Mark, an Accountant, Was Found Guilty of Embezzlement and Was

question 66

Multiple Choice

Mark, an accountant, was found guilty of embezzlement and was fired from his job. He had been receiving medical, dental, and optical benefits from his employer. On his termination, his employer refused to continue granting him these benefits. Which of the following courses of action can Mark take under the Consolidated Omnibus Budget Reconciliation Act of 1985?

• A) He can sue his employer for 10 percent of the annual cost of the group plan.
• B) He can sue his employer for $500,000.
• C) He can pay the premium for the policy to maintain his coverage.
• D) He cannot legally claim the benefits or any amount of money.

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Definitions:

Technological Advance

Technological Advance refers to the development and application of new technologies and improvements to existing technologies, which can increase efficiency, productivity, and quality of products and services.

Productive Efficiency

A situation in which the economy or an economic system is able to produce the maximum amount of goods and services from a given amount of resources.

Technological Progressiveness

The rate at which an organization or society adopts and implements new technologies, enhancing productivity and innovation.

Industry Concentration Ratio

A metric that assesses the degree of market control held by the largest firms within an industry, indicating the level of competition.