PHRi Free Practice Test

Your organization has a retirement benefits plan that is covered by ERISA . Under ERISA, which of the following is your organization required to do for the plan participants?

1. A. Provide each participant with plan information, specifically about the features and funding of the plan through a summary plan description at a cost of no more than $7 per participant, per year.
2. B. Provide each participant with plan information, specifically about the features and funding of the plan through a summary plan description at no cost.
3. C. Provide each participant with monthly plan information, specifically about the features and funding of the plan through a summary plan description at no more than $7 per participant, per month.
4. D. Provide each participant with monthly plan information, specifically about the features and funding of the plan through a summary plan description at no cost.

Correct Answer: B

Which of the following would a trainer emphasize in order to ensure that a training program focused on developing skills for a particular job is valid ?

1. A. Survey comparable off-the-shelf programs
2. B. Interview incumbent
3. C. Interview managers
4. D. Analyze the job description and job specifications

Correct Answer: D

Which of the following are the benefits of gainsharing programs? Each correct answer represents a complete solution. Choose three.

1. A. Aligns employees to organization goals
2. B. Employees are paid on the basis of group performance rather than individual performance
3. C. Enhances employees focus and awareness
4. D. Helps organization to achieve improvement in key performance measures

Correct Answer: ACD

The Department of Labor establishes the rules for unemployment insurance and associated claims. Who administers the unemployment?

1. A. Each organization
2. B. The Department of Labor
3. C. Insurance companies
4. D. Each state

Correct Answer: D

A gap analysis is performed to measure the skill gap between current executives and the type of executives in order to have a truly global workforce. Which of the following analysis techniques does this measure utilize?

1. A. Ratio analysis
2. B. Criterion-referenced analysis
3. C. Trend analysis
4. D. Norm-referenced analysis

Correct Answer: B