HUMAN RESOURCES MANAGEMENT IN CANADA CANADIAN ELEVENTH EDITION 11TH EDITION BY COLE – TEST BANK

MULTIPLE CHOICE.  Choose the one alternative that best completes the statement or answers the question.

Any indirect financial payments given to employees are known as:

A) commissions.
B) stock options.
C) perquisites.
D) employee benefits.
E) financial incentives.

2) Outsourcing benefits administration to a third-party expert has the following advantage(s):

A) fewer benefit claims.
B) greater efficiency and consistency, and enhanced service.
C) reduced cost.
D) increased employee understanding of benefits.
E) reduced cost and enhanced service.

3) The following factor(s) is/are expected to increase the cost of benefits:

A) baby boomers.
B) pension plans.
C) looming labour shortage.
D) advances in dental care.
E) employee services.

4) The average cost of benefits, as a percentage of payroll, is approximately:

A) 50%.

B) 37%.

C) 25%.

D) 10%.

E) 30%.

5) A government-sponsored program that provides weekly income benefits if a person is unable to work through no fault of his/her own is usually called:

A) strike pay.
B) sick pay.
C) employment insurance.
D) termination pay.
E) severance pay.