1. The giving of one's time to support a meaningful cause is better known as ____________.
a. volunteerism
b. self-service
c. cause-oriented efforts
d. social empowerment
2. This type of flexible work schedule allows employees to work four, 10-hour days a week.
a. flextime
b. compressed work week
c. job sharing
d. relaxed work standards
3. This type of discretionary benefit allows an employee to get help dealing with the affects of
domestic violence.
a. family assistance program
b. employee assistance program
c. wellness program
d. employer assistance program
4. Which of the following is an example of a welfare practice?
a. overtime pay
b. regular wages
c. workers' compensation laws
d. employee recreational areas
5. Which of the following is NOT a condition of short-term disability?
a. pregnancy
b. recovery from surgery
c. recovery from illness
d. recovery from major injuries
6. Which of the following is true about providing paid time off for volunteer services?
a. They often help promote the company's overall image in the public eye.
b. They have a negative correlation with employee retention.
c. They make it more difficult to balance work and life demands.
d. They take away from commitment to the company.
7. Companies that offer long-term disability insurance plans only require an elimination period that
runs how long?
a. 12-18 months
b. 1-2 months
c. 8-12 months
d. 3-6 months
8. This is a mental or physical disability for which medical advice, diagnosis, care, or treatment
was received during a designated period preceding the beginning of disability insurance
coverage.
a. preeligibility condition
b. exclusive condition
c. eliminating condition
d. preexisting condition
9. What type of pension plan commonly includes profit-sharing plans, stock bonus plans, and
employee stock ownership plans?
a. defined benefit
b. defined contribution
c. deferred contribution
d. deferred benefit
10. This term refers to the percentage of the health bill the insured employee is required to pay.
a. coinsurance
b. co-admission
c. co-premiums
d. co-payment
11. This type of consumer driven health care program allows employees to carry-over the unused
funds still in their account.
a. health reimbursement account
b. health savings account
c. flexible spending account
d. flexible savings account
12. What specifies the rate at which participants accumulate benefits?
a. accrual rules
b. combination procedures
c. Sarbanes-Oxley
d. build-up rules
13. According to the provisions in her health insurance plan with Get Well Insurance, Ursula's
coinsurance payment would be $50 if she goes to Dr. Kitt, but will only be $25 if she goes to
Dr. Matthew. She probably belongs to what type of insurance plan?
a. point-of-service plan (POS)
b. preferred provider organization (PPO)
c. health maintenance organization (HMO)
d. fee-for-service plan
14. A new employee comes into your office and asks you how many hours a year he has to work to
qualify as a year towards his vesting requirements. What would you tell him?
a. 800
b. 1,000
c. 1,400
d. 1,200
15. What is coinsurance?
a. both parents have employer-sponsored insurance coverage for their children
b. two insurance companies combine to offer a group policy to an employer
c. the amount an employee has to pay out-of-pocket before the insurance kicks in
d. the percentage of covered expenses paid by the insured
16. These types of insurance plans are set up to cover things like dental care, vision care, and
prescription drugs.
a. flexible savings plans
b. flexible services accounts
c. carve-out plans
d. health services accounts
17. This type of defined contribution plan, also known as a CODA, permits only private sector or
tax-exempt employers' employees to tax defer part of their compensation to the trust of a
qualified plan.
a. 401(k) plan
b. profit sharing plan
c. gain sharing plan
d. incentive plan
18. Chuck broke his leg at work and was told he needed to get physical rehabilitation. How long,
after the incident, does he have to file a claim?
a. 2 - 5 years
b. 1 - 3 months
c. 3 - 6 months
d. 6 - 24 months
19. Thelma is on the Medicare Prescription Drug Program and has just spent over $5,100 out-of-
pocket on medications. How much of the prescription costs will Medicare now cover for her?
a. 67%
b. 100%
c. 50%
d. 95%
20. Medicare Part A is based on what type of health care option?
a. preferred provider plan
b. medical savings account
c. managed care plan
d. fee-for-service
21. This Medicare Plan was established with the passage of the Balanced Budget Act of 1997 as
an alternative to the original program (parts A&B).
a. Medicare Select
b. Medicare Prescription Drug Program
c. Medicare Advantage
d. Medigap
22. MomPop's General Store can avoid paying workers' compensation taxes if it keeps its staff to
less than how many employees?
a. 12
b. 50
c. 100
d. 25
23. Under the Family and Medical Leave Act, for Pierre to take time off to take care of his wife and
new child, how many hours would he have had to work in the previous 12 months?
a. 1,000
b. 1,250
c. 1,600
d. 800
24. Which of these is NOT covered under workers' compensation?
a. chronic unemployment
b. occupational disease
c. death
d. injury
25. The first 4 quarters of the last 5 completed calendar quarters in the previous year is the base
period for which benefit?
a. OASDI
b. Medicare Part A
c. unemployment insurance
d. workers' compensation
b. self-service
c. cause-oriented efforts
d. social empowerment
2. This type of flexible work schedule allows employees to work four, 10-hour days a week.
a. flextime
b. compressed work week
c. job sharing
d. relaxed work standards
3. This type of discretionary benefit allows an employee to get help dealing with the affects of
domestic violence.
a. family assistance program
b. employee assistance program
c. wellness program
d. employer assistance program
4. Which of the following is an example of a welfare practice?
a. overtime pay
b. regular wages
c. workers' compensation laws
d. employee recreational areas
5. Which of the following is NOT a condition of short-term disability?
a. pregnancy
b. recovery from surgery
c. recovery from illness
d. recovery from major injuries
6. Which of the following is true about providing paid time off for volunteer services?
a. They often help promote the company's overall image in the public eye.
b. They have a negative correlation with employee retention.
c. They make it more difficult to balance work and life demands.
d. They take away from commitment to the company.
7. Companies that offer long-term disability insurance plans only require an elimination period that
runs how long?
a. 12-18 months
b. 1-2 months
c. 8-12 months
d. 3-6 months
8. This is a mental or physical disability for which medical advice, diagnosis, care, or treatment
was received during a designated period preceding the beginning of disability insurance
coverage.
a. preeligibility condition
b. exclusive condition
c. eliminating condition
d. preexisting condition
9. What type of pension plan commonly includes profit-sharing plans, stock bonus plans, and
employee stock ownership plans?
a. defined benefit
b. defined contribution
c. deferred contribution
d. deferred benefit
10. This term refers to the percentage of the health bill the insured employee is required to pay.
a. coinsurance
b. co-admission
c. co-premiums
d. co-payment
11. This type of consumer driven health care program allows employees to carry-over the unused
funds still in their account.
a. health reimbursement account
b. health savings account
c. flexible spending account
d. flexible savings account
12. What specifies the rate at which participants accumulate benefits?
a. accrual rules
b. combination procedures
c. Sarbanes-Oxley
d. build-up rules
13. According to the provisions in her health insurance plan with Get Well Insurance, Ursula's
coinsurance payment would be $50 if she goes to Dr. Kitt, but will only be $25 if she goes to
Dr. Matthew. She probably belongs to what type of insurance plan?
a. point-of-service plan (POS)
b. preferred provider organization (PPO)
c. health maintenance organization (HMO)
d. fee-for-service plan
14. A new employee comes into your office and asks you how many hours a year he has to work to
qualify as a year towards his vesting requirements. What would you tell him?
a. 800
b. 1,000
c. 1,400
d. 1,200
15. What is coinsurance?
a. both parents have employer-sponsored insurance coverage for their children
b. two insurance companies combine to offer a group policy to an employer
c. the amount an employee has to pay out-of-pocket before the insurance kicks in
d. the percentage of covered expenses paid by the insured
16. These types of insurance plans are set up to cover things like dental care, vision care, and
prescription drugs.
a. flexible savings plans
b. flexible services accounts
c. carve-out plans
d. health services accounts
17. This type of defined contribution plan, also known as a CODA, permits only private sector or
tax-exempt employers' employees to tax defer part of their compensation to the trust of a
qualified plan.
a. 401(k) plan
b. profit sharing plan
c. gain sharing plan
d. incentive plan
18. Chuck broke his leg at work and was told he needed to get physical rehabilitation. How long,
after the incident, does he have to file a claim?
a. 2 - 5 years
b. 1 - 3 months
c. 3 - 6 months
d. 6 - 24 months
19. Thelma is on the Medicare Prescription Drug Program and has just spent over $5,100 out-of-
pocket on medications. How much of the prescription costs will Medicare now cover for her?
a. 67%
b. 100%
c. 50%
d. 95%
20. Medicare Part A is based on what type of health care option?
a. preferred provider plan
b. medical savings account
c. managed care plan
d. fee-for-service
21. This Medicare Plan was established with the passage of the Balanced Budget Act of 1997 as
an alternative to the original program (parts A&B).
a. Medicare Select
b. Medicare Prescription Drug Program
c. Medicare Advantage
d. Medigap
22. MomPop's General Store can avoid paying workers' compensation taxes if it keeps its staff to
less than how many employees?
a. 12
b. 50
c. 100
d. 25
23. Under the Family and Medical Leave Act, for Pierre to take time off to take care of his wife and
new child, how many hours would he have had to work in the previous 12 months?
a. 1,000
b. 1,250
c. 1,600
d. 800
24. Which of these is NOT covered under workers' compensation?
a. chronic unemployment
b. occupational disease
c. death
d. injury
25. The first 4 quarters of the last 5 completed calendar quarters in the previous year is the base
period for which benefit?
a. OASDI
b. Medicare Part A
c. unemployment insurance
d. workers' compensation
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