4.A profit sharing program is:
An incentive based on improvements in material savings, contributing to higher profits
A program that allows employees to invest distributed profit dollars into a tax deferred retirement account
An individual incentive plan that provides a bonus based on that employee’s productivity
A program that provides a portion of company proceeds over a specific amount of time to the employees of the firm through a bonus payment
6.Group incentives tend to require less supervision than individual incentives
True
False
10.Modular plans are much easier for Human Resources to manage than other types of flexible benefit plans because there are a limited number of modules to oversee.
True
False
17.COBRA allows a former employee to maintain health insurance coverage for themselves or a family member for 18 – 36 months, for the same premium payment responsibility they paid when they were actively employed.
True
False
18.The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 requires companies to comply with all of the following except:
Provide annual information regarding executive compensation and dividend returns
Provide CEO total compensation information to internal Department Heads
Disclosure of CEO’s total compensation and median compensation of employees
Shareholder vote regarding CEO total compensation package
ScholarMatic: Explanation & Answer
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