Identify the Choice That Best Completes the Statement or Answers

question 36

Multiple Choice

Identify the choice that best completes the statement or answers the question.
-Standardization of claims allows covered entities to

• A)communicate efficiently and quickly, which saves time and money.
• B)save the cost of new computer systems.
• C)simplify the billing process since all claims fit the same format.
• D)all of the above.
• E)both A and C.

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Definitions:

Business Judgment Rule

A legal principle protecting corporate directors and officers from liability for decisions made in good faith and in the best interest of the company.

Derivative Action

A lawsuit brought by a corporation’s shareholder on behalf of the corporation against a third party, often an insider of the corporation.

Uncertificated

Referring to securities or stocks that are not represented by a physical certificate, existing only as electronic records.

Physical

Physical pertains to anything related to the body or the material world, as opposed to mental or virtual aspects.