Which of the Following Is True of COBRA Insurance

question 60

Multiple Choice

Which of the following is true of COBRA insurance?

• A)It is available to former employees of businesses that employ 100 or more workers.
• B)It is available to former employees of businesses that employ 50 or more workers.
• C)It is available to former employees of businesses that employ 20 or more workers.
• D)It is available to former employees of businesses that employ 5 or more workers.

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Definitions:

Additional Capital

Funds injected into a business by its owners or investors over and above the initial investment amount, usually to support growth or cover deficits.

Chief Characteristics

Principal or most significant features, properties, or attributes that distinguish a subject or entity.

Implied Covenant

A legal promise that is not expressly stated but is considered a fundamental part of a contract to ensure fairness and honesty.

Good Faith and Fair Dealing

An implied contractual obligation to act honestly and fairly towards the other party, avoiding taking unfair advantage in a transaction.