1. Lecture 19 Review for the Midterm Exam
Describe Exam
Review Major Topics
Provide Study Tips
and Exam Strategies

2. Midterm Exam When and Where?
Monday, October 21, 2002
2-2:50 pm
131 Animal Sciences Lab

3. Midterm Exam 8-10 Questions in Total Some with Multiple Parts
Unless Otherwise Indicated, Each Part of Each Question is Worth 1 Point
Some Short Answer Questions
Some Calculations
Some Short Essay Questions
Exam is Open Book, Open Note
Bring Calculator

4. Sample Questions
1. Briefly explain the meaning of each of the following terms commonly used in employee benefits (for some specified audience)
A. PPO
Answer: 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.

5. 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 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: 0

6. Topics the Exam Covers Everything Covered in: Lectures 1-18
Class Exercises
Assignments 1 and 2
Student Class Presentations
Paper #1

7. Study Tips Review the Homework Assignments Review Class Exercises
Do not memorize material, but know where it is located, if you need to look it up
Have organized notes

8. Exam Strategies
Answer 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 point.