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An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - Answer-1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fund or program" for an employee benefit plan is def...

What is the basic assumption underlying concept of a free market and how is it challenged by the theory of "bounded rationality?" (Mod 1.1) - Answer-Rational customers will make informed decisions about value, quality and price, while producers who meet consumer's demands will be rewarded with market share and profit. What are economic benefits of a free market? (Mod 1.1) - Answer-If an individual does not like their provider or health plan, the should be able to "vote with their fe...

Broad view of Employee Benefits (Mod 1.1) - Answer-Considers Employee Benefits to be virtually any form of compensation other than direct wages paid to Employees (Ex: WC, Unemployment, State DI, SS, Vacation, Holidays, 401K/Retirement, Employer share of Medical, Severance Pay, Child Care, etc..) Narrow view of Employee Benefits (Mod 1.1) - Answer-Any type of plan sponsored or initiated by Employees and Employers and engaged in providing benefits that result from the employment relatio...

According to the RAND Health Insurance Experiment, which variable has the greatest power in explaining health expenditures? A.) Welfare eligibility B.) Prior utilization C.) Physical health (based on self-reported measures) D.) General health (based on self-reported measures) E.) Mental health (based on self-reported measures) - Answer-B.) Prior utilization A provision in some group life insurance plans that provides for the payment of all or part of the death benefit in the event ...

list the death benefit tips provided via employee benefits - Answer-1 group term life 2 group dependent life 3 group AD&D insurance 4 group travel accident insurance 5 joint and survivor annuity benefits under retirement plans 6 preretirement annuity benefits 7 supplemental/optional life ins for employees and dependents what law mandates that survivor benefits to spouses? - Answer-ERISA and REA What is REA, retirement equity act of 1984 - Answer-provides for a preretirement survivor an...

Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? - Answer-The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables? - Answer-It is a mathematical process that removes anomalies that should not...

Monosaccharides - Answer-glucose, fructose, galactose Disaccharides - Answer-sucrose, lactose, maltose Sucrose - Answer-glucose + fructose Maltose - Answer-glucose + glucose Lactose - Answer-glucose + galactose Polysaccharides - Answer-starch, cellulose, glycogen, pectin, dextrin Sorbitol - Answer-Alcohol from glucose; absorbed more slowly than glucose by passive diffusion; converted to fructose; Excess may cause diarrhea Essential Amino Acids (EAA) - Answer-threonine, valine, tryptopha...

A frozen meal contains steak, mashed potatoes, BHA, BHT, and TVP. The TVP is used to: 1. Add color 2. Improve taste 3. Retain water and add protein 4. Act as an emulsifier - Answer-3. Retain water and add protein A viscosimeter measures: - Answer-Consistency Adding bran to a recipe will: 1. Increase the volume 2. Decrease the volume 3. Require an increase in oven temperature 4. Require a decrease in over temperature - Answer-2. Decrease the volume An angel food cake is made without ...

The statement 'Approximately 15 students at the university were diagnosed with bulimia nervosa during 2011' is a statement of: A. Prevalence B. Incidence C. Morbidity D. Mortality - Answer-B. Incidence Cracked lips is a symptom of deficiency for which nutrient? A. Fat soluble vitamins B. Vitamin C C. Magnesium D. B vitamins - Answer-D. B Vitamins Which of the following food assistance programs provides supplemental food, nutrition education, referrals, and access to healthcar...

What are Joint Acquisition Programs? - ANSWER Joint Acquisition Programs is any acqusition system, subsystem, component, or technology program with astrategy that includes funding by more than one DoD component during any phase of a system's life cycle. Who decides to place programs under joint acquisition management? - ANSWER The MDA decides whether to place programs under joint management and designates the lead executive DoD component. What law requires an analysis of potential o...

You work at the Orange Sands Missile Range (OSMR) Legal Office. The SJA wants your advice on two pieces of equipment that he personally would like to see purchased for use in the common break area of the legal office. He wants to use appropriated funds to buy a refrigerator and a microwave. His rationale is that employees (both military and civilian) need a place to store and prepare food they bring in from home. You respond by telling him: - ANSWER Absent any local or service-level po...

You work at the Orange Sands Missile Range (OSMR) Legal Office. The SJA wants your advice on two pieces of equipment that he personally would like to see purchased for use in the common break area of the legal office. He wants to use appropriated funds to buy a refrigerator and a microwave. His rationale is that employees (both military and civilian) need a place to store and prepare food they bring in from home. You respond by telling him: - ANSWER Absent any local or service-level po...

Federal appropriations law can be categorized into which three topical areas? - ANSWER Purpose, Time and Amount In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom? - ANSWER DoD General Counsel, Courts What are the basic types of budget authority used in the Federal Government? - ANSWER Appropriations Contract Authority Borrowing Authority Monetary Credits Offsetting Collections and Receipts Loan and Loan Guarantee Authority Annual...

Genesis of US federal process can be traced to these events - ANSWER Declaration of independence, Articles of Confederation, Constitution ratified by 9 states, constitution took effect. What did amendment to articles of confederation require? - ANSWER Unanimous approval of all the states Essential principle of constitution? - ANSWER Everything you do must be legal in purpose, time and amount. What are the first 10 amendments to the consitution called? - ANSWER Bill of rights What d...

What prevents Congress and the President from unilaterally making laws and treaties? - ANSWER Separation of Power What give Congress the authority to make laws? - ANSWER Article 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? - ANSWER Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? - ANSWER Congress (Legislative Branch) What does the Congress of the US consist of? - ANSWER Senate (6 yrs); Hous...

s to the President and Congress and In cases where violations of fiscal law statutes occur, agencies must do what? - CDFM EXAM (4 DIFFERENT SUB MODULE 3.1 - 3.4) QUESTIONS AND CORRECT ANSWERS EACH SUB MODULE CONTAINS 100 QUESTIONS AND ANSWERSLATEST CDFM MODULE 3.1 What is the basic axiom of Fiscal Law? - ANSWER- The established rule is that the expenditure of public funds is proper only when authorized by Congress, not that public funds may be expended unless prohibited by Congress....

T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER 31 USC 1341, 1342, and 1517 ADA The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER Article 1 Section 8 clause 1, Article 1 Section 9 clause 7 T/F? Article 2 section 8 empowers Congress to collect ...

T/F? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act? - ANSWER FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the? - ANSWER 31 USC 1341, 1342, and 1517 ADA The 2 provisions of the US Constitution that provide the underpinning for the budget process are? - ANSWER Article 1 Section 8 clause 1, Article 1 Section 9 clause 7 T/F? Article 2 section 8 empowers Congress to collect ...

1.1.5: What was precursor to Constitution - when ratified? - ANSWER Art. Of Confederation (1781)) 1.1.5: What was required to amend the Art. Of Confed? - ANSWER unanimous approval of all states) 1.1.5: When was Constitution Ratified? Take effect? - ANSWER June 1788)(March 4, 1789) 1.1.6: Why Sep of Power among 3 branches so important? - ANSWER avoid strong central gov > tyranny) 1.1.6: What is Essential principle of Constitution? - ANSWER Gov must be confined to the rule of law)...

True or false? A working capital (Revolving) fund or part of that fund cannot violate the Anti Deficiency Act. - ANSWER FALSE Agencies are responsible for maintaining a system of accounting and internal controls to avoid violations of the _________. - ANSWER 31 USC 1341, 1342, and 1517 (AntiDeficiency Act) The appropriation time line for Military Construction is _______ years. - ANSWER 5 The appropriation time line for Procurement (excluding Shipbuilding and Conversion, Navy) is ______...