Which of the Following Is an Objective of Workers' Compensation

question 262

Multiple Choice

Which of the following is an objective of workers' compensation law:

• A) provide sure, prompt, and reasonable income and medical benefits to work-accident victims or income benefits to their dependents, regardless of fault
• B) provide a certain remedy and reduce court costs and time delays associated with tort litigation
• C) prevent public and private charities from incurring the financial strains that would accompany uncompensated accidents
• D) reduce payment of fees to lawyers and expert witnesses
• E) all of the other specific choices are correct

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Definitions:

Direct Labor Cost

The compensation given to workers who are directly engaged in manufacturing products or providing services.

Raw Materials

The basic materials from which products are made, used in manufacturing processes to produce finished goods.

Direct Labor Wage Rate

The amount paid per hour or unit of production to manufacturing workers who are directly involved in converting materials into finished goods.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, such as utilities, rent, and salaries for employees not directly involved in production.