All of the following changes would reduce the long-range deficit for the Social Security program EXCEPT A) increase the OASDI taxable wage base. B) delay scheduled increases in the full retirement age. C) make all OASDI benefits fully taxable. D) use general revenues of the federal government to help pay benefits. ANSWER Answer: […]
Which of the following statements about comparative negligence laws is (are) true? I. Under the pure rule, any negligence by the plaintiff automatically bars recovery for damages. II. Under the 50 percent rule, parties who are equally at fault are each allowed to recover damages. A) I only B) II only C) both I and […]
As an alternative to the Original Medicare Plan, beneficiaries can elect to enroll in private health insurance plans that cover all services that the Original Medicare Plan covers except hospice care. These private health insurance plans that are an alternative to the Original Medicare Plan are called A) Medigap Insurance Programs. B) PACE Programs. C) […]
Nancy was injured when she drove her car through a stop sign and was struck by Philip’s car. Philip saw Nancy and could have stopped. However, he failed to do so since he had the right-of-way. Nancy can recover damages from Philip under which of the following legal doctrines? A) vicarious liability B) the last […]
Which of the following statements about the impact of the implementation of the Affordable Care Act (ACA) on workers compensation is true? A) Implementation of the ACA will increase fraudulent workers compensation claims. B) Implementation of the ACA will create higher healthcare provider prices. C) Implementation of the ACA will reduce the waiting time to […]
A serious current concern with the Social Security program is the depletion of the Disability Income Trust Fund. Each of the following contributed to the depletion of the fund EXCEPT A) aging of the workforce and baby boomers B) changing to a less stringent definition of disability C) the increased number of women in the […]
Which of the following statements about torts is (are) true? I. The person who is injured or harmed by a tort is called a plaintiff or claimant. II. The punishment for committing a tort is damages in the form of money. A) I only B) II only C) both I and II D) neither I […]
Shareholders react to poor investment or dividend decisions by causing the total value of the firm’s stock to fall, and they react to good decisions by bidding the price of the stock up. Indicate whether the statement is true or false ANSWER TRUE
Under one type of Medicare Advantage Plan, members of the plan can see any doctor or health services provider that accepts Medicare patients. If members receive care outside the network of member physicians and care facilities, they must pay higher out-of-pocket costs. This type of Medicare Advantage Plan is a A) Medicare HMO. B) Medicare […]
The goal of profit maximization ignores the risk of financial decisions. Indicate whether the statement is true or false ANSWER TRUE
