CEBS GBA1 Exam VERSION 3 NEWEST 2025-2026
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW VERSION!!
Inland Steel - CORRECT ANSWER- A 1948 NLRB legal case that stipulated the duty to
bargain in good faith over wages; also included insurance and fringe benefits such
as pension
W.W. Cross & Co. v. National Labor Relations Board - CORRECT ANSWER- A NLRB case
that ruled that 'wages' in good faith bargaining include health and accident plans
Taft-Hartley Act - CORRECT ANSWER- An alternative name for the Labor Management
Relations Act
Labor Management Relations Act - CORRECT ANSWER- This act set the framework for
good-faith collective bargaining over wages, hours, working conditions, terms of
employment, and benefits
,Categories of persons covered by employee benefit plans - CORRECT ANSWER- A
stipulation of categories of individuals that will be covered in a benefit plan.
Categories can be based on employment status and dependent status.
Non-contributory benefit plans - CORRECT ANSWER- A benefit funding option where
the employer pays all the cost
Contributory benefit plans - CORRECT ANSWER- A benefit funding approach where
the employer and employees share the cost
Functional approach - CORRECT ANSWER- A systematic method of analysis of an
employer's benefit program that analyzes the program's ability to meet
participants' needs, manage loss exposures, and fit compensation and cost
parameters
Broad view of employee benefits - CORRECT ANSWER- Any form of compensation
other than direct wages paid to employees
Narrow view of employee benefits - CORRECT ANSWER- Any form of compensation
other than direct wages that results from the employment relationship that is not
underwritten or paid by the government
Social Security, Medicare, unemployment insurance, workers compensation -
CORRECT ANSWER- A legally mandated benefit paid by the employer that is excluded
in the narrow view
, Total compensation philosophy - CORRECT ANSWER- A program that includes all
types of employer-offered compensation, long-term incentives, and employee
benefits
Compensation/service-oriented philosophy - CORRECT ANSWER- A benefit
philosophy that ties salary or pay levels of employees to their tenure
Benefits/needs-oriented approach - CORRECT ANSWER- A benefit philosophy where
the employer focuses on the needs of the participants
Serious loss exposures - CORRECT ANSWER- Disability, death, and property damage
insurance can all be provided to employees to prevent what?
Replacement ratio - CORRECT ANSWER- The formula used to determine the level of
retirement or disability pay an employee may receive expressed as a percentage
Protection-orientated benefits - CORRECT ANSWER- Benefits that are provided to
protect employees and dependents against financial loss including life insurance
and disability income have this type of orientation
Accumulation-oriented benefits - CORRECT ANSWER- What type of orientation do
pension plans, profit-sharing plans, and other savings-type plans that reward
employees for length of service have?
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW VERSION!!
Inland Steel - CORRECT ANSWER- A 1948 NLRB legal case that stipulated the duty to
bargain in good faith over wages; also included insurance and fringe benefits such
as pension
W.W. Cross & Co. v. National Labor Relations Board - CORRECT ANSWER- A NLRB case
that ruled that 'wages' in good faith bargaining include health and accident plans
Taft-Hartley Act - CORRECT ANSWER- An alternative name for the Labor Management
Relations Act
Labor Management Relations Act - CORRECT ANSWER- This act set the framework for
good-faith collective bargaining over wages, hours, working conditions, terms of
employment, and benefits
,Categories of persons covered by employee benefit plans - CORRECT ANSWER- A
stipulation of categories of individuals that will be covered in a benefit plan.
Categories can be based on employment status and dependent status.
Non-contributory benefit plans - CORRECT ANSWER- A benefit funding option where
the employer pays all the cost
Contributory benefit plans - CORRECT ANSWER- A benefit funding approach where
the employer and employees share the cost
Functional approach - CORRECT ANSWER- A systematic method of analysis of an
employer's benefit program that analyzes the program's ability to meet
participants' needs, manage loss exposures, and fit compensation and cost
parameters
Broad view of employee benefits - CORRECT ANSWER- Any form of compensation
other than direct wages paid to employees
Narrow view of employee benefits - CORRECT ANSWER- Any form of compensation
other than direct wages that results from the employment relationship that is not
underwritten or paid by the government
Social Security, Medicare, unemployment insurance, workers compensation -
CORRECT ANSWER- A legally mandated benefit paid by the employer that is excluded
in the narrow view
, Total compensation philosophy - CORRECT ANSWER- A program that includes all
types of employer-offered compensation, long-term incentives, and employee
benefits
Compensation/service-oriented philosophy - CORRECT ANSWER- A benefit
philosophy that ties salary or pay levels of employees to their tenure
Benefits/needs-oriented approach - CORRECT ANSWER- A benefit philosophy where
the employer focuses on the needs of the participants
Serious loss exposures - CORRECT ANSWER- Disability, death, and property damage
insurance can all be provided to employees to prevent what?
Replacement ratio - CORRECT ANSWER- The formula used to determine the level of
retirement or disability pay an employee may receive expressed as a percentage
Protection-orientated benefits - CORRECT ANSWER- Benefits that are provided to
protect employees and dependents against financial loss including life insurance
and disability income have this type of orientation
Accumulation-oriented benefits - CORRECT ANSWER- What type of orientation do
pension plans, profit-sharing plans, and other savings-type plans that reward
employees for length of service have?
