Which One of the Following Statements About the Compensation Insurance

question 3

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 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.

---

Definitions:

Foreign Ownership

The situation where companies or assets are owned by investors or entities based outside the country in which the companies operate or the assets are located.

Net Inflow

The difference between the amount of money or resources entering and leaving a system or economy over a specific period.

Bretton Woods System

A monetary management system that established the rules for commercial and financial relations among the world's major industrial states in the mid-20th century.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold.