ATENEO DE ZAMBOANGA UNIVERSITY

SCHOOL OF MANAGEMENT AND ACCOUNTANCY (SMA)

Fr Eusebio Salvador, SJ Campus, La Purisima Street, Zamboanga City

ASSIGNMENT/TAKE HOME SHORT EXAMINATION

FINANCE 203 A (10:30 to 11:55 AM)

1. Of the six (6) basic employees benefits for protection as provided for under
the Labor Code (maternity for women, sickness, disability, retirement, death,
and funeral), to your view, which one is more important and why? Explain
briefly. (10 points)
ANS:
Retirement for me is one which is more important. Why? Because
having to be assured that you will have something back from working for
many years will help me one in his retirement. cash benefit either in monthly
pension or lump sum paid to a member who can no longer work due to old
age.

2. Insurance premium is the amount of money charged by an insurance

company for the life insurance plan to be considered actively covered until
fully paid. It is also called the Rate and is determined by some factors --- age,
health status, residence, etc. Why is age of the insured an important factor in
life insurance? Briefly explain. (10 points)
ANS:
Age is a factor because the younger you are the lower your rate will be.
This is simply because you are less likely to pass away when you are
younger. This is why insurance experts recommend buying a policy young.

3. Of the many provisions or contents in an Insurance Plan, name at least three

(3) important provisions or contents of an Insurance Policy or Plan, be it Life
or Non-Life insurance. Why are these important? Briefly explain each of the
three. (15 points)
ANS:
 4. Of the many reasons why Employers provide Health Insurance or Benefits to
their employees, which two (2) do you consider are important? Explain why?
(15 points)
ANS:
Loyalty and Allegiance and Gain tax advantages are what consider to the
most important reasons why. Because having loyalty and allegiance from the
employees will consequently lead them to be productive because of the care and
respect given by them from their employers; and when the employers are having to
achieve this, they will able to keep their good employees because of the
opportunities given by the employers, the healthy and active working space. To
strengthen more their competitive edge from the competitors, they offer gain tax
advantages that gives the employees something will increase their compensation
package which attracts good or better employees from the outside.

Note: This was supposedly the short exam last Wednesday, January 13, 2016. But
this is now an assignment or a take home short exam. Deadline for submission
through the email facility is on Friday, January 22, 2016 on or before 11:00
oclock in the evening. Minus ten (10) points for those who will submit beyond
11:00 PM.

RG Valerio
Instructor