CEBS GBA
Liberty University
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CEBS GBA Exam 2 2023 LATEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+
- Exam (elaborations) • 135 pages • 2024
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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 feet...
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CEBS GBA Exam 1 LATEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+
- Exam (elaborations) • 74 pages • 2024
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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 relationship...
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CEBS GBA 1: Assignment 1 2013 Learning Guide for GBA 1 (Group Health Plan Design) 2023 LATEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+
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Broadview of employee benefits - ANSWER any form of compensation other 
than dirext wages paid to employees. includes gov required benefits and private 
plans. employers share of soc security tax, paid vacation and pension plans. 
narrow view of employee benefits - ANSWER any type of plan sponsored or 
initiated unilaterally or jointly by employers and employees engaged in provideng 
benefits that result from the employment relationship that are not underwritten or 
paid directly by the gov 
how...
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CEBS GBA 1: {Assignment 3 based on the 2013 learning guide for GBA 1 } LATEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+
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prepaid service plans - CORRECT ANS this type of plan provided a set 
allowance (level of benefit) for hospital/medical services and paid them directly to 
the provider 
ex: blue cross blue shield 
indemnity plans - CORRECT ANS plans that reimbursed or indemnified a set 
dollar amount to the subscriber 
first dollar coverage - CORRECT ANS plan pays benefits from the minute an 
expense is incurred. the subscriber pays no expense. this model was used in early 
hospital and medical plans when costs...
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CEBS GBA - Module 1 LATEST QUESTIONS WITH COMPLETE SOLUTIONS GRADED A+
- Exam (elaborations) • 14 pages • 2024
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Fringe Benefits - ANSWER Addition of benefits as an offset to higher labor 
Broad View - ANSWER "Virtually any form of compensation other than direct 
wages" 
Limited (Narrow) View - ANSWER Benefits that stem from an employment 
relationship, not underwritten or paid for directly by the government 
Reasons for growth in Employee Benefit Plans - ANSWER Business, tax 
legislation, collective bargaining, efficiency of the approach 
Labor Management Relations Act (Taft Hartley Act) - ANSWER Admini...
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