High deductible group health insurance plans have all of the following characteristics EXCEPT
A) health savings accounts or health reimbursement arrangements.
B) high dollar deductibles.
C) low coverage limits.
D) coinsurance.
Answer: C
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Profit responsibility refers to
A. the duty of a firm to maximize profits for its owners or stockholders. B. the view that an organization has an obligation to those who can affect the achievement of its objectives. C. the idea that organizations are part of a larger society and are accountable to that society for their actions. D. the obligation of a firm to price its products or services at a level whereby the consumer is treated fairly and the firm is still able to make a profit. E. the concept that no expansion or additional research and development will occur until a company is making a profit.
?Which of the following statements is true about a zero coupon bond?
A. A zero coupon bond is taxed as a capital gain at the time the bond matures.? B. ?A zero coupon bond is issued at a substantial discount below its par value. C. ?A zero coupon bond is issued at a coupon rate that adjusts for inflation. D. ?The interest received every year on a zero coupon bond is taxed as interest income. E. ?The discount on the issue of a zero coupon bond is written off over its life in the investor's financial statement.
A cost center responsibility report ________
A) includes depreciation expense B) typically focuses on the flexible budget variance C) is the same as a performance report D) shows all costs incurred by the department
What are the gains from hedging foreign exchange risk?
What will be an ideal response?