Cebs gba 1 2023 - Study guides, Class notes & Summaries

CEBS GBA Exam 1 Questions & Answers 2023/2024 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..) Narrow view of Employee Benefits (Mod 1.1) - ANSWER-Any type of plan sponsored or initiated by Employees and Employers and engaged in providing benef...

CEBS - GBA 1 & 2 Practice Exam 2023 with complete solution latest update 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? - answer -The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - answ...

CEBS - GBA 1 & 2 Practice Exam 2023-2024 with complete solution

CEBS - GBA 1 – Exam -with 100% verified solutions-2023

CEBS - GBA 1 - Practice Exam Questions & Answers 2023/2024 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? - ANSWER-The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - ANSWER-It is a mat...

CEBS GBA - Module 1 Exam Questions & Answers 2023/2024 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 the government Reasons for growth in Employee Benefit Plans - ANSWER-Business, tax legislation, collective bargaining, efficiency of the approach ...

CEBS GBA 1 Module 1 Exam 2023 – 2024

CEBS GBA Exam 2 Questions & Answers 2023/2024 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) - ANSWER-Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. However this is challenged by the consumer's "bounded rationality" - rational consumer is only functional u...

CEBS Exam Practice Questions and Answers Latest 2023/2024 (100% Verified). Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathematical process that removes anomalies that should not appear in the mortality data 3. If the plan sponsor pays the premium, which of the following group insured benefits is taxable to the plan member?: Long-term disability (LTD) 4. Which of the following statements correctly describes phases of a...