A Sign That Your Group Health Coverage Needs Supplementing Would

question 151

Multiple Choice

A sign that your group health coverage needs supplementing would be:

• A)it covers a minor portion of your dental bills.
• B)it covers a major portion of your hospital charges.
• C)it covers a major portion of your doctor bills.
• D)it covers over 50% of the going rate for surgical procedures.
• E)it covers a minor portion of your hospital,doctor,and surgical charges.

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Definitions:

Opportunity Costs

The loss of potential gains from other alternatives when one alternative is chosen.

Target Cash Balance

The optimal amount of cash a company sets as a goal to maintain for operational and contingency needs.

Lockboxes

Special post office boxes set up to intercept and speed up accounts receivable payments.

Accounts Receivable

The sum of money that customers owe to a company for products or services that have been provided but not yet compensated for.