Which of the Following Is Considered to Be a Responsibility

question 7

Multiple Choice

Which of the following is considered to be a responsibility of an insurance company?

• A)Establishing guidelines for employees in hospitals
• B)Establishing the rules of medical practice
• C)Managing third-party reimbursement
• D)Purchasing and managing hospitals and extended care facilities

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Definitions:

Stock Certificate

A document that serves as a stockholder’s proof of ownership in a corporation.

Negotiable Instrument

A written document signed by a person who makes an unconditional promise to pay a specific sum of money on demand or at a certain time to the holder of the instrument; an acceptable medium for exchanging value from one person to another.

Criminally Liable

The state of being legally responsible for the commission of a crime, subjecting the individual to criminal prosecution and penalties.

Corporate Officer

An executive or manager who holds a position of authority in a corporation, typically appointed by the board of directors.