All of the Following Statements About Group Short-Term Disability Income

question 48

Multiple Choice

All of the following statements about group short-term disability income plans are true EXCEPT

• A)Most plans have a short elimination period for accidents but cover sickness from the first day of disability.
• B)Disability is usually defined in terms of the employee's own occupation.
• C)The amount of disability income benefits typically is equal to some percentage of a worker's normal earnings.
• D)Most short-term plans cover nonoccupational disability only.

---

Definitions:

Market Exit

The process of a company or business stopping operations or leaving a specific market or industry.

Concentration Ratio

The share of industry output in sales or employment accounted for by the top firms.

Industry Output

The total production or quantity of goods and services produced within a specific industry over a given period.

Top Firms

The leading or most successful companies in a particular industry or sector based on criteria like revenue, innovation, market share, or profitability.