BBA Human Resource Management MCQs – Practice Test 1 (Chapter 1)

Benefits and Services MCQs with Answers PDF Download – Test 1

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Benefits & Services MCQs – Practice Test 1 PDF Download

MCQ 1: In employees' pension plan, a portion of employees' earnings contribution into the fund is classified as:

cash balance plans
early retirement window
deferred profit sharing plan
savings and thrift plan

MCQ 2: The pension plan, in which specific amount of profit is transferred to employees account, that are payable at the time of retirement or death is classified as:

deferred profit sharing plan
savings and thrift plan
cash balance plans
early retirement window

MCQ 3: A pension plan, an employer's acknowledgement of financial standing of employee's account, placing percentage on the basis of annual compensation and interest, regarded as:

cash balance plan
severance pay plan
early retirement window plan
employee stock ownership plan

MCQ 4: A plan to accommodate employees' preferences of planning for benefit, classified as:

cafeteria benefit plans
fixed benefit plans
flexible benefit plans
both a and c

MCQ 5: The kind of pension plan in which employer's contribution is specified in employee's retirement savings funds is classified as:

defined benefit pension plan
defined contribution pension plan
defined noncontributory pension plan
deferred contribution pension plan

BBA Human Resource Management MCQs App & e-Book – Benefits & Services Study Guide

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