Author Question: EFG Company experienced a reduced demand for its products during a recession. EFG managers were ... (Read 55 times)

Collmarie · **on:** Jul 11, 2018

EFG Company experienced a reduced demand for its products during a recession. EFG managers were considering laying off some workers when the personnel director said, Let's not lay off these workers.

If we do, our unemployment insurance premiums will increase. The state considers employment stability when determining our premium. Considering the firm's employment record when determining the rate to charge for unemployment insurance is called
A) experience rating.
B) class rating.
C) schedule rating.
D) retrospective rating.

Question 2

Dale, age 65, was dismayed to learn about all of the deductibles, co-pays, limits, and exclusions in the Medicare program.

Dale bought a type of health insurance specifically designed to supplement Medicare, and selected his coverage from among 10 standard policies that private insurers offer. What type of health insurance did Dale purchase?
A) long-term care insurance
B) Medigap insurance
C) major medical insurance
D) viatical insurance