COBRA Stands for

question 74

Multiple Choice

COBRA stands for

• A) Coverage of Benefits Reduction Act.
• B) Continuation of Benefits for Retirees Act.
• C) Consolidated Omnibus Budget Reconciliation Act.
• D) Coverage of Benefits for the Retired Act.
• E) Consolidation of Benefit Reapplication Act.

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Definitions:

Limited Partner

An investor in a partnership who does not have managerial control and whose liability for the partnership's debts is limited to the amount they invested in the business.

ULPA

Ultra-Low Penetration Air (ULPA) filters, which are more efficient than HEPA filters at trapping extremely small particles.

General Partners

Individuals in a partnership who have unlimited liability for the debts and obligations of the partnership, and who manage the operations of the business.

Limited Partners

Investors in a partnership who are not involved in day-to-day management and are only liable for the investment they have made in the business.