Self Insurance Refers to the Practice of Setting Aside Funds

question 9

Multiple Choice

Self insurance refers to the practice of setting aside funds to pay for medical care expenses instead of paying premiums to an insurance company.Approximately, _______ of all employees who participate in group insurance plans work for firms that self-insure.

• A)one-fourth
• B)one-third
• C)one-half
• D)two-thirds
• E)three-fourths

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Definitions:

Teapot Dome Scandal

A major political scandal in the 1920s involving the illegal leasing of federal oil reserves by the Secretary of the Interior, Albert B. Fall.

Government Oil Reserves

Strategic reserves of petroleum maintained by a government for use during crises and to safeguard against sudden supply disruptions.

Walter Lippmann

An influential American writer, reporter, and political commentator known for being one of the first to introduce the concept of the "cold war" and for his deep analyses of public affairs.

American Voters

The citizens of the United States who are eligible to vote in local, state, and federal elections, contributing to the democratic process by selecting public officials and deciding on public issues.