CHAPTER 10

All financial rewards that are NOT included in direct financial compensation are known as ________.

• bonuses

• wages

• commissions

• employee benefits

Which term refers to company-paid shipments of household goods and temporary living expenses?

• unemployment compensation

• relocation benefits

• premium payments

• disability benefits

Michael works as an engineer in Arizona, but he has been offered a better position with RayCo, a firm in Minnesota. RayCo will ship the family's belongings to Minnesota and will provide Michael and his family with temporary housing for three months. Which of the following best describes the type of compensation offered by RayCo?

• flexible spending

• relocation benefits

• voluntary benefits

• premium pay

Which of the following is NOT a discretionary benefit?

• sabbaticals

• health benefits

• paid vacations

• overtime payments

A shift from discretionary benefits to ________ contributes to a company's cost savings.

• flexible spending accounts

• consumer-driven plans

• voluntary benefits

• flexible benefits

Which term refers to a certain number of days each year that employees can use for any purpose?

• sabbatical

• paid vacation

• paid time off banks

• medical leave

Legally required benefits currently include all of the following EXCEPT ________.

• Social Security

• workers' compensation

• unemployment insurance

• paid time off for holidays

Educational assistance, subsidized cafeterias, and relocation benefits are examples of ________.

• mandatory benefits

• employee services

• severance pay

• premium pay

Max, a newspaper photographer, is allowed to choose his own working hours, within certain limitations. Which of the following is most likely offered by Max's employer?

• telecommuting

• job sharing

• part-time work

• flextime

An employee who works four 10-hour days is most likely working under which of the following arrangements?

• flextime

• telecommuting

• compressed work week

• executive job sharing plan