UK Holiday Buy & Sell Quiz

15 Questions | Total Attempts: 33

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UK Holiday Buy & Sell Quiz


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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