Lecture 19 Review for the Midterm ExamMidterm Exam When and Where?Midterm ExamSample QuestionsSample Questions -(cont.)Topics the Exam CoversStudy TipsExam StrategiesLecture 19Review for the Midterm ExamDescribe ExamReview Major TopicsProvide Study Tipsand Exam StrategiesMidterm ExamWhen and Where?Monday, October 21, 20022-2:50 pm131 Animal Sciences LabMidterm Exam8-10 Questions in TotalSome with Multiple PartsUnless Otherwise Indicated, Each Part of Each Question is Worth 1 PointSome Short Answer QuestionsSome CalculationsSome Short Essay QuestionsExam is Open Book, Open NoteBring CalculatorSample Questions1. Briefly explain the meaning of each of the following terms commonly used in employee benefits (for some specified audience) A. PPOAnswer: A Preferred Provider Organization is a form of health insurance benefit plan that contracts with particular health care providers to obtain a reduced cost for treatment of plan members.Sample Questions -(cont.)2. Indicate the amount of taxable income for the employee generated by each of the following non-contributory employee benefits based on tax regulations applicable for 2002. Assume each plan is non-discriminatory based on applicable rules. A. The employer pays $300 to purchase $40,000 of group term life insurance coverage on a 70 year old retiree.Answer: 0Topics the Exam CoversEverything Covered in:Lectures 1-18Class ExercisesAssignments 1 and 2Student Class PresentationsPaper #1Study TipsReview the Homework Assignments Review Class ExercisesDo not memorize material, but know where it is located, if you need to look it upHave organized notesExam StrategiesAnswer all the questions you can answer without using your book and detailed notes first. Then, if you have time, use your book and detailed notes to help you answer the remaining questions.Do not get bogged down on a particular question. Skip it and come back, if you have time left.Remember that you have about 1 1/2 minutes per
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