HRMN 5470 EXAM 3 QUESTIONS WITH VERIFIED
ANSWERS
What are the three categories of the discretionary benefits? - Answers - - Protection
- Paid Time Off
- Services
Provide family benefits, promote wellness, and guard against income loss caused by
such catastrophic factors as disability, serious illness, or death - Answers - Protection
Programs
Assist employees to accumulate wealth to serve as an income source throughout
retirement - Answers - Retirement Plans
Provides employees time off with pay for such events as vacations - Answers - Paid
Time Off
Provide such enhancements as tuition reimbursement and day care assistance to
employees and their families - Answers - Services
Why was the first pension plan established in 1759? - Answers - To benefit widows and
children of Presbyterian Ministers
What brought about the earliest social insurance programs? - Answers - The rapid
growth of industrialization and the Great Depression
The __________ requires that employers offer health insurance to their employees and
that if individuals do not have health insurance from employers, they should get
insurance on their own. - Answers - The Patient Protection and Affordable Care Act of
2010
What are the categories of legally required benefits? - Answers - - Social Security
Programs
- Workers Compensation
- Unpaid Family and Medical Leave
- Health Insurance
How long can individuals have insurance coverage under COBRA? - Answers - 18
Months
Executive compensation packages emphasize the ___________ rewards and deferred
compensation over __________ rewards. - Answers - Long Term / Short Term
ANSWERS
What are the three categories of the discretionary benefits? - Answers - - Protection
- Paid Time Off
- Services
Provide family benefits, promote wellness, and guard against income loss caused by
such catastrophic factors as disability, serious illness, or death - Answers - Protection
Programs
Assist employees to accumulate wealth to serve as an income source throughout
retirement - Answers - Retirement Plans
Provides employees time off with pay for such events as vacations - Answers - Paid
Time Off
Provide such enhancements as tuition reimbursement and day care assistance to
employees and their families - Answers - Services
Why was the first pension plan established in 1759? - Answers - To benefit widows and
children of Presbyterian Ministers
What brought about the earliest social insurance programs? - Answers - The rapid
growth of industrialization and the Great Depression
The __________ requires that employers offer health insurance to their employees and
that if individuals do not have health insurance from employers, they should get
insurance on their own. - Answers - The Patient Protection and Affordable Care Act of
2010
What are the categories of legally required benefits? - Answers - - Social Security
Programs
- Workers Compensation
- Unpaid Family and Medical Leave
- Health Insurance
How long can individuals have insurance coverage under COBRA? - Answers - 18
Months
Executive compensation packages emphasize the ___________ rewards and deferred
compensation over __________ rewards. - Answers - Long Term / Short Term
