Reference no: EM132286728

1. Fee-for-service plans generally offer hospital expense, surgical expense and physician expense benefits.

A) True

B) False

2. Exclusive provider organizations are similar to PPOs in that they offer reimbursement for services provided outside the established network.

A) True

B) False

3. Employers can deduct the cost of the benefits they offer employees, from their annual income, as a business expense, if the cost is considered an ordinary and necessary expense.

A) True

B) False

4. Total compensation represents both monetary and nonmonetary rewards.

A) True

B) False

5. Which of the following would be considered stakeholders for a small? restaurant?

A. The? waitstaff, kitchen? workers, and managers who work there.

B. The customers who dine there.

C. The local bank that provided a line of credit to the? restaurant’s owners.

D. The local farmers who supply the restaurant with fresh ingredients for the meals it serves.

E. All of these are correct.

6. When it comes to successful? innovation:

A. rewarding employees for their creativity does not lead to a more creative organization.

B. the success rate for new products and product extensions is nearly 90 percent.

C. companies that incorporate fun into the workplace have lower levels of creativity than those that do not because employee productivity declines.

D. innovations in a? company's business? model, customer service? process, distribution? system, customer value? stream, and internal processes produce higher rates of return than product innovations.

E. the environment in which employees work has little impact on their creativity.

7. When Jill co signed a loan for her friend Emily she did not take a risk that Multiple Choice

a professional lender would not take

b. property she pledged could be lost

c. some overdue notices would not be sent to her

d. has full provincial protection

e. this liability would reduce her access to other credit.