What Is the Term Used for the Outstanding Amount Owed

question 33

Multiple Choice

What is the term used for the outstanding amount owed on a bill?

• A) Balance due
• B) Balance billing
• C) Patient balance
• D) Payment on account

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Definitions:

Long-term Version

The ability to focus on and plan for future achievements and outcomes over an extended period.

Scenario Planning

A strategic planning method that organizations use to envision and prepare for various future scenarios or outcomes.

Long-term Version

A strategic focus or approach that prioritizes long-term goals and outcomes over immediate gains or results.

Contingency Planning

The development of strategies and actions to deal with potential future events or situations that may disrupt normal operations.