Which of the Following Statements Is True About Unemployment Compensation

question 54

Multiple Choice

Which of the following statements is true about unemployment compensation programs?

• A)It is a quasi-social private insurance.
• B)Private insurers are willing to provide this type of insurance.
• C)Unlike workers' compensation, this law does not transfer any financial element of a risk faced by the employee to the employer.
• D)Like workers' compensation, the firm's risk manager has a choice with regard to how the risk is handled.
• E)Neither private insurance nor self-insurance is permitted for these programs.

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Definitions:

Internal Market

A concept referring to the transactions, systems, and processes within an organization that facilitate internal exchanges similar to those in the external market.

Employees

Individuals who are hired by a business or organization to perform specific duties in exchange for compensation.

Marketing Plan

A comprehensive document or blueprint that outlines marketing strategies, tactics, and actions aimed at achieving marketing objectives.

Planning Process

A systematic sequence of actions directed towards the achievement of goals and objectives.