An Advantage of Filing Claims Electronically Is

question 60

Multiple Choice

An advantage of filing claims electronically is:

• A) lower administrative costs.
• B) fewer claim rejections.
• C) faster payment.
• D) all of the above.

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Definitions:

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including loans, accounts payable, and mortgages.

Cash Dividends

Payments made by a corporation to its shareholder members as a distribution of profits.

Shares Reacquired

Shares that were previously issued and have been bought back by the issuing company, reducing the amount of outstanding stock on the open market.

Dividend Declared

The action by a company's board of directors to distribute a portion of the earnings to shareholders, specified as an amount per share.