Question :
41.Which one of the following true about workers’ compensation?
A.Worker compensation : 1243126
41.Which one of the following is true about workers’ compensation?
A.Worker compensation benefits focuses primarily on dealing with the increasing cost of living.
B.Unlike before, injuries that are self-inflicted and stem from intoxication are now covered as well.
C.Housing plans and pension services are included in worker compensation.
D.Self-funding of disability income by employers is restricted in most states.
E.Disability benefits that are part of workers’ compensation are tax free.
42.The workers’ compensation cost to an employer is based on the:
A.type of competition faced.
B.employer’s profitability.
C.employee’s profitability.
D.employer’s experience rating.
E.employee’s experience rating.
43.Which of the following is true of the cost to the employer for workers’ compensation?
A.The premium for high-risk occupations is lesser than the premium for low-risk occupations.
B.The premium is the same no matter which state the firm is located in if the injury is the same.
C.The compensation mostly covers minor injuries such as sprains and strains than dramatic injuries.
D.The compensation does not cover the cost for rehabilitation services.
E.The experience rating system primarily induces employees to take precautions at work.
44.Group insurance rates are typically lower than individual rates because:
A.risks cannot be pooled together in group insurance.
B.group insurance does not cover permanent disabilities.
C.of economies of scale.
D.it is exempt from taxes.
E.group insurance lacks guaranteed coverage.
45.Which of the following is true about private group insurance?
A.Concern for employee security explains the prevalence of employer-sponsored insurance plans.
B.Disability insurance programs are mandatory in all high-risk occupations.
C.Medical insurance programs are mandatory in all organizations.
D.Individuals have more bargaining power when negotiating over prices.
E.Group insurance rates are typically higher than individual rates because of economies of scale.
46.The _____ requires employers to permit employees to extend their health insurance coverage at group rates for up to 36 months following a qualifying event, such as a layoff.
A.Affordable Care Act (ACA)
B.Americans with Disabilities Act (ADA)
C.Employee Retirement Income Security Act (ERISA)
D.Consolidated Omnibus Budget Reconciliation Act (COBRA)
E.Equal Employment Opportunity Commission (EEOC)
47.Which of the following is true of Consolidated Omnibus Budget Reconciliation Act (COBRA)?
A.It requires employers to extend coverage for 36 months after termination due to gross misconduct.
B.It requires employees to reduce the hours that lead to a gain of health insurance.
C.The beneficiaries of employees who still have their health insurance have access to the same services.
D.The beneficiaries of the employees get free coverage even if the employee has lost access to his health insurance.
E.The beneficiaries receive the advantage of purchasing coverage at the individual rate.
48.Which of the following is the largest single component of the elderly’s overall retirement income?
A.Old age insurance
B.Private pensions
C.Earnings from assets
D.Disability insurance
E.Medical insurance
49._____ guarantees to pay employees a basic retirement benefit in the event that financial difficulties force a company to terminate or reduce employee pension benefits.
A.Employee Benefits Security Administration
B.Pension Benefit Guaranty Corporation
C.Employees’ Compensation Appeals Board
D.Bureau of Labor Statistics
E.Equal Employment Opportunity Commission
50.Which of the following increased the fiduciary responsibilities of pension plan trustees and established vesting rights and portability provisions?
A.Affordable Care Act
B.Social Security Act
C.Employee Retirement Income Security Act
D.Consolidated Omnibus Budget Reconciliation Act
E.National Labor Relations Act
