Self-Insurance Refers To: the Practice of Setting Aside Funds to Pay

question 10

Multiple Choice

Self-insurance refers to: the practice of setting aside funds to pay for medical care expenses instead of paying premiums to an insurance company. Approximately, _______ of all employees who participate in group insurance plans work for firms that self-insure.

• A) starting one's own insurance company
• B) buying insurance from a not for profit entity
• C) setting aside fund to pay for medical care expenses instead of buying insurance
• D) none of these
• E) both a and b

---

Definitions:

Diagnose Situations

The process of identifying the nature or cause of a scenario or problem by examining the symptoms or indicators.

Best Leadership Style

A theoretical concept suggesting there is an optimal way of leading people that maximizes their performance and satisfaction, which may vary depending on context and individual differences.

Significant Challenge

A substantial obstacle or difficulty that requires considerable effort or innovation to overcome.

Vroom-Jago Contingency Variables

Factors that influence the effectiveness of decision-making processes, based on the Vroom-Yetton-Jago decision-making model of leadership.