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The following are the types of Qualified Deferred Compensation Plans:

• Defined Benefit Plan: A defined benefit plan is one in which the employer provides a pension for employees based on a formula.
• Defined Contribution Plan: A defined contribution plan relies on contributions from employees and employers to fund IRAs.
• Profit Sharing Plan: A profit sharing plan allows employers to contribute deferred compensation based on a percentage of company earnings each year.
• Money Purchase Plan: A money purchase plan uses a fixed percentage of employee earnings to defer compensation.

Chapter: Compensation and Benefits

Objective: Benefits

Answer option A is correct.OSHA inspections that will prevent injury or illness receive first priority. An imminent danger is one that has a reasonable certainty of death or serious injury occurring before normal enforcement procedures can occur. Catastrophes and fatal accidents (C) are given second priority. Programmed, high-hazard inspections (B) receive fourth priority, and employee complaints (D) have third. See Chapter 8 for more information.

Chapter: Risk Management

Objective: Risk Assessment

Answer option B is correct.The public-policy exception to the at-will doctrine prevents an employer from terminating an employee who is cooperating in a government investigation of wrongdoing. Options D and B are elements of at-will employment. Option C would also be allowed based on the at-will doctrine but could be affected by other common-law doctrines.

Chapter: Employee and Labor Relations

Objective: Review Questions

Answer option D is correct.Whistleblower standards protect an employee's right to file a complaint to OSHA about a workplace safety or health hazard. It is considered a basic employee right granted under the OSH act in 1970. Emergency action (A) is a type of plan required by OSHA, and the general duty clause (C) states that employers have a general duty to provide a safe and healthy workplace for employees.

Chapter: Risk Management

Objective: Review Questions