Quiz about Ch 5 Vocab Employment Basics

Question 1

Additional compensation from an employer, benefits can include health and dental insurance, childcare, retirement, and travel expenses. _______

Accepted Answer

Benefits

Answer

Perks

Answer

Bonuses

Answer

Allowances

Question 2

A short accounting of a job-seeker's education and qualifications for employment.

Accepted Answer

What is a resume?

Answer

What is a cover letter?

Answer

What is a job application?

Answer

What is a reference letter?

Question 3

The amount that a charge, cost, or fee is lowered.

Accepted Answer

Discount

Answer

Increase

Answer

Addition

Answer

Multiplication

Question 4

A business that has lists of job openings and charges a fee to find jobs for people.

Accepted Answer

What is a job employment agency?

Answer

What is a recruitment firm?

Answer

What is a job board?

Answer

What is a staffing agency?

Question 5

An overtime rate that is two times the hourly rate.

Accepted Answer

2 times the hourly rate

Answer

1.5 times the hourly rate

Answer

2.5 times the hourly rate

Answer

3 times the hourly rate

Question 6

The hourly rate an employee gets paid for overtime hours calculated as 1.5 times the regular hourly pay.

Accepted Answer

1.5 times the regular hourly pay

Answer

2 times the regular hourly pay

Answer

1.25 times the regular hourly pay

Answer

1.75 times the regular hourly pay

Question 7

The total pay, which is the sum of an employee's hourly pay and overtime pay. _______

Accepted Answer

is called gross pay

Answer

is called net pay

Answer

is called base pay

Answer

is called total compensation

Question 8

The extra hours an employee works beyond their regular hours.

Accepted Answer

Overtime

Answer

Break time

Answer

Regular hours

Answer

Vacation time

Question 9

The hourly rate that federal law allows as the least hourly rate that can be paid to an employee.

Accepted Answer

Minimum wage

Answer

Overtime rate

Answer

Living wage

Answer

Base salary

Question 10

A set amount that an employee is paid for each hour of work. _______

Accepted Answer

Hourly rate

Answer

Salary

Answer

Commission

Answer

Bonus

Question 11

When the employer, instead of the employee, pays the fee to an employment agency.

Accepted Answer

Employer-paid fee

Answer

Employee-paid fee

Answer

Agency-paid fee

Answer

Government-paid fee

Question 12

Payroll or other types of checks that are directly and electronically deposited into a bank account.

Accepted Answer

Direct Deposit

Answer

Wire Transfer

Answer

Cashier's Check

Answer

Money Order

Question 13

The set number of hours that an employee is expected to work.

Accepted Answer

Regular hours

Answer

Full-time hours

Answer

Part-time hours

Answer

Flexible hours

Question 14

The hourly wage an employee receives for any overtime hours.

Accepted Answer

Overtime hourly rate

Answer

Base salary

Answer

Holiday bonus

Answer

Commission

Question 15

Occurs once every week; 52 times per year.

Accepted Answer

Weekly

Answer

Daily

Answer

Monthly

Answer

Annually

Question 16

Occurs every two weeks; 26 times per year. _______

Accepted Answer

Biweekly

Answer

Monthly

Answer

Annually

Answer

Daily

Question 17

Occurs twice each month; 24 times per year.

Accepted Answer

semi-monthly

Answer

monthly

Answer

Quarterly

Answer

semi-annually.

Question 18

Occurs once every three months; 4 times per year.

Accepted Answer

Quarterly

Answer

Monthly

Answer

Annually

Answer

Biannually

Question 19

Occurs once every 6 months; 2 times per year.

Accepted Answer

Semi-annually

Answer

Annually

Answer

Quarterly

Answer

Monthly

Question 20

Occurs once every 12 months; 1 time per year.

Accepted Answer

Annually

Answer

Monthly

Answer

Weekly

Answer

Daily

Question 21

An agreement between an individual and a company to make regular payments to the company so that if a negative event occurs, the policyholder receives compensation.

Accepted Answer

What is an insurance policy?

Answer

What is a loan agreement?

Answer

What is a rental contract?

Answer

What is a service agreement?

Question 22

Paid time off that an employer may offer to employees as an employee benefit.

Accepted Answer

Paid vacation

Answer

Sick leave

Answer

Unpaid leave

Answer

Maternity leave

Question 23

One of benefits that employers often offer to their employees in which they don't report to work and still received their salary.

Accepted Answer

Paid time off (PTO)

Answer

Unpaid leave

Answer

Overtime pay

Answer

Health insurance

Question 24

A means that employers may offer as to save for retirement; may include pensions or 410(K). _______

Accepted Answer

Retirement Plans

Answer

Vacation Plans

Answer

Health Insurance Plans

Answer

Savings Account

Question 25

A plan that allows employees to buy or receive company stock; offered as an employee benefit.

Accepted Answer

Employee Stock Ownership Plan

Answer

Health Savings Account

Answer

401(k) Plan

Answer

Flexible Spending Account

Question 26

A type of health insurance that covers all members of the immediate family health care bills to the extent outlined in the health care coverage plan.

Accepted Answer

Family health insurance

Answer

Individual health insurance

Answer

Travel insurance

Answer

Life insurance

Question 27

A type of health insurance that covers only the individual to the extent outlined in the health care coverage plan.

Accepted Answer

Individual health insurance

Answer

Group health insurance

Answer

Family health insurance

Answer

Travel health insurance

Question 28

A type of retirement plan where an employee receives compensation from the employer after retirement.

Accepted Answer

pension

Answer

401(k)

Answer

IRA

Answer

savings account

Question 29

A government program that offers benefits to eligible employees who, through no fault of their own, have become unemployed.

Accepted Answer

unemployment insurance

Answer

health insurance

Answer

retirement benefits

Answer

disability insurance

Question 30

Assistance to employees who are injured while working at their job; a program that is governed by state laws.

Accepted Answer

Workers' Compensation

Answer

Unemployment Insurance

Answer

Health Insurance

Answer

Disability Insurance

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Mathematics