1. The Economic Growth and Tax Relief Reconciliation Act of 2001 allows for catch-up contributions for employees age ________ and older.
A) 40 B) 50 C) 60 D) 63
2. Which of the following is one that encourages individual employee self esteem?
A) Intrinsic reward B) Non-monetary compensation C) Extrinsic reward D) Monetary compensation
3. Tax withholding is to the _______________ stage of the employment life cycle as COBRA benefits are to the ____________ stage of the employment life cycle.
A) Pre-, mid- B) Beginning, middle C) Beginning, ending D) Pre-, post
4. A reduced FMLA leave schedule means which of the following?
A) Accurate records of time off are maintained. B) The employee is absent from work multiple times for the same illness or injury. C) The employee works fewer hours each day or week. D) The employee's leave schedule is disruptive to the work schedule. E) Accurate records of time off are maintained. F) The employee is absent from work multiple times for the same illness or injury.
5. Which of the following would be the best choice of a profit-sharing plan if the employer wishes to improve organizational productivity through shared management and employee efforts?
A) nuses B) Gainsharing C) Improshare D) Employee Stock Purchase Plan
1. Right Answer: B Explanation: Answer option B is correct.EGTRRA made a number of changes to existing contribution limits, including the allowance for older workers to catch up on their retirement savings.Chapter: Compensation and BenefitsObjective: Review Questions
2. Right Answer: A Explanation: Answer option A is correct.Chapter: Compensation and BenefitsObjective: Total Rewards Defined
3. Right Answer: C Explanation: Answer option C is correct.The life cycle of all compensation-related employment records is marked by specific data collection and documentation. Understanding what documents are required at each stage will allow HR to properly plan for security, updates, retention, and destruction. The other answers are not reflected in the organizational life cycle.Chapter: Compensation and BenefitsObjective: Review Questions
4. Right Answer: C Explanation: Answer option C is correct.A reduced FMLA leave is one in which the employee's regular work schedule is reduced by some number of hours per day or days per week. An intermittentFMLA leave (B) is one in which an employee is absent from work multiple times for the same illness or injury. Disruption to the work schedule (D) is not a factor in the type of FMLA leave. Although accurate records of time off (A) should be maintained for all FMLA leaves, they are most critical for intermittent leaves.Chapter: Compensation and BenefitsObjective: Review Questions
5. Right Answer: B Explanation: Answer option B is correct.A key component of a gainsharing plan is the shared responsibility of outcomes between management and employees. Productivity is reviewed, new performance is measured, and both work groups share in the gain. ESPPs, bonuses and improshare (D, A, C) all could be used, but are not specifically grown around the concept of shared responsibility between management and employees.Chapter: Compensation and BenefitsObjective: Review Questions
Leave a comment