UK Holiday Buy & Sell Quiz
15 Questions
| Attempts: 76
Questions and Answers
- 1.Member can buy or sell holiday via the _____________ .
- A.
Member Flexible Benefits Page
- B.
ALBERT
- C.
LPS
- D.
LARA
- 2.Member can only select holiday benefit (buy or sell) during the ___________.
- A.
Lifestyle change
- B.
Annual enrolment window
- C.
Sick leave
- D.
Payroll cut-off
- 3.Can member's sell back the extra holiday they bought if they did not use it?
- A.
YES
- B.
NO
- 4.Member have the opportunity to trade their annual leave up by a maximum of 5 days to a maximum of __ days?
- A.
20
- B.
10
- C.
30
- D.
25
- 5.You are not able to make any changes to your choices on Holiday benefit bought or sold in the event of a Lifestyle change. The cost of the holidays or the payment due to you will be spread over the benefit year in equal installments.
- A.
True
- B.
False
- 6.Members who work 5 ‘short days’ per week are treated?
- A.
Part Time Members
- B.
Full Time Members
- C.
Contractual Members
- D.
Flexible Members
- 7.It is defined as any lifestyle event that is recognised under the scheme (for instance marriage or childbirth).
- A.
Member Change
- B.
Annual Change
- C.
Lifestyle Change
- D.
Flexible Change
- 8.If you are a new joiner or are returning to work following a life event you will not be able to flex leave at the next annual enrolment.
- A.
True
- B.
False
- 9.Scenario: Member have 25 days holiday and carry over 2 days the maximum holiday he can purchase is __ days.
- A.
3
- B.
5
- C.
2
- D.
10
- 10.Member have 25 days holiday and carry over 5 days, can they purchase additional holiday?
- A.
No
- B.
Yes
- 11.If you buy or sell holiday, the value of a day will be _____ of your Reference Salary.
- A.
1/620th
- B.
1/300th
- C.
1/260th
- D.
1/420th
- 12.If member had approval to carry over holiday due to exceptional business circumstances, the maximum of 30 days still applies.
- A.
True
- B.
False
- 13.It is the period for renewal of the flexible benefits for the coming benefits year?
- A.
Annual Flex Enrollment
- B.
Holiday Booking
- C.
Lifestyle Event
- 14.If you selected holiday benefit (buy and sell) for 2014 your choice will NOT be carried forward to 2015.
- A.
True
- B.
False
- 15.Member have the opportunity to trade down a maximum of ___ days to a minimum of 20 days if they are full time members.
- A.
10
- B.
5
- C.
30
- D.
15
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