WorksheetsApplied Finance review 4
Total questions: 20
Worksheet time: 10mins
A market where the price of an item is arranged by the mutual consent of sellers and buyers.
Free Market
Agent Market
Local Market
The integration among people, companies, and governments across geographical boundaries.
free market
globalization
integration
To unite with something else; to form, coordinate, or blend into a functioning or unified whole.
free market
interdependence
integration
The mutual responsibility and dependency on others.
interdependence
integration
globalization
When companies reduce costs by transferring portions of work to outside suppliers rather than completing it internally.
outsourcing
globalization
integration
AD&D stands for
Agents death and dismemberment policy
accidental death and dismemberment policy
accidental doing and documentpolicy
An employer-funded retirement plan with payouts to the retiree based on a formula that includes length of service and salary history, such as a pension.
defined-benefit plan
defined-contribution plan
disability insurance
A retirement plan in which a certain amount or percentage of money is set aside each year by the employee or the company, or both; payouts are dependent on the amount of contributions made
defined-benefit plan
defined-contribution plan
disability insurance
Insurance that pays a monthly benefit to workers who, because of injury or illness unrelated to work, cannot do their normal job or any other job.
accidental death and dismemberment policy (AD&D)
disability insurance
defined-benefit plan
A health care arrangement under which a health care provider charges, and the insurance company pays for, each service separately.
free market
fee-for-service (FFS)flex time
A work schedule that shifts working hours either earlier or later than usual, in order to accommodate an employee’s needs outside work (such as child care) or to avoid traveling at peak commute times.
fee for time
fee-for-service (FFS)
flex time
Insurance plans that include coverage for medical care, dental care, and vision care.
health insurance
market insurance
disability insurance
A health insurance plan that requires its members to receive services only from its network of providers. Benefits are typically provided at 100%, less a small ($10–$20) copayment.
health monitoring insurance
disability insurance
health maintenance organization (HMO)
Pay an employee receives when absent from work during a company-sanctioned day off from work.
corporate pay
holiday pay
benefit pay
Pay an employee receives (usually full regular salary) when absent from work because of a summons to appear for jury duty.
jury duty pay
holiday pay
corporate pay
Wages paid to an employee who is absent from work for illness.
military pay
holiday pay
sick leave pay
Company payments for tuition and/or fees for an employee to take coursework related to the job
telecommuting
work-related education assistance
zoom education
A right granted to employees to purchase company stock at a set price, within a certain time period
stock option
corporate pay
401-k
A plan that sets aside funds in an investment account for the employee’s retirement years.
402-plan
retirement plan
budget plan
Benefits paid for by employee deductions but not counted in the total income taxed, such as 401(k) contributions and health care premiums.
middle tax benefit
pretax benefits
after tax benefit
