What element of a contract does the application represent? 

1. A. offer 
2. B. acceptance 
3. C. consideration 
4. D. competent parties

Medicaid was created to expand the role of the federal government in health care financing by permitting the state to: 

1. A. invest money earmarked for health care spending 
2. B. allow state employees to purchase group health plans. 
3. C. receive matching funds to expand public assistance programs
4. D. borrow money on low-interest government loans for health care

The cause of a loss is called 

1. A. a peril. 
2. B. a hazard. 
3. C. an exposure. 
4. D. a risk.