HRM & Benefits Vince Sweeney Final Questions With
Complete Solutions
1) A Section 125 Flexible Benefit Plan allows choice between
pay and benefits without current "taxation" but requires that the
choice be made:
A) Prior to start of plan year
B) After the start of the plan year
C) Anytime during the plan year
D) Section 125 does not allow for choice Correct Answers A)
Prior to start of plan year
1) Paid Time-Off (PTO) benefits are different from other forms
of employee benefits because:
B) The requirement for calculating unfunded liability does not
apply
C) There are no out of pocket costs unless paid out
D) There are no federal, state or other tax withholding
requirements Correct Answers C) There are no out of pocket
costs unless paid out
,1) The average premium cost for an employee only health care
plan in 2022 was $8,435 What percentage do employees
generally pay?
A) 13%
B) 17%
C) 23%
D) 28% Correct Answers B) 17%
1) When thinking of outsourcing, what is the primary driver for
organizations:
A) A greater need for technical and regulatory expertise in house
B) Outsourcer has ability to standardize benefit program
offerings across many organizations
C) HR becomes a business partner by getting transactions off the
desk
D) Outsourcing because everyone else is doing it Correct
Answers C) HR becomes a business partner by getting
transactions off the desk
1) When thinking of the need for work life benefits, which of the
following is "not" a driving factor for employers?
A) Aging of the population and the baby boomers
,B) More women in the workplace
C) Greater family income and increased debt
D) Shorter work weeks and improved talent pools Correct
Answers D) Shorter work weeks and improved talent pools
1) Why do employers offer health care?
A) Higher productivity and lower absenteeism
B) Increased morale and loyalty
C) Develop healthy and secure workforce
D) All of the above Correct Answers D) All of the above
10) From HR's perspective, when it comes to benefit programs,
what would you "not" want to hear?
A) Met and unmet employee needs
B) Satisfaction or dissatisfaction with individual parts and/or
total benefits package
C) What tradeoffs employees might be willing to make when
changes are necessary
, D) That everything is going great, keep up the good work
Correct Answers D) That everything is going great, keep up the
good work
10) Health care is primarily employer based. What percentage of
people are covered through an employer provided plan?
A) 44%
B) 54%
C) 64%
D) 74% Correct Answers B) 54%
10) Indemnity programs fell out of favor with employers
because:
A) It was the most expensive approach to providing health care
B) It had a number of restrictive access provisions
C) It had utilization management programs that upset employees
D) It is still favored by a large majority of employers Correct
Answers A) It was the most expensive approach to providing
health care
10) Medicaid is for lower income individuals and their families.
Medicaid is:
Complete Solutions
1) A Section 125 Flexible Benefit Plan allows choice between
pay and benefits without current "taxation" but requires that the
choice be made:
A) Prior to start of plan year
B) After the start of the plan year
C) Anytime during the plan year
D) Section 125 does not allow for choice Correct Answers A)
Prior to start of plan year
1) Paid Time-Off (PTO) benefits are different from other forms
of employee benefits because:
B) The requirement for calculating unfunded liability does not
apply
C) There are no out of pocket costs unless paid out
D) There are no federal, state or other tax withholding
requirements Correct Answers C) There are no out of pocket
costs unless paid out
,1) The average premium cost for an employee only health care
plan in 2022 was $8,435 What percentage do employees
generally pay?
A) 13%
B) 17%
C) 23%
D) 28% Correct Answers B) 17%
1) When thinking of outsourcing, what is the primary driver for
organizations:
A) A greater need for technical and regulatory expertise in house
B) Outsourcer has ability to standardize benefit program
offerings across many organizations
C) HR becomes a business partner by getting transactions off the
desk
D) Outsourcing because everyone else is doing it Correct
Answers C) HR becomes a business partner by getting
transactions off the desk
1) When thinking of the need for work life benefits, which of the
following is "not" a driving factor for employers?
A) Aging of the population and the baby boomers
,B) More women in the workplace
C) Greater family income and increased debt
D) Shorter work weeks and improved talent pools Correct
Answers D) Shorter work weeks and improved talent pools
1) Why do employers offer health care?
A) Higher productivity and lower absenteeism
B) Increased morale and loyalty
C) Develop healthy and secure workforce
D) All of the above Correct Answers D) All of the above
10) From HR's perspective, when it comes to benefit programs,
what would you "not" want to hear?
A) Met and unmet employee needs
B) Satisfaction or dissatisfaction with individual parts and/or
total benefits package
C) What tradeoffs employees might be willing to make when
changes are necessary
, D) That everything is going great, keep up the good work
Correct Answers D) That everything is going great, keep up the
good work
10) Health care is primarily employer based. What percentage of
people are covered through an employer provided plan?
A) 44%
B) 54%
C) 64%
D) 74% Correct Answers B) 54%
10) Indemnity programs fell out of favor with employers
because:
A) It was the most expensive approach to providing health care
B) It had a number of restrictive access provisions
C) It had utilization management programs that upset employees
D) It is still favored by a large majority of employers Correct
Answers A) It was the most expensive approach to providing
health care
10) Medicaid is for lower income individuals and their families.
Medicaid is:
