Risk management is the transfer of certain risks from an individual to an insurance company
Indicate whether the statement is true or false
True
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Shamar is an upper-level manager at Fortune 500 company. The company feels like they are outdated and want to recreate their image and go in a different direction. What kind of planning will Shamar use to develop their new mission and long-range objectives?
a. long-range planning b. strategic planning c. single-use planning d. operational planning
Tamera’s organization provides group health insurance. She has a primary care physician who is her first point of contact for all preventative care and routine medical situations. Her primary care physician can provide her with referrals to specialists, if needed. However, to be covered, the specialists must be within her plan’s network. Her group health insurance is a ______.
A. fee-for-service plan B. health maintenance organization C. preferred provider organization D. health savings account service
Which of the following is an argument supporting the “current operating” income recognition school of thought?
a. Most financial statement users look only to bottom-line net income to assess current performance and to make predictions regarding subsequent years’ performance. b. Under this approach, management makes the decision on whether or not an item is extraordinary and therefore excluded from the income statement. c. The summation of all income displayed on the income statement for a period of years should reflect the reporting entity’s net income for that period. d. Proper classification within the income statement allows both normal recurring items and unusual, infrequently occurring items to be displayed separately within the same statement.
How is the number of days to collect accounts receivable computed? What information does this ratio provide?
What will be an ideal response?