Choose the Word or Phrase in [ ] Which Will

question 119

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-When there is a co-insurance or participation clause in a health insurance policy,the amount the insurance will pay is computed [before | after] the deductible is paid.

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Definitions:

Job Evaluation

A systematic process used by organizations to assess the relative value of jobs within the company to determine fair compensation.

External Equity

Perceived fairness in pay relative to what other employers are paying for the same type of work.

Compensation Process

The set of policies and mechanisms for determining employee pay, benefits, and other forms of remuneration.

Pay Level

A classification denoting the amount of compensation or salary assigned to a job, based on factors like complexity, responsibility, and market rates.