HRIR 3051 QUIZ 2 EXAM
LATEST 2025 QUESTIONS
AND ANSWERS
Total compensation statement - Answer-issued by companies annually or biannually to
employees that includes wage & benefit information. Quantifies total compensation for
each employee.
Issues with healthcare - Answer-Confusing, wasteful, expensive
Common Benefit Offerings - Answer-Medical, dental, vision, 401k, pension, stock
purchase, retiree medical, disability, life insurance
Self-insured - Answer-Company takes on the responsibility to pay its own claims
Fully insured - Answer-Company buys a policy with a health care insurance provider
Deductible - Answer-Amount of expenses that must be paid out of pocket before an
insurer will pay any expenses
Out-of-pocket maximum - Answer-Maximum that an employee will pay for health care
expenses in a plan year
In-network provider - Answer-a health care provider who has a contract with a managed
care insurance plan
Out-of-network provider - Answer-a health care provider who is not in a particular
managed care health insurance plan
Formulary - Answer-Medications that are approved to be prescribed under a certain
insurance policy
Factors influencing health benefit rates - Answer-Employee population size, average
age of covered population, utilization
False - Answer-There is a law that says an employer must provide benefits
Return on investment for benefits - Answer-Increased productivity, attract talent, reduce
turnover
, Procedural equity - Answer-How did you get the answer
Results equity - Answer-What is the answer
Flexible spending account - Answer-Funds dispersed as expensed or requested, must
be used in the same tax year
Health savings account - Answer-Funds are dispersed when requested, funds stay in
account until used, funds can be invested, funds can be rolled over (portable)
Wellness Programs - Answer-Encourages health behavior changes in employees,
preventative purpose
Patient Protection and Affordable Healthcare Act - Answer-No lifetime maximum limits,
report benefits on W-2, states must establish "health exchanges"
Defined Benefit (Pension) plan - Answer-Final average pay, employer/employee funded,
not portable
Defined Contribution Plan - Answer-401(k), employee contributes pre-tax, employer
may contribute/match, greater value to younger employees
Parental Leave - Answer-Not required by federal law, maternity and paternity
Employee Assistance Program - Answer-Intervention program designed to identify and
assist employees in resolving personal problems
Performance - Answer-Know what to do (behavior/results)
Consequences - Answer-Allowed to do the task
Motivation - Answer-Wants to do the work (effort, direction)
Knowledge, skills, and abilities (KSAOs) - Answer-Able to do the work
SMART Goals - Answer-Goals that are specific, measurable, achievable, realistic, time
specific
Vitality model (rank and yank) - Answer-20 (productive), 70 (work adequately), 10 (need
to be eliminated) system
Inside selling - Answer-Selling through the organization (leads, call center, customer
coming to them)
Outside selling - Answer-selling outside of company
LATEST 2025 QUESTIONS
AND ANSWERS
Total compensation statement - Answer-issued by companies annually or biannually to
employees that includes wage & benefit information. Quantifies total compensation for
each employee.
Issues with healthcare - Answer-Confusing, wasteful, expensive
Common Benefit Offerings - Answer-Medical, dental, vision, 401k, pension, stock
purchase, retiree medical, disability, life insurance
Self-insured - Answer-Company takes on the responsibility to pay its own claims
Fully insured - Answer-Company buys a policy with a health care insurance provider
Deductible - Answer-Amount of expenses that must be paid out of pocket before an
insurer will pay any expenses
Out-of-pocket maximum - Answer-Maximum that an employee will pay for health care
expenses in a plan year
In-network provider - Answer-a health care provider who has a contract with a managed
care insurance plan
Out-of-network provider - Answer-a health care provider who is not in a particular
managed care health insurance plan
Formulary - Answer-Medications that are approved to be prescribed under a certain
insurance policy
Factors influencing health benefit rates - Answer-Employee population size, average
age of covered population, utilization
False - Answer-There is a law that says an employer must provide benefits
Return on investment for benefits - Answer-Increased productivity, attract talent, reduce
turnover
, Procedural equity - Answer-How did you get the answer
Results equity - Answer-What is the answer
Flexible spending account - Answer-Funds dispersed as expensed or requested, must
be used in the same tax year
Health savings account - Answer-Funds are dispersed when requested, funds stay in
account until used, funds can be invested, funds can be rolled over (portable)
Wellness Programs - Answer-Encourages health behavior changes in employees,
preventative purpose
Patient Protection and Affordable Healthcare Act - Answer-No lifetime maximum limits,
report benefits on W-2, states must establish "health exchanges"
Defined Benefit (Pension) plan - Answer-Final average pay, employer/employee funded,
not portable
Defined Contribution Plan - Answer-401(k), employee contributes pre-tax, employer
may contribute/match, greater value to younger employees
Parental Leave - Answer-Not required by federal law, maternity and paternity
Employee Assistance Program - Answer-Intervention program designed to identify and
assist employees in resolving personal problems
Performance - Answer-Know what to do (behavior/results)
Consequences - Answer-Allowed to do the task
Motivation - Answer-Wants to do the work (effort, direction)
Knowledge, skills, and abilities (KSAOs) - Answer-Able to do the work
SMART Goals - Answer-Goals that are specific, measurable, achievable, realistic, time
specific
Vitality model (rank and yank) - Answer-20 (productive), 70 (work adequately), 10 (need
to be eliminated) system
Inside selling - Answer-Selling through the organization (leads, call center, customer
coming to them)
Outside selling - Answer-selling outside of company
