A Nurse Is Teaching a Class on the Basic Principles

question 11

Multiple Choice

A nurse is teaching a class on the basic principles of health insurance. The nurse asks the class about benefits of the Affordable Care Act to American citizens. What are some possible responses? Select all that apply.

• A)Expansion of Medicaid to include more people
• B)Coverage of young people under the age of 26 on their parents' health insurance policy
• C)Universal health coverage for all citizens
• D)Mandatory employer-paid coverage for all employees
• E)Expansion of access to and coverage of preventative care

---

Definitions:

Beginning Inventory

The value of the stock of goods a company has available for sale at the start of an accounting period.

Merchandise Purchases

The total cost of goods bought for resale during an accounting period. This includes both cash and credit purchases.

Periodic Inventory System

An inventory accounting method where updates to inventory levels are made at specific intervals, not continuously.

Ending Inventory

The value of the goods still available for sale by a company at the end of an accounting period.