Which of the Following Is True About Private Group Insurance

question 7

Multiple Choice

Which of the following is true about private group insurance?

• A)Concern for employee security explains the prevalence of employer-sponsored insurance plans.
• B)Disability insurance programs are mandatory in all high-risk occupations.
• C)Medical insurance programs are mandatory in all organizations.
• D)Individuals have more bargaining power when negotiating prices.
• E)Group insurance rates are typically higher than individual rates because of economies of scale.

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Definitions:

Ethics Audit

A systematic evaluation of an organization's ethical programs and practices, intended to identify strengths and areas for improvement.

Social Audit

The process of evaluating and reporting on an organization's social and ethical performance, typically assessing the impact on stakeholders and the community.

Ethics Audit

A systematic evaluation of an organization's ethics programs and practices, intended to identify potential areas of risk, non-compliance, or weakness in ethical conduct.

Triple Bottom Line

A sustainability framework that examines a company's social, environmental, and financial performance.