Employee Benefits- Vocabulary Quiz

What is the word used to describe a payment, service, or gift offered to employees by employers?

• invest

• employee

• benefit

• coverage

What is the word used to describe the protection provided by an insurance company against risk or loss?

• invest

• coverage

• pension

• premium

What is an agreement with a company called in which a person pays the company a regular sum of money and the company agrees to cover the cost if a certain event occurs, such as illness or damage to property?

• pension

• premium

• invest

• insurance

What is a person who is paid to works for another person or business called?

• employee

• employer

• retirement

• benefit

What is a person or company called that provides jobs and pays people to work for them?

• invest

• stock options

• employee

• employer

What does it mean to buy or put money into something in hopes of making a profit called?

• stock options

• invest

• pension

• premium

What is a payment that a company or government makes to a person whom they no longer employ called? It is usually after a full career of service.

• coverage

• invest

• premium

• pension

What is the right given to employees to buy or sell shares of a company at a fixed price within a specific period of time called?

• invest

• premium

• stock options

• retirement

What is the state of no longer being employed after many years of working called?

• death

• birth

• retirement

• pension

What is the amount paid regularly by the customer for an insurance policy called?

• premium

• bills

• withdrawal

• deposit