Winter Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: pass65

Discussions
  1. Home
  2. WorldatWork
  3. WorldatWork Other
  4. B1
  5. Regulatory Environments for Benefits Programs Questions and Answers

Pass the WorldatWork Other B1 Questions and answers with ValidTests

Exam B1 All Questions
Exam B1 Premium Access

View all detail and faqs for the B1 exam

Go to Exam
Viewing page 1 out of 3 pages
Viewing questions 1-10 out of questions
Questions # 1:

Regarding presentations to executives, which of the following is most accurate?

Options:

A.

Keep them brief

B.

Use multiple media

C.

Include all details related to the issue

D.

Leave backup data out of the presentation so there is time to develop an effective response to unexpected questions

Questions # 2:

A medical benefits plan provision ensuring that the correct plan is paying expenses when the member is covered under more than one plan is known as what?

Options:

A.

Deductible

B.

Coinsurance

C.

Coordination of benefits

D.

Out-of-pocket expenses   

Questions # 3:

Which of the following are the two primary elements of benefits?

Options:

A.

Mental health coverage and health care coverage

B.

Pay for time not worked and income protection programs

C.

Unemployment and disability

D.

Defined contribution and defined benefits plans   

Questions # 4:

What statement is most accurate regarding compensation communications with employees at varying levels?

Options:

A.

They tend to be fairly consistent because the elements of pay may differ, but the concerns are universal.

B.

They generally require a greater degree of detail for lower level employees who have less of an understanding of pay plan design.

C.

They usually require more detail for senior employees regarding plan details and performance and the needs from one employee group to another can vary greatly.

D.

They should be kept to a minimum for employees at all levels to maximize efficiency and efforts can be focused only on those who have questions.

Questions # 5:

Which type of base pay is typically based on an individual employee's rate of production?

Options:

A.

Hourly rate

B.

Salary

C.

Piece rate

D.

Production rate   

Questions # 6:

What do profits, equity and debt all have in common?

Options:

A.

They are all reported on the balance sheet.

B.

They are all sources of capital.

C.

They all incur the same costs to the business.

D.

Nothing. Each of these is a different financial metric.

Questions # 7:

The Alpha company ships an order to a customer on March 1st and invoices the customer for the product with the shipment, with payment terms of net 30 days. The customer’s payment is received on April 5th. The payment clears the bank and shows on Alpha’s account on April 8th. If Alpha is using accrual accounting, when does it record the revenue for this sale?

Options:

A.

March 1st

B.

March 31st

C.

April 5th

D.

April 8th

Questions # 8:

Which of the following best describes a factor that has influenced the growth and change in benefits?

Options:

A.

There is a decreasing number of females in the workforce.

B.

Employees are expressing a greater desire for choice in their benefits.

C.

Employees have longer career expectations.

D.

Decreasing costs are causing growth in the numbers of benefits employers offer.   

Questions # 9:

Which employees are covered by the National Labor Relations Act?

Options:

A.

City, state and federal government employees

B.

Airline and railroad employees

C.

Employee who work for companies that sell goods in various states

Questions # 10:

What is the top line or starting point of an organization’s income?

Options:

A.

Gross profit

B.

Revenue

C.

Net income

D.

Operating profit

Viewing page 1 out of 3 pages
Viewing questions 1-10 out of questions