All of the following statements about cost controls in dental insurance plans are true EXCEPT
A) The coinsurance percentage used may vary by type of dental service.
B) Cosmetic dental work is usually excluded.
C) The limit on benefits may be expressed as an annual limit or as a lifetime limit for certain types of dental services.
D) To eliminate small claims, there is no coverage for routine oral examinations, X-rays, or cleaning teeth.
Answer: D
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Which of the following is true of the value-in-use pricing method?
A) The product price is set to provide customers with an attractive savings after considering the life-cycle costs of the product. B) The cost of making a product and the desired profit margin are the two primary determinants in setting a value-in-use price. C) Price is set by unbundling a product's features, placing a price on each, and then allowing customers to select the features they want at a price that they are willing to pay. D) It considers neither what the buyer would be willing to pay for product performance nor the cost of other similar products in the market. E) Price is set on the basis of the value that customers realize when they compare the price and benefits of the company's product with those of a key competitor's product.
The first step in the strategic brand management process is ________
A) measuring consumer brand loyalty B) identifying and establishing brand positioning C) planning and implementing brand marketing D) measuring and interpreting brand performance E) growing and sustaining brand value
A wireless network is comprised of access points and stations. Access points logically connect stations to a firm's network.
Answer the following statement true (T) or false (F)
Weirick, Inc., manufactures and sells two products: Product T8 and Product P4. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: EstimatedExpected ActivityActivity Cost PoolsActivity MeasuresOverhead CostProduct T8Product P4TotalLabor-relatedDLHs$132,4641,4005,4006,800Production ordersorders 32,6045007001,200Order sizeMHs 762,1064,3004,0008,300 $927,174 The total overhead applied to Product T8 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $435,683 B. $190,890 C. $168,578 D. $394,826