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Regulatory Environments for Benefits Programs Questions and Answers

Questions 1

What do profits, equity and debt all have in common?

Options:

A.

They are all reported on the balance sheet.

B.

They are all sources of capital.

C.

They all incur the same costs to the business.

D.

Nothing. Each of these is a different financial metric.

Questions 2

Which of the following combines traditionally segregated time off and leave programs into one policy covering a single block of time?

Options:

A.

Personal leave

B.

Sabbatical

C.

Severance allowances

D.

Paid time off (PTO) bank   

Questions 3

Under the Equal Pay Act, which is an acceptable defense to justify differences between the rates of pay for men and women assigned to the same job?

Options:

A.

The male employees have substantially more education than the female employees.

B.

All of the women have some professional certification or registration, whereas none of the men have comparable credentials.

C.

The differential is due to the fact that the men have more seniority with the employer.

D.

The women are all graduates of the most prestigious schools, and graduates from those schools command higher salaries.

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