Test - GBA 1 - Practice Exam: Directing Benefits Programs Part 1 | 67 Questions with 100% Correct Answers | Verified | Latest Update

Which risk-handling techniques are being used by a firm that decides to not produce a dangerous chemical, to purchase insurance with a $10,000 deductible on its assets and to install a fire sprinkler system throughout the plant? - Avoidance, retention, insurance and control Which of the following statements regarding prescription drug rebates is correct? - A rebate occurs when there is an agreement between a pharmacy benefit manager and a drug manufacturer. There are several methods for evaluating health system performance. Accreditation by the NCQA is an example of which of the following methods? - Audit performance evaluation When a participant of a cafeteria plan makes a one-time election on coverage that stays in force from plan year to plan year unless the participant elects to make a change during the applicable election period, it is referred to as a(n): - Evergreen election