Which of the Following Is True

question 131

Multiple Choice

Which of the following is true?

• A) The growth of third-party payments during the last several decades has helped control inflation in the health-care sector.
• B) Public policy encourages Americans to purchase low deductible/low co-payment health insurance coverage through their employers.
• C) Low deductible health insurance coverage encourages health-care consumers to search for the best prices.
• D) The 2.9 percent Medicare payroll tax is sufficient to cover the cost of the promised future health-care services to senior citizens.

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Definitions:

Automate

The use of technology to perform tasks with minimal human intervention.

Overdraw

Occurs when an account's balance goes below zero because more money has been withdrawn from the account than was available.

Sales Receipt

A document that provides evidence of a transaction in which goods or services are purchased and paid for in full at the time of the sale.

Time of Sale

The exact moment a transaction is completed and finalized, often referring to the point when a customer makes a payment to a merchant in exchange for goods or services.