Which of the Following Is a New Protection Provided by the Health

question 50

Multiple Choice

Which of the following is a new protection provided by the Health Care Reform Act for people seeking health coverage?

• A)imposition upon the insurers to provide a lifetime limit on health benefits to all legal citizens
• B)continuation of medical insurance for people who have developed a terminal disease
• C)prevention of insurance companies from providing health care insurance to individuals with preexisting health conditions
• D)provision of mandatory medical insurance for health coverage for illegal immigrants

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Definitions:

LIFO Periodic

An inventory valuation method, Last In First Out, used in periodic inventory systems where the last items added to the inventory are assumed to be sold first.

Perpetual LIFO

Perpetual LIFO, or Last-In, First-Out, is an inventory accounting method continuously updating inventory and costs of goods sold by assuming the last items purchased are the first to be sold.

Ending Inventory

The worth of products ready for purchase at the conclusion of a financial period.

Cost Flow Assumption

A method adopted by businesses to value inventory and determine the cost of goods sold, such as FIFO (First In, First Out) or LIFO (Last In, First Out).