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

question 54

Multiple Choice

Which of the following statements about group short-term disability income plans is true?

• 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 a worker being unable to work in any substantial,gainful employment.
• 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 occupational disability only.

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Definitions:

Marginal Revenue Product Curve

The marginal revenue product curve illustrates how a firm's revenue changes with the employment of an additional unit of a resource, holding other factors constant.

Product Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Product Price

The total money demanded to buy a given product or service.

Marginal Product

The extra production achieved through the use of an additional unit of a specific input, while keeping all other inputs unchanged.