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B1 Exam Dumps : Regulatory Environments for Benefits Programs

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Regulatory Environments for Benefits Programs Questions and Answers

Question 1

The Delta Company has experienced increased turnover in the past two years. Data from exit interviews indicate that most of those leaving did so for better opportunities and higher compensation. If Delta pays at the highest percentile of the market for their peer group, what data analysis should they do?

Options:

A.

Additional quantitative analysis to determine whether pay rates are truly competitive or existing data are unreliable

B.

Qualitative data collection to talk to key stakeholders and employees and determine whether the exit interviews accurately reflect their concerns

C.

Qualitative data collection in the form of an employee survey with questions about employee satisfaction with pay levels

D.

No additional data analysis is needed. Delta should increase pay rates based on the existing data to decrease turnover.

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Question 2

Which of the following statements best describes defined contribution (DC) plans?

Options:

A.

They require complex actuarial calculations and assumptions.

B.

The benefit is based on a formula that considers pay and service.

C.

They generally provide better benefits to employees with longer service.

D.

The employee assumes the risk for the investments.   

Question 3

What was the Bennett Amendment intended to do?

Options:

A.

Make it easier to enforce the Equal Pay Act

B.

Make the regulations covered under Title VII of the Civil Rights Act of 1964 more strict

C.

Eliminate the potential conflict between Title VII and EPA

D.

Prohibit gender-based discrimination