As an Alternative to Traditional Workers' Compensation Coverage,some Employers Choose

question 4

Multiple Choice

As an alternative to traditional workers' compensation coverage,some employers choose a/an __________________ to provide medical care to injured employees.

• A) health benefit plan
• B) employee-sponsored fund
• C) managed care system
• D) OSHA funded plan

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Definitions:

Competitive Advantage

A strategic advantage one company has over its industry competitors, allowing it to generate greater sales or margins and/or retain more customers.

Competitive Edge

An advantage that a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.

Competitive Power

The ability of a company or nation to produce goods and services that meet the quality standards of the local and global markets at prices that are competitive and provide adequate returns on the resources employed.

Benchmarking

The act of evaluating one's business operations and performance indicators against the top standards or optimal practices observed in the sector or across different industries.