Executive compensation in the form of deferred contribution

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Reference no: EM132145853

1) Under FMLA, a(n) ___________ means an illness, injury, impairment, or physical or mental condition that involves either inpatient care or continuing care for at least three consecutive days.

A. significant medical concern

B. obvious work displacement

C. massive medical trauma

D. serious health condition

E. major hospital experience

2) Executive compensation in the form of a deferred contribution to the executive’s retirement accounts is one of the most common forms of _________ retirement funds.

A. qualified

B. nonqualified

C. governed

D. challenged

3) COBRA allows continued health coverage for most employees for _____ months if the employee pays ________ of the premium for such coverage.

A. 6; 55%

B. 15; 100%

C. 18; 102%

D. 36; 120%

E. 12; 102%

4) During the last 80 years, congress added multiple mandatory employee benefits, causing the cost of providing benefits to

A. increase

B. stay the same

C. adjust for inflation

D. decrease

5) Shannon recently quit her job at Acme Global. Under ________, Shannon can continue to pay for her group health insurance through Acme Global to avoid having a gap in her coverage.

A. Employee Retirement Income Security Act of 1974

B. Consolidated Omnibus Budget Reconciliation Act of 1985

C. Social Security

D. Health Insurance Portability and Accountability Act of 1996

6) 403(b) plans are :

A. Healthcare plans for medical facilities

B. Savings accounts for individuals

C. Retirement plans for non-profits

D. Healthcare plans for government employees

E. Retirement plans for government employees

7) COBRA applies to companies who provide company sponsored health insurance and have at least how many full-time equivalent (FTE) employees?

A. 50

B. 30

C. 15

D. 20

E. 1

8) With some exceptions, most individuals who are eligible for unemployment benefits will receive:

A. about 60% of their wages

B. about 50% of their wages

C. 100% of their wages

D. 100% of their wages, and health insurance

Reference no: EM132145853

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