State the benefits that can be claimed under workers' compensation. How are these compensation claims filed?
What will be an ideal response?
The amounts and types of benefits recoverable under workers' compensation are specified by each state's relevant statute. Most statutes cover medical, hospital, and rehabilitation expenses. Some statutes also cover "other treatment" or "appliances" necessary to treat workers for work-connected injuries. Compensation under state statutes also generally includes payment for lost wages. When employees become disabled as a result of their injury, most states have a schedule that determines the amount of compensation for the disability, as well as compensation schedules for loss of body parts. Thus, an employee who lost a toe in an industrial accident, even though not disabled as a result, would be entitled to some compensation for the loss. Most workers' compensation claims are handled by a state agency responsible for administering the compensation fund and adjudicating claims. In general, an employee who is injured fills out a claim form and files it with the responsible administrative agency. A representative of the agency then verifies the claim with the employer. If the employer does not contest the claim—and most do not—an employee of the bureau (usually called a "claims examiner") investigates the claim and determines the proper payment. If either the amount or the validity of the claim is contested, there is an informal hearing before a regional office of the agency. Most states provide for an appeals process within the agency. A dissatisfied party who has exhausted the administrative appeals process may appeal to the state trial court of general jurisdiction.
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Select the correct statement about the master budget.
A. The master budget usually includes operating budgets and capital budgets, and pro forma financial statements. B. Preparing the master budget begins with the cash budget. C. The budgeting process usually begins with preparing the strategic budgets. D. The master budget is a group of detailed budgets and schedules representing the company's operating and financial plans for the past accounting period.
Which of the following is a total dollar measure of liquidity?
a. accounts receivable turnover ratio b. cash to cash operating cycle c. number of days' sales in inventory d. working capital
According to the MLA Style Manual, in the list of works cited,
A) the date comes immediately after the author's name. B) electronic sources are not included. C) the titles of books and periodicals are put in quotation marks. D) all the main words are capitalized in the titles of books and articles.
Timothy volunteers to take on a heavy research assignment for his group project, even though he likely won’t be able to complete the assignment in time. No one else was willing to take the assignment, and Timothy felt that the needs of the group are far more important than his own needs. What conflict-handling style is Timothy employing?
a. obliging b. dominating c. compromising d. integrating