Legally required benefits currently include all of the following EXCEPT ________.
A) Social Security
B) workers' compensation
C) unemployment insurance
D) paid time off for holidays
Question 2Benefits are valuable for all of the following reasons EXCEPT ________.
A) improving job satisfaction
B) recruiting new employees
C) retaining current employees
D) improving worker productivity
Question 3Benefit payments made as a result of unilateral management decisions in nonunion firms, and from labor-management negotiations in unionized firms are known as ________.
A) flexible spending benefits
B) direct financial compensation
C) discretionary benefits
D) workers' compensation
Question 4All financial rewards that are NOT included in direct financial compensation are known as ________.
A) bonuses
B) wages
C) commissions
D) employee benefits
Question 5Which of the following scenarios is most likely the result of the recent recession?
A) many baby boomers are using part-time work as a way to ease into retirement
B) many people are working part-time because they have not been able to find full-time jobs
C) part-time work is attractive to Millennials who are seeking a better work-life balance
D) part-time work is allowing educated professionals to address both job and personal needs
Question 6Which of the following is the LEAST likely advantage to firms that offer part-time employment?
A) reduced nonfinancial compensation
B) improved work-life balance
C) reduced worker turnover
D) improved productivity
Question 7Which of the following is an advantage of voluntary benefits?
A) always less costly for small businesses
B) typically linked to worker productivity
C) usually nontaxable to the employee
D) always government sponsored
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