Cebs gba exam 2024 - Study guides, Class notes & Summaries
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CEBS GBA Exam 1 2024|Questions with Complete Solutions| Verified
- Exam (elaborations) • 58 pages • 2024
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Broad view of Employee Benefits (Mod 1.1) - Considers Employee Benefits to be virtually 
any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, 
State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, 
Child Care, etc..) 
Narrow view of Employee Benefits (Mod 1.1) - Any type of plan sponsored or initiated by 
Employees and Employers and engaged in providing benefits that result from the employment 
relationship and that are ...
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CEBS GBA Exam 3 2024 with 100% correct answers
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An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - correct answer 1) There must be a plan, fund or program. 
2) The plan, fund or program is established or maintained by an employer. 
3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 
4) Benefits are provided to participants and beneficiaries. 
 
Explain how a "plan, fund or program" for an employee benefit pla...
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CEBS GBA - Module 1 Exam Questions & Answers 2023/2024
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CEBS GBA - Module 1 Exam Questions & Answers 2023/2024 
 
 
Fringe Benefits - ANSWER-Addition of benefits as an offset to higher labor 
 
Broad View - ANSWER-"Virtually any form of compensation other than direct wages" 
 
Limited (Narrow) View - ANSWER-Benefits that stem from an employment relationship, not underwritten or paid for directly by the government 
 
Reasons for growth in Employee Benefit Plans - ANSWER-Business, tax legislation, collective bargaining, efficiency of the approach 
 
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CEBS GBA Exam 2 2024 with 100% correct answers
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What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - correct answer Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. However this is challenged by the consumer's "bounded rationality" - rational consumer is only functional up to a certain point because choices are ...
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CEBS GBA Exam 1 2024 with 100% correct answers
- Exam (elaborations) • 52 pages • 2024
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Broad view of Employee Benefits (Mod 1.1) - correct answer Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) 
 
Narrow view of Employee Benefits (Mod 1.1) - correct answer Any type of plan sponsored or initiated by Employees and Employers and engaged in providing benefits that result from the employ...
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CEBS GBA Exam 2 Questions & Answers 2023/2024
- Exam (elaborations) • 89 pages • 2023
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CEBS GBA Exam 2 Questions & Answers 2023/2024 
 
 
What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - ANSWER-Assumption that rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. However this is challenged by the consumer's "bounded rationality" - rational consumer is only functional u...
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CEBS GBA 1 Module 1 Exam 2023 – 2024
- Exam (elaborations) • 5 pages • 2023
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CEBS GBA 1 Module 1 Exam 2023 – 2024
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CEBS GBA 2 Practice Exam 2024 with 100% correct answers
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According to the RAND Health Insurance Experiment, which variable has the greatest power in explaining health expenditures? 
 
A.) Welfare eligibility 
 B.) Prior utilization 
 C.) Physical health (based on self-reported measures) 
 D.) General health (based on self-reported measures) 
 E.) Mental health (based on self-reported measures) - correct answer B.) Prior utilization 
 
A provision in some group life insurance plans that provides for the payment of all or part of the death benefit...
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CEBS GBA Exam 1 Questions & Answers 2024
- Exam (elaborations) • 52 pages • 2024
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CEBS GBA Exam 1 Questions & Answers 2024 
 
 
Broad view of Employee Benefits (Mod 1.1) - ANSWER-Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) 
 
Narrow view of Employee Benefits (Mod 1.1) - ANSWER-Any type of plan sponsored or initiated by Employees and Employers and engaged in providing benefits t...
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CEBS GBA 1 Practice Exam Questions (2022-2024)UPDATE VERIFIED BY EXPERTS!!
- Exam (elaborations) • 78 pages • 2024
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A prescription drug rebate occurs when: - ANSWERThere is an agreement between a pharmacy benefit manager and a drug manufacturer. 
 
The concept designed to make victims of losses whole again reflect the principle of: - ANSWERIndemnification 
 
A healthcare plan that has no restrictions on a member's choice of provider, no "steerage," and no basic utilization management is known as: - ANSWERIndemnity plan 
 
The legislation that plays a fundamentally important role in protecting sensiti...
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