Kimberley puts $200 pre-tax in a special account each month to use to help pay for her health care options. She is participating in a __________________
a. preferred provider organization
b. health maintenance organization
c. health savings account
d. consumer-driven health plan.
Ans: c. health savings account
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_________issue shares to customers and invest the proceeds in highly liquid, very-shortmaturity, interest-bearing debt instruments called money market investments.
a. Commercial banks b. Corporations c. Insurance companies d. none of the above
Melanie was just hired as the risk manager of JKL Company. The company president asked her to make a thorough review of all of the company's loss exposures
Melanie noted that many employees were too heavily invested in stock issued by the company in their 401-k plan. Melanie suggested that the employees change some of their investment holdings to mutual funds that invest in stock issued by different companies. The risk control method that Melanie suggested is A) risk avoidance. B) duplication. C) diversification. D) separation.