Which of the following statements concerning social insurance benefits is (are) correct?
I. Social insurance benefits are heavily weighted in favor of upper-income groups because of their higher earnings.
II. Social insurance benefits are financed entirely or in part by mandatory contributions by covered employers and employees, and not by general revenues of the government.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
You might also like to view...
Our team has just the right mix of people with complementary skills and strengths. Our team is displaying which characteristic of team excellence?
A. standards of excellence B. clear norms of conduct C. competent team members D. principled leadership
Which of the following is the most appropriate term to use when describing management's duty to its shareholders?
a. Official duty b. Legal duty c. Fiduciary duty d. Statutory duty
Which is not an example of an independent contractor relationship?
A) Master/servant B) Lawyer/client C) Accountant/client D) All of the above are not independent contractors.
Ratio of total contribution margin to net income before taxes = €50,000/€14,000 = 3.57 Operating leverage = Total fixed cost/Total cost = €36,000/[5,000 kgs × €10 + €36,000] = 42%.
Francois French wants to increase after-tax profits to €35,000. Assuming sufficient demand, which strategy achieves this goal?
A. Sell 7,100 kgs at the present price
B. Pay the dairy €1/kg less and sell 7,500 kgs
C. Sell 8,000 kgs at €20.79/kg
D. Sell 7,500 kgs at the present price and eliminate the sales commission
E. None of the above