Which of the Following Descriptions of Workers' Compensation Schemes Is

question 41

Multiple Choice

Which of the following descriptions of workers' compensation schemes is true?

• A) Workers' compensation schemes are funded through employer on an opt- in basis.
• B) Compensation for partial disability is based on the difference between pre- accident earning capacity and post- accident spending capacity.
• C) Workers who suffer a partial, though temporary, incapacity are paid the same as they were prior to the accident during the length of their recovery.
• D) If a worker is killed during employment, no money comes out of the accident fund.
• E) none of the above

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Definitions:

Depreciation

This refers to the accounting process of allocating the cost of tangible assets over their useful lives, representing how much of an asset's value has been used up over time.

Office Equipment

Tangible items that are used in an office setting for operational purposes, such as computers, desks, and printers.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, usually comprising the balance sheet, income statement, and cash flow statement.

Profit Margin

Profit Margin is a financial metric that measures the percentage of revenue remaining after all expenses have been deducted from sales.