Most State Workers' Compensation Laws Permit an Employer to Retain

question 3

Multiple Choice

Most state workers' compensation laws permit an employer to retain the workers' compensation risk if it can be proven that:

• A)the employer's firm is public.
• B)the employer is financially able to pay claims.
• C)the firm's risk exposures for employees are minimum.
• D)the employer's firm has an asset of $5 million or more.
• E)the firm has an annual profit of $5 million or more.

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Definitions:

Mission Statement

A brief declaration of an organization's core purpose and focus that usually remains unchanged over time.

Narrow Mission

A clearly defined and focused organizational purpose that guides actions and decision-making.

Target Market

A specific group of consumers identified as the recipients of a marketing campaign or message, who are most likely to respond positively.

Executive Summary

A concise summary at the beginning of a business plan or document that outlines the main points and objectives.