The Inception of _____ Was Used as a Trial Balloon

question 20

Multiple Choice

The inception of _____ was used as a trial balloon for the idea of government-sponsored universal health insurance.

• A)workers' compensation
• B)trade unions
• C)public health
• D)health care for the veterans

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Definitions:

Supplies On Credit

Goods or materials obtained by a company on the agreement to pay for them at a later date.

Note Payable

A financial obligation represented by a formal written agreement to pay a specified sum of money at a future date.

Accounting Equation

The foundational equation in accounting, representing the relationship between assets, liabilities, and owner's equity: Assets = Liabilities + Owner's Equity.

Insurance Policy

A contract between an insurer and a policyholder specifying the terms for payout in the event of loss or damage.