1. Right Answer: D
Explanation: Answer option D is correct.Chapter: Compensation and BenefitsObjective: Compensation
2. Right Answer: D
Explanation: Answer option D is correct.FICA requires employers to pay Social Security and Medicare for employees and to withhold an equal amount from employee paychecks. There is no federal law requiring employers to provide pension plans (B) and (C). No federal law requires employers to provide health insurance (A).Chapter: Compensation and BenefitsObjective: Review Questions
3. Right Answer: D
Explanation: Answer option D is correct.Chapter: Compensation and BenefitsObjective: Compensation
4. Right Answer: C
Explanation: Answer option C is correct.Chapter: Compensation and BenefitsObjective: Total Rewards Defined
5. Right Answer: B
Explanation: Answer option B is correct.Intrinsic rewards are driven by internal versus external factors. Job fulfillment based on work relationships, the opportunity to use strengths, and career growth are examples of nonmonetary compensation. Extrinsic rewards (C) are those rewards that are driven by external factors, usually in the form of monetary (A) or benefit rewards (components of a total rewards system (D)).Chapter: Compensation and BenefitsObjective: Review Questions
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