Describe the major components of OASDI and the Medicare program.
What will be an ideal response?
The Old-Age component of Old-Age, Survivors, and Disability Insurance (OASDI) provides retirement payments to those who reach retirement age under the OASDI rules. If a worker becomes disabled, or dies before reaching retirement age and was otherwise eligible for Social Security retirement benefits, they or their survivors will receive benefits similar to the retirement benefit that they would have received in old age. Medicare is the national health-care program for the elderly or disabled. Individuals become eligible for Medicare at the same time as their eligibility for Social Security or disability retirement. Medicare covers at least part of the cost of hospitalization and non-hospital related care and provides prescription coverage options.
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Delta Faucet CompanyMasco is the name of a well-recognized company in the construction industry. It produces cabinetry, furniture, lighting, and plumbing fixtures for the upper-end homeowner and builder. One of the divisions of Masco is the Delta Faucet Company, which is the leader in the faucet industry. Delta Faucet was founded in 1955. Over the decades, it has developed a legacy based on well-crafted, high-quality products. Since the 1970s, Delta has focused its energies on building loyalty with the builder marketplace. Research in 2002 showed that while builders respect the Delta faucet for its quality, durability, and dependability, household consumers were not enamored with Delta products. Due to the number of new magazines and television programs devoted to home style, homeowners
wanted faucets that were chic and stylish. This was not the image of the Delta Faucet. To change its image, Delta Faucet began a marketing program in which it committed itself to developing new products to appeal to homeowners. It adopted a new slogan, "Beautifully Engineered."Refer to Delta Faucet Company. The reputation the Delta faucet has for its quality, durability, and dependability among builders is an example of a(n): A. tactical threat B. competitive advantage C. experience curve D. economy of scale E. market differentiator
Which of the following provisions must be included in a lease agreement for that agreement to be valid and enforceable??
A) A description of the leased premises B) The due date for payment of rent C) A requirement that the tenant have insurance D) A requirement that the landlord will perform all structural repairs to the property
Which of the following sentences is the most concrete?
a. Sales increased dramatically last quarter. b. Management will make a decision about our health insurance provider soon. c. The contract was sent under separate cover. d. Susan congratulated the staff for increasing sales $150,000 in the last two months.
A bank that deals primarily with commercial customers is called:
a. an Edge Act bank. b. a retail bank. c. a wholesale bank. d. a uniform bank. e. a liability bank.