benefits and services
MCQsQuestion.com has 11 Question/Answers about Topic benefits and services
Pension plans, in which specific percentage of an employee’s pay is contributed by an employer are classified as
- A. cash balance plans
- B. severance pay plans
- C. early retirement window plans
- D. employee stock ownership plans
- Correct Answer: Option A
Benefit paid to terminated employees or laid-off employees is
- A. vacations and holidays
- B. lifelong learning
- C. severance pay
- D. optional pay benefits
- Correct Answer: Option C
Pension plan, in which specific amount of profit is transferred to employees account, that are payable at time of retirement or death is classified as
- A. deferred profit sharing plan
- B. savings and thrift plan
- C. cash balance plans
- D. early retirement window
- Correct Answer: Option A
Direct non-financial and financial payments received by employees, for continuous work with company are classified as
- A. benefits
- B. stock ownership
- C. loyalty scholarships
- D. all of above
- Correct Answer: Option A
Process of arming employees of organization with technology tools, to get jobs done is called
- A. workplace flexibility
- B. work hour flexibility
- C. work week flexibility
- D. contributory flexibility
- Correct Answer: Option A
Types in which benefits are classified are
- A. insurance benefits
- B. pay for time not worked
- C. retirement benefits
- D. all of above
- Correct Answer: Option D
Employees’ pension plan, in which employees contribute a portion of earning into fund is classified as
- A. cash balance plans
- B. early retirement window
- C. deferred profit sharing plan
- D. savings and thrift plan
- Correct Answer: Option D
Sabbatical leave, funeral leave, jury duty and vacations are examples of
- A. optional pay benefits
- B. unemployment pay benefits
- C. compensation law benefits
- D. supplemental pay benefits
- Correct Answer: Option D
Pay for time not worked, sick leave, supplemental benefits and severance pay are types of benefits called
- A. supplemental pay benefits
- B. optional pay benefits
- C. compensation law benefits
- D. unemployment pay benefits
- Correct Answer: Option A
Benefit provided to an individual who is unable to work his or her own faults is classified as
- A. optional insurance
- B. unemployment insurance
- C. supplemental insurance
- D. compensatory insurance
- Correct Answer: Option B
One time paid payment at time of termination of employees is classified as
- A. compensation pay
- B. supplemental pay
- C. sick leave pay
- D. severance pay
- Correct Answer: Option D