Which of the following statements about the financing of unemployment insurance benefits is true? A) Each state maintains its own trust fund at the state level, and the state pays qualified beneficiaries from the trust fund the state administers. B) While experience rating is used for other types of insurance, it is not used in […]
The goal of the firm’s financial managers should be the maximization of the total value of the firm’s stock. Indicate whether the statement is true or false ANSWER TRUE
Marion owns substantial financial assets. She was surprised that she qualified for Social Security retirement benefits when she retired because of her high investment income. What characteristic of social insurance programs is Marion overlooking with respect to her Social Security retirement benefits? A) Social insurance programs are financially self-supporting. B) Social insurance program benefits are […]
Tony is 48 years old. He earned the maximum taxable wage base under Social Security annually between the time when he was 26 and when he was 40. At age 40, he dropped out of the workforce to care for children as his wife had a high-paying job. Which statement is true regarding Tony’s insured […]
Which of the following statements about hospice benefits under the hospital insurance (Part A) portion of Medicare is (are) true? I. To become eligible for hospice care, a patient must first receive inpatient care for at least 10 consecutive days. II. Hospice benefits are provided to persons who are terminally ill. A) I only B) […]
Which of the following statements about problems and issues in workers compensation insurance is (are) true? I. Uncertainties created by the increasing use of medical marijuana is a growing problem for employers. II. Enactment of the Affordable Care Act led many employers to stop offering medical benefits as part of the workers compensation coverage on […]
Which of the following statements about the coverage of health care services under Part A of Medicare is (are) true? I. Services in the patient’s home are covered if the patient requires skilled care and meets certain conditions. II. Hospice care is available for beneficiaries with a terminal illness. A) I only B) II only […]
Frank is doing some life insurance planning. A financial advisor said, “be sure to consider Social Security when examining sources of funds available for family support if you die.” The financial advisor was referring to which Social Security benefit? A) retirement benefits B) survivor benefits C) disability benefits D) health insurance benefits ANSWER […]
As of this year, Brad, age 50, has 40 credits under the Social Security program. These credits were all earned in the last 10 years. What is Brad’s insured status under the program? A) He is currently and fully insured. B) He is currently insured, but not fully insured. C) He is fully insured, but […]
Each financial decision made by a corporate manager can be evaluated by its direct impact on the corporation’s stock price. Indicate whether the statement is true or false ANSWER FALSE
