What is the purpose of stop-loss insurance that is used with self-insured group medical expense plans?
A) to require employees to buy insurance for losses in excess of some specified amount
B) to have a commercial insurer pay claims that exceed a specified limit
C) to obtain administrative services from a commercial insurer
D) to exempt self-insured plans from state insurance laws that require mandated benefits
Answer: B
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The control plan compare vendors for favorable prices, terms, quality, and product availability is directed primarily at which of the following control goals?
a. ensure effectiveness of operations b. input validity c. input accuracy d. input completeness
Which of the following project evaluation methods focuses on accounting income rather than cash flows?
A. Net present value. B. Payback period. C. Internal rate of return. D. Accounting rate of return. E. None of the answers is correct.
The ________ role is the set of behaviors that a person in a position believes he or she should enact.
A. expected B. organizational C. envisioned D. perceived
Early path-goal work led to development of a theory involving all of the following types of leader behavior except:
A. Directive B. Dictatorial C. Participative D. Supportive