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Regulatory Environments for Compensation Programs Questions and Answers

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Question 1

Which of the following is typically considered a health care benefit?

Options:

A.

Defined benefit plan

B.

Death benefits

C.

Defined contribution plan

D.

Vision plan   

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Question 2

Which of the following best describes severance allowances?

Options:

A.

A portion of one's salary paid during reserve duty and military leave

B.

A practice of paying a lump sum to employees during a company shutdown

C.

A continuation of an employee's salary after termination

D.

A continuation of a portion of an employee's salary to a beneficiary after the death of an employee

Question 3

Which one of the following should be included in a compensation guide for managers?

Options:

A.

Information on common management processes

B.

The consequences of various disciplinary measures

C.

Individual salary rates of employees in their department

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