If Needed Information Is Missing from a Claim When It

question 83

Multiple Choice

If needed information is missing from a claim when it is submitted to an insurance carrier, it is referred to as a(n) :

• A) clean claim.
• B) dirty claim.
• C) erroneous claim.
• D) incomplete claim.

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Definitions:

Property, Plant, and Equipment

Long-term assets vital to business operations and not easily converted into cash, encompassing real estate, factories, machinery, and more.

Buildings

Assets classified in accounting as long-term or fixed assets, representing structures owned by a company for business use.

Return On Assets

A profitability ratio that measures how efficiently a company uses its assets to generate profit, calculated as net income divided by total assets.

Asset Turnover

A ratio that measures the efficiency of a company's use of its assets in generating sales revenue.