Compensation Study guides, Class notes & Summaries

PSI Life, Accident & Health Questions & Answers How long after being entitled to disability benefits will an individual be eligible to receive Medicare benefits? A. immediately B. 1 year C. 2 years D. At age 65 Correct Answer: 2 years The group conversion option is allowed for all of the following EXCEPT A. termination of the master policy. B. loss of group coverage due to termination of employment. C. upon the loss of eligibility on the part of a class of insureds. D. during t...

PHR-CA Exam 145 Questions with Verified Answers Accident - CORRECT ANSWER Unplanned sequence of events that results in undesirable consequences Alternative workweek - CORRECT ANSWER Any regularly scheduled workweek requiring an employee to work more than eight hours in a 24-hour period Adverse employment action - CORRECT ANSWER Employment action (such as termination, demotion, etc.) that either materially affects the terms and conditions of employment or would deter an individual from e...

Texas All-Lines Adjuster Pre-Licensing Course Final Exam A severe thunderstorm damaged a policyholder's residence. He called and asked how long it would be before he receives payment for his claim. Which of the following would NOT be an appropriate response? - correct answer We have 6 months to reach a final settlement with you. Janelle has just graduated college and is interested in becoming an adjuster. she would like to be able to handle any type of claim. The most comprehensive type of ...

AAPC CPB Chapter 11 Review Practice Questions 2024. A Medicare patient presents with an injury sustained at his part-time job. His injury status is verified by his company. After services are rendered, in what order are the claims submitted? a. The worker's compensation is primary, and Medicare is secondary b. Either may be filed first, whichever pays better c. Medicare is primary, and Worker's compensation is secondary d. The patient must pay for services and files claims him...

HRCI: SPHR/PHR Exam 120 Questions with Verified Answers Davis-Bacon Act - CORRECT ANSWER Requires contractors using federal funds to pay wages and fringe equal to or greater than the local market wage What is the HR Significance of the Davis-Bacon Act? - CORRECT ANSWER Applies if receiving federal funds for work or projects Walsh-Healey Act - CORRECT ANSWER Establishes the time-and-a-half overtime rule for hours in excess of 40 in a week for nonexempt employees What is the HR Signifi...

Which of the following bonds guarantees that the contractor has paid the subcontractor? A. Bid bond B. Performance bond C. Payment bond D. James bond - Correct Answer-Payment Bond 2. The _____________ method recognizes income when the employer has done the work, yet has not received the income. NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Test Questions And Answers | Latest Update 2024/2025 (GRADED) pg. 2 professoraxe l A. Accrual B. Ap...

PRACTICE TEST- PROPERTY AND CASUALTY INSURANCE WASHINGTON STATE. QUESTIONS AND ANSWERS, GRADED A+/ Punitive damages are intended to do all of the following EXCEPT 1. compensate for actual financial losses. 2. discourage others from doing wrong. 3. discipline the insured. 4. make an example of bad behavior. - -compensate for actual financial losses When an insured selects symbol 2 on the automobile declarations, indicating coverage for any auto titled to the insured, which of th...

2 CORRECT ANSWER How many members of the board are consumers? right to work CORRECT ANSWER what laws secure the right of employees to decide if they wish to support or join a union? Consideration CORRECT ANSWER __________ is anything of value Social Security Card CORRECT ANSWER which of the following establishes an employee's eligibility to leagally work in the united states? foul language CORRECT ANSWER which of the following should not be tolerated at a job site? 2 CORRECT ANSW...

A Licensee may not earn compensation when there license - VIP - Answer-is INACTIVE or EXPIRED A Licensee can receive compensation that was earned WHEN - VIPterm-0 - Answer-the license was current and active even if inactive of expired after A BIC may NOT pay a licensee's ENTITY - Answer-unless the entity has a firm license. A Licensee can share commission with parties BUT - Answer-1) Must be in writing - as part of the agreement 2) Must be subject to Lender Approval in case of loans...

What are the benefits of Budgeting? - Answer-1. Control of your Expenses (Revenue Ratio) Expenses > Revenue = LOSSES 2. Coordinate Activities (Budget for ALL Departments and activities) Develop a budget for all major HR 3. Set some performance standards (Goal for Sales and Operational Budgets) 4. Evaluation Tool (Deviation Analysis +- Comparison to actual results to planned (budgeted) 5. Corrective & Remedial control (Take necessary action to prevent future over expenditures or under s...