Which of the Following Is/are True Regarding the Financing of a Charitable

question 41

Multiple Choice

Which of the following is/are true regarding the financing of a charitable organization?

• A)may obtain some or all of its financing from donations (contributions)
• B)does not issue common stock or other forms of shareholders' equity
• C)does not have retained earnings
• D)all of the above are true
• E)none of the above are true

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Definitions:

Insurance Adjustment

The process by which insurance claims are reviewed and settled, including the calculation of reimbursement amounts.

Secondary Insurance

Exists when a patient is covered under more than one insurance plan; charges are first submitted to the primary carrier, and any charges not covered are then submitted to the secondary carrier.

Error on Claim Form

An error on a claim form refers to mistakes or inaccuracies found on insurance claim documents, which can lead to delays or denials in payment.