally required benefits are within employees’ line of sight
c) legally required benefits include social security, unemployment insurance and worker’s compensation
d) legally required benefits are not at-risk compensation
46. Which of the following is NOT true about unemployment insurance?
a) unemployment insurance operates under federal guidelines and is administered by the states
b) in order to qualify for unemployment insurance an individual must have been employed for a minimum time period (usually a year)
c) all organizations in a state pay the same percentage of compensation for unemployment insurance
d) in order to continue receiving benefits, individuals must demonstrate that they are actively seeking employment
47. Which of the following is NOT true about worker’s compensation benefits?
a) a percentage of weekly wages is paid to employees during the time when they are unable to work because of an accident
b) worker’s compensation is paid for work-related injuries only when an employee was following all prescribed work processes when an accident occurred
c) money is paid to workers who are permanently disabled
d) medical expenses are paid to injured workers
48. Benefit plans that meet the regulations necessary for tax exemption status:
a) are known as qualified benefit plans
b) are known as legally required benefits
c) are regulated by the states
d) are known as tax deductible plans
49. Which of the following is NOT a downside of Health Maintenance Organizations (HMOs)?
a) employees enrolled in HMOs are limited to using the providers that participate in the plan
b) there is concern that in their quest to reduce costs, HMOs ration services
c) the medical providers who participate in HMOs can be limited because providers elect not to participate in the HMO
d) costs to employees are usually greater with HMOs than traditional health care plans
50. Which of the following is NOT true about health savings accounts (HSAs)?
a) a health savings account is established and owned by the employee
b) an HSA must be set up through an employer
c) money placed into an HSA is not subject to federal income taxes
d) money placed in an HSA can be carried over from year to year