Question

In: Operations Management

1. Money-purchase plans are what type of voluntary benefit? cash-balance plan defined-contribution pan defined benefit plan...

1. Money-purchase plans are what type of voluntary benefit?

cash-balance plan

defined-contribution pan

defined benefit plan

profit-sharing plan

2. Before Greg’s doctor’s appointment, the receptionist asks for his insurance card and asks him to sign a form that explains what the provider will do to protect him from discrimination. What law does this form outline?

Family Medical Leave Act

Federal Insurance Contributions Act

Health Insurance Portability and Accountability Act

Employee Benefits Security Administration

3. Much like forms of direct pay, ______ benefits can be used to develop a strong workforce.

voluntary

Social Security

Medicare

disability income

Expert Solution

Answer 1 : Defined benefit plan

Explanation : It is an defined benefit plan like the other plans such as profit sharing plans, 401(k) plans etc where the retirement benefits are offered to employees.

Answer 2 : Health Insurance Portability and Accountability Act

Explanation : In this act the personal, sensitive information of the patients are protected while they are protected from the discrimination carried out for the preexisting conditions.

Answer 3 : Voluntary

Explanation : It provides motivation for employees to work more efficiently unlike the direct pay benefits provided by the organization.

keosha answered 2 years ago

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