Doris Started a Business 2 Years Ago

question 37

Multiple Choice

Doris started a business 2 years ago.The business has been successful,and Doris is thinking about offering some employee benefits for her workers.She plans to offer a group term life insurance benefit.All of the following are usual eligibility requirements for participation in a group life insurance plan EXCEPT

• A)full-time employment.
• B)be actively at work when insurance becomes effective.
• C)apply for insurance during the eligibility period.
• D)satisfy a 2-year probationary period.

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Definitions:

Building

A structure established or built from materials to provide shelter or accommodate individuals, businesses, or activities.

Consolidation

The process of combining financial statements of parent and subsidiary companies into one comprehensive set of statements.

Fair Value

The estimated market value of an asset or liability, based on current conditions and informed market participant transactions.

Outstanding Common Stock

The shares of a corporation's common stock that are issued, sold, and actively held by investors, excluding any treasury stock.