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WorldatWork GR1 - Total Rewards Management Exam

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Total 90 questions

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?

A.

Deductible

B.

Coinsurance

C.

Coordination of benefits

D.

Out-of-pocket expenses

 

 

 

Regarding medical plans, what is the out-of-pocket maximum?

A.

The most that the member will be liable for in relation to co-insurance

B.

The maximum the plan will pay if the member is covered by another insurance plan

C.

The limit the member will be required to pay at each doctor visit

D.

The lifetime limit for benefits to any one employee

 

 

 

Which of the following shows the proper sequence for development of the total rewards strategy?

A.

Business strategy Total rewards strategy Business mission HR strategy

B.

HR strategy Business strategy Business vision Total rewards strategy

C.

Business vision Business strategy HR strategy Total rewards strategy

D.

Total rewards strategy HR strategy Business strategy Business mission

What type of pay increase is given when an organization finds that its compensation program is behind competitive market rates?

A.

General

B.

Cost of living

C.

Automatic

D.

Merit

 

 

 

Which of the following combines traditionally segregated time off and leave programs into one policy covering a single block of time?

A.

Personal leave

B.

Sabbatical

C.

Severance allowances

D.

Paid time off (PTO) bank

 

 

 

Which statement is most accurate regarding the performance management process?

A.

It is a one-time event.

B.

Managers and supervisors should plan and measure performance without input or involvement from subordinates.

C.

Performance standards should be loosely defined, allowing great latitude in measurement.

D.

Mutual respect and trust should be the foundation of the relationship between managers and employees.

 

 

 

What is a shared leave program?

A.

A contribution of money to a nonprofit entity where a company employee volunteers

B.

A donation of vacation time to others facing emergency situations

C.

An arrangement to ensure adequate coverage of service during employees' vacations

D.

An executive loan to worthy organizations for a period of time

 

 

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