Question

Cost sharing _____. a. involves employers sharing the costs of government-mandated health insurance plans with the government b. requires insurance firms to share profits with employers who purchase insurance plans c. allows employees to track their fund balances d. requires employees to pay for more of their benefit costs

Answer 1

Answer:

d. requires employees to pay for more of their benefit costs

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.

On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel, etc.

Cost sharing can be defined as a process in which an employee makes payment for a portion of the cost he or she incurred, especially benefit costs.

In Business management, cost sharing requires employees to pay for more of their benefit costs.