Asked by Edgar Quinones on Jul 01, 2024
Verified
Toby is an engineer at a paint manufacturing company. However, a chemical spill at the factory caused an accident that left him permanently disabled. Which program is specifically designed to help employees like Toby?
A) unqualified retirement plan
B) vested-benefit plan
C) Social Security
D) defined-benefit plan
E) work-sharing plan
Chemical Spill
The release of a hazardous substance, either liquid or powdered, into the environment, potentially causing harm to people, property, or the natural surrounding.
Permanent Disability
A long-term impairment that significantly restricts an individual's ability to engage in work or other daily activities.
Social Security
The federal Old Age, Survivors, Disability, and Health Insurance (OASDHI) program, which combines old age (retirement) insurance, survivor's insurance, disability insurance, hospital insurance (Medicare Part A), and supplementary medical insurance (Medicare Part B) for the elderly.
- Gain insight into the responsibilities and defences that insurance offers within the workplace, including aspects of health, disability, and unemployment insurance.
Verified Answer
JC
Jordan Chapman6 days ago
Final Answer :
C
Explanation :
Social Security provides disability benefits to workers who have paid into the program and meet certain eligibility criteria, making it the program specifically designed to help employees like Toby who are permanently disabled due to an accident. The other choices listed are related to retirement plans and work-sharing arrangements, and do not provide disability benefits.
Learning Objectives
- Gain insight into the responsibilities and defences that insurance offers within the workplace, including aspects of health, disability, and unemployment insurance.