Match the Term with the Appropriate Definition or Description

question 26

Multiple Choice

Match the term with the appropriate definition or description:
-Maximum set amount of a specific benefit that accrues over a person's entire life

• A)adverse selection
• B)capitation
• C)classical principles of insurance
• D)coinsurance
• E)community rating
• F)copayment
• G)deductible
• H)disparities
• I)fee-for-service
• J)health care savings accounts
• K)healthy worker effect
• L)individual or differential rating
• M)lifetime cap
• N)Medicaid
• O)Medicare
• P)moral hazard
• Q)underinsured
• R)uninsured

Recognize the role of corporate influence in political campaigns and ethical implications thereof.

Comprehend the concept of Corporate Social Responsibility (CSR) and its importance.

Identify the principles and criticisms of free market ethics as advocated by Milton Friedman.

Distinguish between different philosophies including utilitarianism, deontology, and the Ethic of Care.

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Definitions:

Savings

The portion of income not spent on current consumption but kept aside for future use or investment.

Executive Compensation

Refers to the total package of pay and benefits offered to an organization's top executives, including salaries, bonuses, stock options, and other financial rewards.

Real Wage

The purchasing power of wages, considering the effects of inflation; the amount of goods and services that can be bought with the wages.

Natural Capital

The world's stocks of natural assets which include geology, soil, air, water, and all living things.