Which of the Following Statements About Recent Developments in Group

question 5

Multiple Choice

Which of the following statements about recent developments in group medical coverage is (are) true?
I.After increasing for many years,the premiums for group medical expense coverage have finally started to decline.
II.A growing number of employers are offering plans with higher deductibles for employees.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

---

Definitions:

Product or Service

The final output offered by a company to consumers, which can either be a tangible item (product) or an activity benefiting the customer (service).

Raw Materials Inventory

Goods or components that a company uses in the manufacture of finished products.

Completed Goods

Final products that have undergone the manufacturing process and are ready to be sold or distributed.

Cost

The total expense incurred in producing a product or providing a service, including materials, labor, and overhead charges.