Anna Contributes Pretax Dollars to an Account Managed by Her

question 93

Multiple Choice

Anna contributes pretax dollars to an account managed by her employer for her health care expenses. If she does not spend all of her money by the end of the year, she may forfeit it. What kind of plan does she have?

• A) FSA
• B) HRA
• C) Medicaid
• D) Medicare
• E) Self-funded health plan

Distinguish between actual express, implied, and apparent authority.

Identify the roles and powers of general and special agents.

Recognize the capacity requirements for principals and agents.

Understand the implications of an agent's authority in sales and transactions.

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Definitions:

Resource Allocator

A role or mechanism within an organization responsible for distributing and managing resources effectively.

Distributing Resources

The process of allocating financial, human, and material resources among various projects, departments, or units within an organization.

Mintzberg

Mintzberg refers to Henry Mintzberg, a renowned academic and author known for his work on business strategy, organizational structures, and management.

Managerial Roles

The specific behaviors and tasks that are expected of a manager, including planning, organizing, leading, and controlling.