Which Factor Directly Affects the Health Care Cost of the Employer

question 33

Multiple Choice

Which factor directly affects the health care cost of the employer?

• A) Standard-of-living of workforce
• B) Age and gender composition
• C) Ethnic background of workforce
• D) Manual labors and nonmanual labor composition

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Definitions:

Actual Spending

The actual amount of money spent over a specific period, as opposed to budgeted or planned spending.

Budget

A financial plan that estimates income and expenses over a specified period of time.

Replenish Inventory

The process of adding stock to an inventory to maintain levels and ensure availability of products.

Average Price

The mean amount of money paid for a good or service, calculated by dividing the total spent by the number of units bought.