Which of the following statements about the medical insurance (Part B) portion of Medicare is (are) true?
I. Participation in Part B of Medicare is voluntary.
II. It is provided at no cost to anyone who is fully insured under Medicare.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: A
You might also like to view...
Delicious Food Products is famous for its frosted fruit cake
The main ingredient of the cake is dried fruit, which Delicious purchases by the pound. In addition, the production requires a certain amount of direct labor. Delicious uses a standard cost system, and at the end of the first quarter, there was a favorable direct materials cost variance. Which of the following is a logical explanation for that variance? A) The production manager negotiated a lower wage package for production staff, bringing direct labor costs down. B) The factory lost two experienced workers at the beginning of the quarter, and their replacements worked at a much slower pace during their training period. C) The purchasing manager was able to secure a volume discount on dried fruit, purchasing the fruit for less than the amount set by standard. D) The production staff changed the work flow process so that there was less wastage of direct materials during production.
The Loan Estimate form provides borrowers with the ability to
A. shop around for a loan. B. cancel the contract if they can't find a good long. C. blame their real estate professional if the closing costs are too high. D. prevent escrow companies from charging too much for a referral fees to real estate professionals.