INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 143

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-Premiums for Workers Compensation are paid by the [employees | employers].

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Par-value

The nominal or face value assigned to a share of stock by the company's charter, not necessarily reflecting its market value.

Actual Value

The true or fair market value of an asset or property, as opposed to its estimated or perceived value.

Indebtedness

A financial condition in which an individual or organization owes money to another party.

Debenture

A type of long-term debt instrument used by large companies to borrow money, at a fixed rate of interest.