CEBS - GBA 1 Module 1 Exam Test with Answers 100% Pass
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CEBS - GBA 1 Module 1
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CEBS - GBA 1 Module 1
CEBS - GBA 1 Module 1 Exam Test with Answers 100% Pass
1. 1.1 Distinguish
between the
broad view and
the narrow view
of employee ben-
efits
2. 1.2 List the cat-
egories of ben-
efits that gener-
ally are consid-
ered to fall under
a broad view em-
ployee benefits
3. 1.3 What bene-
fi...
CEBS - GBA 1 Module 1 Exam Test with Answers 100% Pass
1. 1.1 Distinguish The broad view defines employee benefits as anything
between the other than direct compensation, including both govern-
broad view and ment-mandated benefits and private plans. (social secu-
the narrow view rity, pension plans etc.). The narrow view holds that em-
of employee ben- ployee benefits are any benefit sponsored unilaterally or
efits jointly by employers and employees that is not subsidized
by the government.
2. 1.2 List the cat- • Legally required benefits (Social Security)
egories of ben- • Payment for time not worked (rest, lunch, vacation, and
efits that gener- holidays)
ally are consid- • Medical
ered to fall under • Retirement & savings plan payments
a broad view em- • Miscellaneous benefits (employee discounts, severance
ployee benefits pay, education, and child care)
3. 1.3 What bene- Those that are legally mandated (Social Security and
fits are typical- workers' compensation)
ly excluded when
the term "em-
ployee benefits"
is viewed and de-
fined in a narrow
sense?
4. 2.1 Explain the So businesses may attract & retain capable employees.
types of busi- Good benefit plans foster corporate efficiency, productivi-
nesses- or hu- ty, and improve employee morale.
man resource-re-
lated reasons
for firms estab-
lishing employee
benefit plans
5. 2.2 What im- Through the practice of collective bargaining labor unions
pact have la- have had an impact on the growth of employee benefit
bor unions his- plans. In 1948 the NLRB ruled in the Inland Steel case that
torically had in the duty to bargain in good faith over wages also included
insurance and fringes such as pension benefits. Following
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, CEBS - GBA 1 Module 1 Exam Test with Answers 100% Pass
employee bene- that, in the W.W. Cross & Co. case, the NLRB ruled that
fits? wages included health and accident plan.
6. 2.3 Explain the The Labor-Management Relations Act, also called the
significance of Taft-Hartley Act, sets forth the framework for good-faith
the Taft-Hartley collective bargaining over wages, hours, conditions and
Act in employee terms of employment and employee benefits. It estab-
benefit planning. lished the distinction between retirement benefits and wel-
fare benefits. It also provides framework for administra-
tion of those benefits. It's the legal basis on which jointly
trusteed benefit plans are founded.
7. 2.4 Summarize • Most contributions are deductible as long as they are
three major fed- reasonable business expenses
eral tax advan- • Within limits, the contributions are not considered income
tages associat- to employees
ed with employee • In certain retirement/capital plans, benefits accumulate
benefit plans. tax-free until dispersed
8. 2.5 Why is the It is convenient for employees as they do not have to
employee bene- search for individual coverage and it is generally less
fit mechanism an expensive. Providers state it is easier to communicate
effective and effi- employee benefits through an employer.
cient way of pro-
viding insurance
coverage?
9. 3.1 What is the Any employee benefit plan should start with setting overall
starting point in objectives from the standpoints of both the employer and
the design of any the employees.
employee benefit
plan?
10. 3.2 List the types • What benefits should be provided?
of overall ques- o Benefits provide under both government programs and
tions that should for the individual employees should be considered
be addressed in • Who should be covered by the benefit plan?
setting benefit o Besides full-time employees, part-time, retirees, depen-
objectives. dents of employees, and survivors of deceased employ-
ees. All of which must adhere to all governmental regula-
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