Which One of the Following Statements About the Compensation Insurance

question 119

Multiple Choice

Which one of the following statements about the compensation insurance scheme under the Workers' Compensation Act is False?

• A) Businesses covered by the Act are required to contribute to a no-fault fund that is used to pay for job-related accidents and diseases.
• B) If the injury is caused by the worker's own careless conduct, he will still receive compensation under the Act.
• C) When a worker is injured on the job through the fault of someone other than his employer, he cannot claim under the Workers' Compensation Act provisions.
• D) Legislation sets rates of compensation to be paid for different types of injuries.
• E) Employers pay different premiums depending on the nature and danger of the industry.

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash, properties, and machinery, used by a company to fund its operations and grow.

Saturated

A state or condition where a market has become so full or supplied to its maximum capacity that no further growth or expansion is possible.

Productive Economy

Refers to an economy that efficiently utilizes its resources to produce goods and services that meet the needs and wants of its population.

Commodity

Commodity denotes basic goods used in commerce that are interchangeable with other goods of the same type.