In 2008 the U

question 28

Multiple Choice

In 2008 the U.S. Congress passed GINA, an act that prevents insurance companies from

• A) requiring genetic testing for potential policy holders with a family history of certain types of genetic disorders.
• B) raising the rates of insurance premiums or denying coverage to people who have a pre-diagnosed health condition.
• C) increasing insurance costs for healthy individuals based on the results of genetic testing.
• D) denying insurance coverage to any U.S. citizen.
• E) refusing to pay for genetic screening of a fetus of a couple considered high risk for certain types of genetic diseases.

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Definitions:

Profitability

The ability of a business to earn a profit, reflected in the difference between its revenue and expenses.

Throughput Accounting

A principle of accounting focusing on the rate at which a system generates money through sales, highlighting production efficiency.

Financial Measures

Quantitative indicators used to assess the financial health, performance, or position of a business entity.

Operating Expenses

Costs associated with the day-to-day functions of a business that are not directly tied to the production of goods or services.