Employee Plan and Trust agreements

1.What employee benefit plan records need to be retained permanently?

Plan and Trust agreements and allocation and compliance testing
Brokerage/trustee statements supporting investments
Actuarial reports and financial statements (Answer)
Information returns and general ledger and journals

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2.What personnel records need to be retained for seven years?

Employee expense reports and employment applications
Accident records and help wanted ads
Employee agreements and attendance records
Training manuals and union agreements

3.Which of the following is not a step in the procedure for developing a weighted application blank?

Confirm the weights using the hold-out groups
Apply item weights set by your industry
Identify the criterion groups
Divide each item into specific response categories

4.Which of the following is not one of the four operational definitions of reliability?

Split-halves reliability
Outer-rater reliability
Alternate-forms reliability
Test-retest reliability

5.Whether an employee is classified as exempt or nonexempt under the FLSA is determined by ________.

Whether the employee is paid on an hourly or salary basis
If the employee is union or nonunion
How many hours the employee works per week
The employee’s duties and responsibilities

6.The Fair Labor Standards Act’s restrictions on the employment of minors end at what age?

14
16
18 (Answer)
21

7.H-1B visas may be secured for foreign workers who ________.

Displace local workers
Are full-time students
Replace workers during a strike
Are classified as temporary workers

8.I-9 forms require proof of identity and ________.

A valid Social Security number
Proof of citizenship
Evidence of employment eligibility
Proof of residency

9.What is the definition of qualified privilege doctrine?

A legal theory that makes employers liable for the abusive acts of employees if the employer knew, or should have known, about the employees’ propensity for such conduct
Individuals who are subject to a selection error, and who were not hired because of low predictor scores but would have been outstanding performers
A fixture that allows past employers to share relevant job-related personal information about an applicant with future employers
A simple test that requires applicants to perform a defined segment of the actual job to assess their potential

10.What is the definition of exempt employees?

Employees who are not subject to the overtime requirements of the FLSA, such as outside salespeople and executives who have administrative or managerial responsibilities
Employees who are covered by the minimum wage and overtime pay provisions of the FLSA
Sets minimum wage standards, overtime pay standards, child labor restrictions, and related record-keeping requirements
Citizens of another country who are permitted to reside permanently in the United States

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