Which of the Following Is True of Workers' Compensation

question 6

Multiple Choice

Which of the following is true of workers' compensation?

• A)employees are compensated for workplace injuries and illnesses as long as the employer's negligence played a part
• B)experience rating provides employers with a strong incentive to prevent injuries by making the workplace safer
• C)because employees are hurt through no fault of their own, workers' compensation is designed to replace all of the income lost due to inability to work
• D)employers can always avoid paying workers' compensation if it can be shown that the employee's own careless actions contributed to the injury

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Definitions:

Liquidation Transactions

Financial operations associated with winding up a company's affairs, selling off its assets, and distributing the proceeds to creditors and shareholders.

Installment Program

A credit or loan arrangement that allows the borrower to pay back the principal and interest over a set period through regular payments.

Profit and Loss Ratio

Profit and Loss Ratio measures the relationship between profits gained and losses incurred in a business or trading activity.

Safe Payments

Safe payments are transactions that are conducted using secure methods to protect against fraud and unauthorized access to financial information.