A(n)___________ Rate Simplifies Each of the Three Primary Rate Factors-Product,weight,and

question 63

Multiple Choice

A(n) ___________ rate simplifies each of the three primary rate factors-product,weight,and distance.

• A)class
• B)ad valorem
• C)density
• D)commodity

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Definitions:

Medical Bills

The invoices and financial charges generated for services rendered by health care providers, hospitals, and clinics.

Insurance Premiums

The amount paid periodically to an insurance company by the insured for coverage under an insurance policy.

Insurance Premiums

Payments made to an insurance company to buy and maintain an insurance policy, typically paid monthly, quarterly, or annually.

Deductible

A deductible is an amount paid by an insured party before the insurance company covers the remaining costs of a claim.