MATCHING KEY TERMS AND DEFINITIONS

question 19

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-Organization that requires using specific physicians and health-care facilities to contain the rising costs of health care.

• A)Summary Plan Description
• B)Defined contribution plan
• C)Health Maintenance Organization
• D)Flexible benefits
• E)Workers' compensation
• F)Domestic partner benefits
• G)Legally required benefits
• H)Unemployment compensation
• I)Social Security
• J)PPO
• K)Employee benefits
• L)ERISA
• M)Consumer driven health plan (CDHP)
• N)Flexible spending accounts
• O)Defined benefit plan

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Definitions:

Depreciated

Refers to an asset that has decreased in value over time, typically due to wear and tear or obsolescence.

Sales Commission

A payment made to salespersons, often calculated as a percentage of sales revenue, for meeting or exceeding sales targets.

Maintenance

The activities and expenses related to the ongoing upkeep and repair of assets to ensure their functionality and efficiency.

Book Value

The net value of a company's assets minus its liabilities, as recorded on the balance sheet.