The Student Nurse Knows That Employer-Sponsored Health Insurance Was

question 26

Multiple Choice

The student nurse knows that employer-sponsored health insurance was:

• A) a new idea for health care financing invented after World War II.
• B) created by the federal government to stimulate the economy.
• C) never envisioned as being a permanent part of the health care arena.
• D) originally a way to increase revenue for doctors and hospitals.

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Definitions:

Disposed

Refers to the act of selling, transferring, or getting rid of an asset or property owned by an individual or company.

Gain

The increase in value of an asset or decrease in liabilities resulting in an increase in owners' equity, except those relating to contributions from owners.

Fully Depreciated

The status of an asset whose entire cost has been expensed and has reached the end of its useful life according to accounting standards.

Gain on Disposal

The financial profit obtained from the sale of a fixed asset when the sale price exceeds the book value of the asset.