Which of the Following About Individual Health Insurance Policies Is

question 62

Multiple Choice

Which of the following about individual health insurance policies is correct?

• A) They are used by employees of large organizations.
• B) All insurance companies that offer this type of policy are required to charge the same rates.
• C) They are primarily for employees of small companies.
• D) They are permitted for individuals only, not for families.
• E) They are available for the self-employed or others who are dissatisfied with the coverage that their group plan provides.

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Definitions:

Selling and Administrative Expense Budget

A detailed plan that estimates the expenses related to selling products and managing the business.

Fixed Costs

Costs that remain constant regardless of the amount of output or sales.

Variable Costs

Costs that change in proportion to the level of production or sales activity.

Direct Labor Budget

An estimation of the cost and amount of labor required for production or services, included within a company's overall budget planning.