A key feature of group medical expense plans is the employee being required to pay a percentage of covered expenses in excess of the deductible. This feature is

A) other insurance.
B) coinsurance.
C) pro-rated insurance.
D) reinsurance.

Answer: B

Business

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One characteristic of scenario analysis is that:

A) it limits variation to only three of the more likely variable combinations. B) it allows only one variable at a time to change. C) all or nearly all variations are analyzed, regardless of likelihood. D) managers generate each variation by hand.

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Benchmarking often compares a company against a key competitor or the industry average

Indicate whether the statement is true or false

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