"Obamacare

question 13

Multiple Choice

"Obamacare":

• A) included a provision for government-run health insurance called "the public option."
• B) was bitterly opposed by congressional Republicans because most favored a "single-payer" plan.
• C) survived two challenges to its constitutionality.
• D) was partially repealed in 2013 in order to avert a government shutdown.

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Definitions:

Goods in Process

Inventory items that are partially completed in the production process.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the ownership interest of the business owners.

Cash Withdrawals

The act of taking money out of an account, decreasing the account balance.

Assets

Resources owned or controlled by a company or individual with the expectation that they will provide future benefit.