DEFINITION OF EMPLOYEE BENEFITS AND POSTEMPLOYMENT BENEFITS -THEORIES

1. Which of the following is classified as a postemployment benefit?

a. Health insurance provided during employment
b. Unused vacation pay
c. Pension benefits
d. Performance bonuses

2. Which type of plan specifies the benefits an employee will receive at retirement?
a. Defined contribution plan
b. Defined benefit plan
c. Health savings plan
d. Stock option plan
3. Under IFRS, which standard specifically deals with employee benefits including
postemployment benefits?
a. IFRS 9
b. IAS 19
c. IAS 39
d. IFRS 15
4. What is the main difference between postemployment benefits and employment benefits?**
a. Postemployment benefits are paid during employment; employment benefits are paid
after retirement
b. Employment benefits are guaranteed by the government; postemployment benefits are
not
c. Postemployment benefits are paid after retirement; employment benefits are provided
during employment
d. Employment benefits are always tax-free; postemployment benefits are taxable

5. What typically falls under the category of employment benefits?

a. Pension plans
b. Severance pay
c. Health insurance during employment
d. All of the above

6. Which of the following is not considered an employment benefit?

a. Paid sick leave
b. Health insurance
 c. Retirement pension
d. Employee discounts

7. Severance pay is classified as:

a. An employment benefit
b. A postemployment benefit
c. Neither
d. Both

8. What is the main purpose of postemployment benefits?

a. To attract new employees
b. To provide financial and health security to former employees
c. To increase current employees' productivity
d. To train employees

9. These plans are usually established as part of the remuneration package for its employees
a. Remuneration package
b. Employment benefits
c. Postemployment benefits
d. Defined benefits plan

10. Which of the following statements is true?

a. Employment benefits and postemployment benefits are the same
b. Employment benefits include benefits like salary and bonuses
c. Postemployment benefits are provided to employees during their tenure
d. Employment benefits are provided after the end of employment