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Human Resource Management Practice Test: Indirect Financial Compensation (Benefits) and Non-financial Compensation
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Human Resource Management Practice Test: Indirect Financial Compensation (Benefits) and Non-financial Compensation
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25 Questions

1. Michael works as an engineer in Arizona, but he has been offered a better position with RayCo, a firm in Minnesota. RayCo will ship the family's belongings to Minnesota and will provide Michael and his family with temporary housing for three months. Which of the following best describes the type of compensation offered by RayCo?
2. Rodrigo is employed as a window washer for multiple skyscrapers in Chicago. Rodrigo receives additional pay for working under extremely dangerous conditions. Rodrigo most likely earns ________.
3. Through her employer, Jillian is able to purchase vision and dental insurance at a reduced rate. Jillian's employer pays any administrative fees. Jillian's employer most likely offers ________.
4. Eliot receives overtime compensation when he works on Sundays and holidays in his job as a warehouse manager. Which of the following does Eliot most likely receive?
5. If two part-time people split the duties of one job and are paid according to their contributions then they are most likely participating in ________.
6. Which of the following permits employees to make yearly selections to largely determine their compensation package by choosing between taxable cash and numerous benefits?
7. Margaret's husband, who worked as an accountant, recently died from a heart attack while on vacation. Which of the following would most likely be provided to Margaret?
8. Jeff lost his job in November 2010. According to COBRA, Jeff may keep his employer's health care coverage until ________.
9. Which of the following pays for Social Security?
10. What type of indirect financial compensation is the most expensive for most businesses?
11. Which Act is a 1990 amendment to the ADEA and extends its coverage to all employee benefits?
12. Which of the following is the LEAST likely purpose of unemployment insurance payments?
13. Thomas is a copy machine technician for State Office Systems. He was involved in a serious car accident while making a service call for his employer, and he cannot return to work for 8 weeks. Which of the following would most likely provide Thomas with income while he is incapacitated?
14. Which of the following protects employees against an earnings loss when they are totally incapacitated?
15. The current retirement age is ________.
16. Workers' compensation insurance pays for medical expenses related to ________.
17. Benefits are valuable for all of the following reasons EXCEPT ________.
18. The intent of which Act is to ensure that when employees retire, they receive deserved pensions?
19. What type of retirement plan has elements of both defined benefit plans and defined contribution plans?
20. What are the two components of nonfinancial compensation?
21. Which Act provides employees up to 12 weeks a year of unpaid leave in specified situations?
22. Maura's retirement plan requires her employer to make specific contributions to a retirement fund established for Maura. Which type of plan does Maura most likely have?
23. What will be the retirement age in 2027?
24. Julie has health insurance through her employer. The managed-care health organization used by Julie's employer covers all services for a fixed fee. However, Julie may only use the doctors and health facilities chosen by the managed-care health organization. Julie is most likely a member of a(n) ________.
25. Jack, a construction worker, slipped and fell at a job site. As a result, Jack injured his knee and needs physical therapy and medical care. Jack's medical expenses would most likely be covered by ________.

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