Does health insurance involve pure risk or speculative risk for the insurer? Explain
What will be an ideal response?
Answer: Health insurance involves speculative risk for the insurer. Speculative risk involves a chance of either gain or loss. The insurer collects premiums and then either gains or loses depending on the number and dollar value of the claims they have to pay out.
Explanation: Unless your business wants to "go bare" (have no health insurance at all—not recommended), you will want some sort of health coverage for yourself and, if you can afford it, your employees.
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Indicate whether the statement is true or false
Prarie Clinic purchased X-ray equipment for $4,000, paid $1,275 down, with the remainder to be paid later. The correct entry would be
A) Equipment 1,275Cash 1,275 B) Cash 1,275Accounts Payable 2,725Equipment 4,000 C) Equipment Expense 4,000Accounts Payable 1,275Cash 2,725 D) Equipment 4,000Accounts Payable 2,725Cash 1,275 E) Cash 1,275Equipment 1,275
When writing about a sensitive topic, you might use euphemisms rather than words that could offend your audience
Indicate whether the statement is true or false
The last step in a GAPS analysis is to write a journal that includes specialized knowledge or a number of skills that have helped one succeed in one's current and previous jobs.
Answer the following statement true (T) or false (F)