What Word Describes Receiving Payment for Medically Unnecessary Services

question 3

Multiple Choice

What word describes receiving payment for medically unnecessary services?

• A) Abuse
• B) Negligence
• C) Fraud
• D) Malpractice

Recognize legal and regulatory frameworks governing nonprofit financial management, including endowment management and accounting practices.

Comprehend the importance of bookkeeping and the accrual basis of accounting for nonprofit organizations.

Gauge how nonprofits measure their success through financial and program results.

Identify different types of budgetary expenses and their classifications within a nonprofit setting.

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Definitions:

Income From Operations

This refers to the earnings generated from a company's normal business operations, excluding extraordinary items and expenses like taxes and interest payments.

Invested Assets

Assets that have been allocated to investments, such as stocks, bonds, or real estate, with the expectation of earning a return.

Minimum Acceptable

The lowest or least satisfactory condition or performance level that is considered adequate or permissible.

Income From Operations

This is a measure of the profit made from a business's core operations, excluding revenues and expenses from non-operational activities.