Identify the Choice That Best Completes the Statement or Answers

question 25

Multiple Choice

Identify the choice that best completes the statement or answers the question.
-The phrase "adjudicate a claim" means to

• A)decide if the claim has sufficient information to be paid.
• B)use software to "scrub" the claim for errors.
• C)review the claim for medical necessity.
• D)process the claim for settlement.

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Definitions:

Upward Sloping

A line on a graph that shows an increase in a certain variable as another variable increases.

Sunk Costs

Costs that have already been incurred and cannot be recovered, and therefore, should not be considered in making future economic decisions.

All-Day Ticket

A pass that allows unlimited use or access to a service, such as public transport or an event, for the entire day.

Marginal Benefit

The additional satisfaction or utility gained from consuming or producing one extra unit of a good or service.