Employee Incentives and Benefits MCQs
Employee Incentives and Benefits MCQs
Welcome to MCQss.com, your ultimate resource for multiple-choice questions on Employee Incentives and Benefits. This page is dedicated to deepening your understanding of reward programs, recognition initiatives, retirement plans, and various employee benefits.
Employee Incentives and Benefits are crucial components of Human Resource Management (HRM) that aim to motivate, engage, and enhance employee satisfaction. They encompass various programs and offerings designed to reward employees for their contributions and provide them with valuable benefits and perks.
Our interactive MCQs provide you with an opportunity to test your knowledge and comprehension of Employee Incentives and Benefits. Each question presents different scenarios and options, allowing you to choose the most appropriate answer and receive immediate feedback, helping you assess your understanding and identify areas for improvement.
1: Bonus pay is a lump sum payment, typically given to an individual at the end of a time period.
A. True
B. False
2: COBRA offer to maintain (for a period of time) on individuals who leave their employment
A. Health insurance
B. Car insurance
C. House insurance
D. None of these
3: A plan providing the retiree with a specific amount and type of benefits that will be available when the individual retires is known as
A. Defined benefit plan
B. Defined contribution plan
C. Domestic partners
D. Both a & b possible
4: Defined contribution plan amount of funds that will go into
A. Retirement account
B. Salary amount
C. Both a & b
D. None of these
5: Which of correct statement about Domestic partners
A. A plan providing only the amount of funds that will go into a retirement account
B. Individuals who are not legally married but who are in a one-to-one living arrangement similar to marriage.
C. A measure of how often claims are made against an insurance policy
D. Both b & c
6: A measure of how often claims are made against an insurance policy is known as .
A. Experience rating
B. Domestic partners
C. Defined contribution plan
D. Both a & b
7: Provision for executives who are dismissed from a merged or acquired firm of typically large lump sum payments on dismissal is known as
A. Golden parachutes
B. HMOs
C. HDHP
D. None of these
8: Health maintenance organizations provide both health maintenance services and medical care as part of the plan.
A. True
B. False
9: _____ is a “major medical” insurance plan that protects against catastrophic health care costs and in most cases is paid for by the employer
A. HDHP
B. HSA or MSA
C. PBGC
D. Both a & b
10: A plan allowing the employer and employee to fund a medical savings account is known as
A. Merit pay
B. PBGC
C. Perquisites
D. HSA or MSA
11: _______ performers with increases in their annual wage that carry over from year to year.
A. Merit pay
B. PBGC
C. Perquisites
D. High-deductible health plan
12: PBGC stands for
A. Program Budget Guidance
B. Postprandial Blood Glucose
C. Program and Budget Guidance
D. Pension Benefit Guaranty Corporation
13: Which of the correct statement about Perquisites
A. A kind of hybrid between traditional fee-for service plans and hmos.
B. Extra financial benefits usually provided to top employees in many businesses.
C. Programs that provide a portion of company proceeds over a specific period of time
D. None of these
14: ________ is a kind of hybrid between traditional fee-for service plans and hmos.
A. Preferred provider organizations
B. Perquisites
C. PBGC
D. None of these
15: Profit sharing programs provide a portion of company proceeds over a specific period of time
A. True
B. False
16: Social loafers avoid providing their ______ in group settings because it is difficult to pick out individual performance.
A. No effort
B. Minimum effort
C. Maximum effort
D. Both b & c
17: Traditional health care plans cover a ______ of fees for medical services—for either doctors or in-patient care.
A. Set average
B. Set amount
C. Set percentage
D. Both a & c
18: _______ depends on some measure of individual or group performance or results in order to be awarded.
A. Burnout
B. Vesting
C. Variable pay
D. All possible
19: Vesting is a _______ of time beyond which the employee will have unfettered access to their retirement funds
A. Maximum amount
B. Minimum amount
C. Average amount
D. All possible
20: ______ is compensation that depends on some measure of individual or group performance or results in order to be awarded.
A. Variable pay
B. Merit pay
C. Vesting
D. Golden parachutes
E. Perquisites
21: ______ is a program to reward top performers with increases in their annual wage that carry over from year to year.
A. Merit pay
B. Perquisites
C. Social loafers
D. Golden parachutes
E. Vesting
22: ______ are programs that provide a portion of company proceeds over a specific period of time (usually either quarterly or annually) to the employees of the firm through a bonus payment.
A. Merit pay
B. Vesting
C. Golden parachutes
D. Profit sharing programs
E. Perquisites
23: ______ are large lump-sum payments executives receive upon dismissal from a merged or acquired firm.
A. Merit pay
B. Golden parachutes
C. Perquisites
D. Vesting
E. PBGC
24: Sasha earns about $100,000 a year. She and her employer both pay 6.2% of Sasha’s pay into ______ by withholding the money from Sasha’s paycheck.
A. Social Security
B. Medicare
C. Unemployment insurance
D. Retirement
25: Lucy was working on a jobsite when she was injured. Her employer paid for her doctor’s visit to get stitches because of ______.
A. Social Security
B. Medicare
C. Unemployment insurance
D. Worker’s compensation
26: ______ is a maximum amount of time beyond which the employee will have unfettered access to retirement funds, both employee and employer contributions.
A. Golden parachutes
B. Defined benefit plan
C. Perquisites
D. Vesting
E. Variable pay
27: ______ is a governmental corporation established within the Department of Labor; its purpose is to insure retirement funds from failure.
A. Golden parachutes
B. Defined benefit plan
C. PBGC
D. Social loafers
E. High-deductible health plan (HDHP)
28: ______ is(are) a kind of hybrid between traditional fee-for-service health plans and HMOs.
A. Preferred provider organizations (PPOs)
B. High-deductible health plan (HDHP)
C. Golden parachutes
D. PBGC
E. Defined benefit plan
29: ______ is a “major medical” insurance plan that protects against catastrophic health-care costs and in most cases is paid for by the employer.
A. Defined benefit plan
B. High-deductible health plan (HDHP)
C. Preferred provider organizations (PPOs)
D. PBGC
E. Golden parachutes
30: A ______ plan provides the retiree with a specific amount and type of benefit that will be available when the individual retires.
A. Merit pay
B. Perquisites
C. Defined benefit plan
D. PBGC
E. Vesting
31: Nicole’s organization provides group health insurance. The plan covers “major medical” costs for each employee in any given year that total more than $10,000. Her group health insurance is a ______.
A. Fee-for-service plan
B. Health maintenance organization
C. High-deductible health plan (HDHP)
D. Health savings account service
32: Juanita’s organization offers flexible benefits. During the open enrollment period, Juanita can choose any benefits she wants. She selects several benefits, including elder care coverage to help her care for her mother. Juanita’s organization is offering a ______ flexible benefits plan.
A. Modular
B. Core-plus
C. Full-choice
D. Defined benefit
33: For every $1,000 of widgets Tanner sells, he receives a ______ of 10%.
A. Bonus
B. Commission
C. Merit pay
D. Piecework
34: In her organization’s ______ plan, Nicole is paid for each widget she produces.
A. Bonus
B. Commission
C. Merit pay
D. Piecework
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Employee Incentives and Benefits MCQs
