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5 Written questions

5 Matching questions

  1. Vesting
  2. Fee-for-service health-care plan
  3. Salary compression
  4. 403(b) plans
  5. Line-of-sight
  1. a Process by which a retirement benefit becomes nonforfeitable
  2. b Plans that allow employees of certain tax-exempt organizations to contribute pretax dollars toward retirement savings
  3. c Concept that states that employees must be able to influence the attainment of a goal and see a direct result of their efforts in order for incentive pay plans to be effective
  4. d Full-choice health-care plan that allows covered employees to go to any qualified physician or hospital and submit claims to the insurance company; also known as indemnity health-care plan
  5. e Occurs when there is only a small difference in pay between employees regardless of their skills, experience, or seniority; also known as pay compression

5 Multiple choice questions

  1. Act that made significant changes in employee benefit programs, especially retirement plans
  2. Form of direct compensation where employers pay for performance beyond normal expectations to motivate employees to perform at higher levels
  3. Tax credit to encourage employers to hire people from targeted groups
  4. Nonqualified deferred compensation plan that provides retirement benefits to select group of management or highly compensated employees
  5. Act that provides employees with up to 12 weeks of unpaid leave to care for family members or because of a serious health condition of the employee

5 True/False questions

  1. Sarbanes-Oxley Act (SOX)Act that extended concept of prevailing wage to employers who manufacture or supply goods under government contracts and required time and a half


  2. Securities and Exchange ActSet of benefits provided to employees who are terminated for some reason other than cause


  3. Out-of-pocket maximumAct that defines what is included as hours worked and is therefore compensable and a factor in calculating overtime


  4. EmployeesWorkers who are covered by Fair Labor Standards Act regulations as determined by the IRS


  5. Point-factor methodPay that employees receive when they are on call but not actually working


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