The "Individual Mandate" Refers To

question 41

Multiple Choice

The "individual mandate" refers to:

• A) the requirement that Medicare cover all individuals living in the United States by 2014
• B) a tax credit that is given to all people who are unemployed and do not have health insurance coverage
• C) the requirement that uninsured individuals purchase health insurance
• D) the requirement that health insurance companies accept all applicants, regardless of pre-existing conditions
• E) a system of health care where the government owns and operates all medical facilities

---

Definitions:

Work in Process

Inventory that includes the cost of raw materials, labor, and manufacturing overhead for products that are in various stages of production but not yet complete.

Finished Goods

Finished goods that are prepared and available to be bought by customers.

Work in Process Inventory

Inventory that is in the process of being manufactured but is not yet complete.

Direct Materials Inventory

Raw materials that are directly used in the production process and can be easily traced to the finished product.