CEBS - GBA BUNDLED exams 2023/2024 with 100% correct answers

Employee Benefits - correct answer All forms of financial returns and tangible services and benefits employees receive as apart of an employee relationship Broad View of Employee Benefits - correct answer Virtually any form of compensation other than direct wages, including: 1. Employer's ...

Which risk-handling techniques are being used by a firm that decides to not produce a dangerous chemical, to purchase insurance with a $10,000 deductible on its assets and to install a fire sprinkler system throughout the plant? - correct answer Avoidance, retention, insurance and control Which...

Which risk-handling techniques are being used by a firm that decides to not produce a dangerous chemical, to purchase insurance with a $10,000 deductible on its assets and to install a fire sprinkler system throughout the plant? - correct answer Avoidance, retention, insurance and control A hea...

Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - correct answer The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium...

E.) Avoidance, retention, insurance and control Module: 2 Reference: Employee Benefits Design and Compliance, First Edition, pages 39-42.Study Guide, First Edition, page 8, Objective 2.5. - correct answer Which risk-handling techniques are being used by a firm that decides to not produce a dangero...

An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - correct answer 1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifica...

What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - correct answer Rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be reward...

What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - correct answer Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demand...

Broad view of Employee Benefits (Mod 1.1) - correct answer Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, ...

According to the RAND Health Insurance Experiment, which variable has the greatest power in explaining health expenditures? A.) Welfare eligibility B.) Prior utilization C.) Physical health (based on self-reported measures) D.) General health (based on self-reported measures) E.) Ment...