Quiz on Company Policies and Insurance

Employers may choose to offer this employee benefit so that employees gain a sense of ownership in the company. Employees feel as though they are not just working for the company, but also for themselves.

• Commission

• Educational Reimbursement

• Defined Benefit Plan

• Stock Options

With this benefit, an employee can purchase ownership in a company at a discounted price.

• Stock

• Business Ownership

• PTO

• Management

An example of someone who receives this extra percentage pay benefit would be a realtor.

• Commission

• Bonus

• Salary

Vikki was recently offered a job at the company where Mariah has worked for three years. Vikki will most likely _______.

• get more sick days than Mariah

• have to purchase stock at a higher price than Mariah

• get fewer paid vacation days than Mariah

• pay a lower health insurance premium than Mariah

This benefit option allows you to use non-taxable money on certain out-of-pocket care costs.

• Commission

• Flexible Spending Account

• Retirement

• Life Insurance

Sue’s mother has become seriously ill. Sue needs to take time off from work to care for her mother. Which benefit entitles Sue to have up to 12 weeks of job-protected, unpaid leave during any 12-month period to care for her mother?

• FICA

• FMLA

• Vacation Time

• Personal Time

These funds are set aside to provide people with an income when their career ends.

• Retirement

• Medicare

• Disability

• Unemployment

Which of the following is a false statement?

• Some employers offer perks like game rooms and free legal services.

• 401(k)s are more common than pensions.

• Vacation and holiday policies will depend on your employer.

• It is illegal for a company to offer its employees stock options.

What is a fringe benefit?

• Non-financial benefits

• Benefits related to the job description

• Benefits on top of a salary or wage

• It costs a lot of money and is not common

Programs that allow workers to choose the benefits that best meet their personal needs.

• Options

• Cafeteria-Style Employee Benefits

• Flexible Spending Program

• PTO