Which of the Following Statements Is True of Workers' Compensation

question 30

Multiple Choice

Which of the following statements is true of workers' compensation laws?

• A) Employers across all industries are required to pay a standard amount as insurance premium.
• B) Workers' compensation laws do not require employers to make payments for covering medical bills.
• C) Employees who work from home are generally not covered under workers' compensation laws.
• D) Under the workers' compensation laws, employers need to contribute to an insurance fund that compensates employees for injuries received while on the job.

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Definitions:

Officers

Individuals appointed by an organization’s board of directors who are responsible for the daily operation and management of the organization.

Dodd-Frank Act

Comprehensive financial reform legislation enacted in 2010 in the United States, aimed at reducing risks in the financial system following the financial crisis of 2008.

SEC

Stands for the Securities and Exchange Commission, a U.S. federal agency responsible for regulating the securities industry and protecting investors.

CEO's Compensation

The payment and benefits package provided to the Chief Executive Officer of a corporation, which may include salary, bonuses, stocks, and other benefits.