SHRM CH 6 questions with verified
solutions
Coverage for Workers Compensation can be in the form of - correct answer ✔✔-Commercial insurance
-State funded
-Risk Pools
-Self insurance
Small employers - correct answer ✔✔Usually buy workers compensation insurance
Large Employers - correct answer ✔✔may self fund and/or self-administer workers compensation
Workers comp- employees get same benefits but - correct answer ✔✔the difference is in administration
and cost
Wage loss - correct answer ✔✔a percentage of the wages that the employee lost for time out of work
Permanent Total disability - correct answer ✔✔can never do job
Permanent partial disability - correct answer ✔✔can never do some jobs
Temporary total disability - correct answer ✔✔for now, can't do any jobs
Temporary Partial Disability - correct answer ✔✔For now, can't do some jobs
Risk avoidance - correct answer ✔✔don't do operations that require employees
risk financing - correct answer ✔✔how to pay for it
, loss prevention - correct answer ✔✔reduce the possibility of worker injuries
Loss Reduction - correct answer ✔✔reduce the cost of injuries
Telecommuting - correct answer ✔✔Working at home by using a computer terminal electronically linked
to one's place of employment.
Could there be an overlap between worker's compensation and unemployment insurance - correct
answer ✔✔Usually not
HMO - correct answer ✔✔health maintenance organization
PPO - correct answer ✔✔preferred provider organization
POS - correct answer ✔✔Point of Service
4 Components of Dental Plans - correct answer ✔✔1. Preventive and Diagnostic
2. Basic Services
3. Major Services
4. Orthodontia
Employee Assistance Plans (EAPs) - correct answer ✔✔Provide professional counseling through a third
party provider
COBRA - correct answer ✔✔employers must allow employees to continue their health care benefits if
coverage is lost due to qualifying event
4 Types fo Social Security Benefits - correct answer ✔✔OA- retirement income in 'old age'
S- survivor income
solutions
Coverage for Workers Compensation can be in the form of - correct answer ✔✔-Commercial insurance
-State funded
-Risk Pools
-Self insurance
Small employers - correct answer ✔✔Usually buy workers compensation insurance
Large Employers - correct answer ✔✔may self fund and/or self-administer workers compensation
Workers comp- employees get same benefits but - correct answer ✔✔the difference is in administration
and cost
Wage loss - correct answer ✔✔a percentage of the wages that the employee lost for time out of work
Permanent Total disability - correct answer ✔✔can never do job
Permanent partial disability - correct answer ✔✔can never do some jobs
Temporary total disability - correct answer ✔✔for now, can't do any jobs
Temporary Partial Disability - correct answer ✔✔For now, can't do some jobs
Risk avoidance - correct answer ✔✔don't do operations that require employees
risk financing - correct answer ✔✔how to pay for it
, loss prevention - correct answer ✔✔reduce the possibility of worker injuries
Loss Reduction - correct answer ✔✔reduce the cost of injuries
Telecommuting - correct answer ✔✔Working at home by using a computer terminal electronically linked
to one's place of employment.
Could there be an overlap between worker's compensation and unemployment insurance - correct
answer ✔✔Usually not
HMO - correct answer ✔✔health maintenance organization
PPO - correct answer ✔✔preferred provider organization
POS - correct answer ✔✔Point of Service
4 Components of Dental Plans - correct answer ✔✔1. Preventive and Diagnostic
2. Basic Services
3. Major Services
4. Orthodontia
Employee Assistance Plans (EAPs) - correct answer ✔✔Provide professional counseling through a third
party provider
COBRA - correct answer ✔✔employers must allow employees to continue their health care benefits if
coverage is lost due to qualifying event
4 Types fo Social Security Benefits - correct answer ✔✔OA- retirement income in 'old age'
S- survivor income
