Which of the Following Statements Is Not True

question 10

Multiple Choice

Which of the following statements is not true?

• A)Physician expense insurance coverage normally excludes visits to the doctor's office,x-rays,and lab tests.
• B)Basic health insurance coverage includes hospital expense insurance,surgical expense insurance,and physician expense insurance.
• C)A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.
• D)A good health insurance plan should impose no unreasonable exclusions.
• E)A hospital indemnity policy is not a substitute for basic or major medical protection.

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Definitions:

GAAP

Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, including the rules and standards for financial reporting.

Fair Value

The approximate value for which an asset or liability might be traded between informed, willing participants in a fair deal.

Grant Date

The date on which an employee is given the option to purchase stock at a set price.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that are becoming the global standard for the preparation of public company financial statements.