WorldatWork B1 Regulatory Environments for Benefits Programs Exam Practice Test

Providing a pre-employment medical exam

Creating a new position in the company

Creating a separate area for the disabled employee to work

Job restructuring

Recognize possible issues and concerns that will drive budget planning

Prepare quarterly and annual reports and their associated statements

Withhold payroll taxes for all elements of compensation

Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle

Deductible

Coinsurance

Coordination of benefits

Out-of-pocket expenses   

An employer who should have inquired further into whether its conduct was in compliance with the act and failed to do so.

An employer that had a prior finding by the Labor Department, court or another tribunal with the authority to make such a finding

An employer knowing its conduct was prohibited under the act or showing reckless disregard for the requirements of the act

When the Labor Department has advised an employer that its actions were unlawful

Variable costs decrease

Fixed costs decrease

Variable costs increase and consume a higher percent of revenue

Fixed costs remain the same and consume a lower percent of revenue

Race

Religion

Sex

Age

At established dates and then every six months thereafter

On January 1 and July 1 of each year

Once when they move a step, and again when the step value changes

At the anniversary date and at the annual merit increase date   

Limiting spending to a fixed percentage of organizational revenue

Making choices about spending based on expectations of performance

Increasing profitability of the business annually to maximize shareholder/owner value

Complying with local legislation and maintaining accurate records to prepare financial reports and tax documents

Appropriate study time does not count as hours worked regardless of the educational level of the training program.

No training time is considered hours worked even if it is a condition of employment, since the employee is free to leave the company.

Only educational programs focused on remedial education (up to eighth grade) can be excluded from the 40-hr criteria for time and a half.

Even when the training is required, as long as the classes are outside working time and not on company property, they are not hours worked.

The Equal Employment Opportunity Commission

The Wage and Hour Division of the Department of Labor

The National Civil Rights Commission

The Office of Federal Contract Compliance

Stock/share options

Stock/share grants

Restricted stock/shares

Performance units   

Market adjustment

Longevity

Individual performance

Skills   

The most senior leader with the highest level of authority

No one person. Identify your stakeholders and work to achieve consensus among the majority.

Influencers and decision-makers who have the respect of employees and are both proponents and opponents of your objectives

Individuals with power in the organization who have the authority to overrule the concerns of opponents