CEBS GBA EXAMS BUNDLE// FULL PACK SOLUTION

Broadview of employee benefits - ANSWER any form of compensation other than dirext wages paid to employees. includes gov required benefits and private plans. employers share of soc security tax, paid vacation and pension plans. narrow view of employee benefits - ANSWER any type of plan sp...

1.1 Distinguish between the broad view and the narrow view of employee benefits - ANSWER The broad view defines employee benefits as anything other than direct compensation, including both government-mandated benefits and private plans. (social security, pension plans etc.). The narrow view hol...

prepaid service plans - CORRECT ANS this type of plan provided a set allowance (level of benefit) for hospital/medical services and paid them directly to the provider ex: blue cross blue shield indemnity plans - CORRECT ANS plans that reimbursed or indemnified a set dollar amount to the ...

Fringe Benefits - ANSWER Addition of benefits as an offset to higher labor Broad View - ANSWER "Virtually any form of compensation other than direct wages" Limited (Narrow) View - ANSWER Benefits that stem from an employment relationship, not underwritten or paid for directly by t...

Broad view of Employee Benefits (Mod 1.1) - 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, etc.....