Which of the Following Is True of Consolidated Omnibus Budget

question 39

Multiple Choice

Which of the following is true of Consolidated Omnibus Budget Reconciliation Act (COBRA) ?

• A)It requires employers to extend coverage for 36 months after termination due to gross misconduct.
• B)It requires employees to reduce the hours that lead to a gain of health insurance.
• C)The beneficiaries of employees who still have their health insurance have access to the same services.
• D)The beneficiaries of the employees get free coverage even if the employee has lost access to his health insurance.
• E)The beneficiaries receive the advantage of purchasing coverage at the individual rate.

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Definitions:

Average Variable Cost

The total variable costs (costs that change with the level of output) divided by the quantity of output produced.

Economic Loss

A situation where total costs exceed total revenues, resulting in a negative profit for a business or economy.

Short Run

A period of time during which at least one of a firm's inputs is fixed, affecting the firm's capacity to adjust to demand changes.

Short Run

The short run is a period in economics where at least one factor of production is fixed, limiting the adjustments a firm can make to its inputs.