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Learn about the definition, types, and features of health insurance, a type of insurance that covers the risk of medical expenses. Compare public and private health insurance plans, and understand the terms and conditions of health insurance policies.
Insurance is a means of protection from financial loss in which a party agrees to compensate another party in the event of a certain loss, damage, or injury. Learn about the origins, concepts and forms of insurance from ancient times to modern days.
Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives.It is used to determine options which provide the best approach to achieving benefits while preserving savings in, for example, transactions, activities, and functional business requirements. [1]
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
Medicare is a federal health insurance program in the United States for people age 65 or older and younger people with disabilities. It covers hospital, outpatient, prescription drug, and private plan services, and is administered by the Centers for Medicare and Medicaid Services.
Standard Costing is a technique of Cost Accounting to compare the actual costs with standard costs (that are pre-defined) with the help of Variance Analysis. It is used to understand the variations of product costs in manufacturing. [6] Standard costing allocates fixed costs incurred in an accounting period to the goods produced during that period.
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