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NEW QUESTION 39
Which element of worker's compensation common law prevented employees from being compensated when their injury was caused by a colleague?
- A. doctrine of contributory negligence
- B. voluntary assumption of risk
- C. fellow servant rule
- D. good Samaritan law.
Answer: C
Explanation:
Explanation: The fellow servant rule prevented employees from being compensated when their injury was caused by a colleague. As the phrase suggests, this notion dates back to the time when workers were entirely uncompensated. In the past century, the legal system has begun to recognize that workers require more protection than is provided by relics of common law like the fellow servant rule.
NEW QUESTION 40
The updated changes to the Equal Employment Opportunity Act of 1972 specifically included all of the following except
- A. Educational institutions
- B. Federal government
- C. Labor unions
- D. Local government
Answer: C
Explanation:
Explanation: The updated changes to the Equal Employment Opportunity Act of 1972 specifically included educational institutions, federal government, and state and local government. Labor unions were not listed among these updated legal applications in 1972.
NEW QUESTION 41
ERISA mandates that employees who use grade vesting must be fully vested in a qualified plan
- A. immediately.
- B. within seven years.
- C. within four years.
- D. before being laid off.
Answer: B
Explanation:
Explanation: ERISA (the Employee Retirement Income Security Act of 1974) mandates that employees who use graded vesting must be fully vested in a qualified plan within seven years. The original version of this act had looser vesting requirements. ERISA also asserts that employees who use cliff vesting must be fully vested in a qualified plan within five years.
NEW QUESTION 42
Which type of voluntary benefits plan relies on unknown benefits that result from investments that are gained on the retirement account?
- A. Nonqualified plan
- B. Cash balance
- C. Qualified plan
- D. Defined contribution
- E. Participation benefit
Answer: D
Explanation:
Explanation: This question describes the defined contribution plan, which utilizes a standard pension plan but without the added benefits defined in advance. Answer choice A is incorrect because participation benefits do not refer to a voluntary benefits program. Answer choice B is incorrect because the nonqualified plan provides benefits to specified employees (i.e., executives) and shareholder. Answer choice C is incorrect because the cash balance plan is a combination of the defined benefit and defined contribution plan but does not fall under the immediate grouping of voluntary benefits programs. And answer choice D is incorrect because it provides IRSapproved tax advantages but without any extra benefits for shareholders and executives.
NEW QUESTION 43
In which type of dispute resolution do both parties agree to accept whatever decision is reached by the third party judge?
- A. compulsory arbitration
- B. binding arbitration
- C. ad hoc arbitration
- D. constructive confrontation
Answer: B
Explanation:
Explanation: In binding arbitration, both parties agree to accept whatever decision is reached by the third party judge. Compulsory arbitration, meanwhile, exists when the terms of a contract dictate that any future disputes will be settled through arbitration. Constructive confrontation is a system for handling disputes within an organization, usually by dividing them into their central and peripheral elements. Ad hoc arbitration is a onetime dispute resolution aimed at handling one particular problem.
NEW QUESTION 44
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