Managing Employee Benefits and Services
A plan to accommodate employees’ preferences of planning for benefit, classified as
cafeteria benefit plans
fixed benefit plans
flexible benefit plans
both a and c
flexible benefit plans
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The types of pension plans includeA. contributory versus noncontributory
B. defined contribution versus defined benefit
C. qualified versus non-qualified
D. all of above
The type of benefits which are made available to employees to retain employees is classified as
A. voluntary benefits
B. involuntary benefits
C. funding benefits
D. mandated benefits
The benefits provided in certain industries by the employers in unexpected conditions are classified as
A. supplemental unemployment benefits
B. supplemental employment benefits
C. optional employment benefits
D. optional unemployment benefits
The benefits paid for time not worked are also called
A. compensation law benefits
B. supplemental pay benefits
C. optional pay benefits
D. unemployment pay benefits
The type of managed care plan in which health care service providers give services on prepaid basis for fixed period of time is classified as
A. health maintenance organizations
B. non preferred provider organization
C. preferred provider organizations
D. defined maintenance organization
The types of benefits available to employees include
A. government mandated benefits
B. voluntary benefits
C. involuntary benefits
D. both A and B
A pension plan, an employer’s acknowledgement of financial standing of employee’s account, placing percentage on the basis of annual compensation and interest, regarded as
A. cash balance plan
B. severance pay plan
C. early retirement window plan
D. employee stock ownership plan
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