Which Statement Relating to Workers' Compensation Insurance Is Incorrect

question 10

Multiple Choice

Which statement relating to workers' compensation insurance is incorrect?

• A) The premium is deducted from employees' salaries and wages.
• B) It is mandatory for all employers to obtain this cover.
• C) The premium is based on a percentage of the total wages and salaries bill for the coming year.,
• D) It relates to an insurance scheme, imposed by law, whereby the employer purchases insurance which may be used to compensate employees for job related injuries and loss of wages.

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Definitions:

Homo Sapiens

The species name for modern humans, characterized by a high degree of intelligence, complex language capabilities, and the ability to create and manipulate technology.

Homogenous Species

A term inaccurately suggesting a species is genetically or phenotypically uniform; in reality, most species exhibit significant genetic and phenotypic diversity.

Gene Flow

The movement of alleles or genes from one population to another through various mechanisms, such as migration.

Regional Variations

Differences in language, culture, practices, or characteristics that vary from one region to another.