Which Statement Relating to Workers' Compensation Insurance Is Not True

question 49

Multiple Choice

Which statement relating to workers' compensation insurance is not true?

• A) 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.
• B) It is compulsory for all employers to obtain this cover.
• C) The premium is deducted from employees' salaries and wages.
• D) The premium is based on a percentage of the total wages and salaries bill for the coming year.

---

Definitions:

SSR

In statistics, SSR stands for the Sum of Squares due to Regression, indicating the variation explained by the regression model.

SSE

Sum of Squares due to Error, a measure used in statistical analysis to quantify the dispersion of data points around a fitted line.

Multiple Coefficient

Often referred to as the coefficient of multiple determination in statistics, it measures the proportion of variance in a dependent variable that is predictable from independent variables.

SSR

Sum of Squared Regression, a measure used in statistical analysis to determine the variance explained by the regression line.