The "Individual Mandate" of the Affordable Care Act Refers to

question 11

Multiple Choice

The "individual mandate" of the Affordable Care Act refers to

• A)the requirement that Medicare cover all individuals living in the United States by 2014.
• B)a tax credit that is given to all people who are unemployed and do not have health insurance coverage.
• C)the requirement that uninsured individuals purchase health insurance.
• D)the requirement that health insurance companies accept all applicants,regardless of preexisting conditions.

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Definitions:

Direct Labor-Hours

The aggregate of direct labor hours required for manufacturing a good or rendering a service.

Variable Overhead

Indirect production costs that vary with the level of output, including supplies and utilities necessary for production but not directly tied to specific products.

Efficiency Variance

The difference between the actual amount of resources used in production and the amount that should have been used, reflecting efficiency in resource usage.

Direct Materials

Raw materials that are directly used in the production of a product, easily traceable to the product itself.