Some managed care plans use physicians, hospitals, and health care organizations that agree to make medical services available to insureds at discounted fees
Insureds are not required to use these entities, but if they do, health care costs are less than if these entities are not used. Such health care entities are called
A) Preferred Provider Organizations (PPOs).
B) Health Maintenance Organizations (HMOs).
C) Blue Cross/Blue Shield Plans.
D) Health savings accounts (HSAs).
Answer: A
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Risk exposures in the General Ledger and Financial Reporting Systems include all of the following except
a. loss of the audit trail b. unauthorized access to the general ledger c. loss of physical assets d. general ledger account out of balance with the subsidiary account
The accounts payable clerk is responsible for updating the AP Control accounts to reflect each vendor liability
Indicate whether the statement is true or false
Considering nonfinancial and financial goals, we can say
A) nonfinancial goals have no connection to financial goals. B) the most important financial goal is often considered financial independence. C) the most important financial goal is increasing our rate of savings. D) setting goals is unrealistic in a changing economic environment.
Sales tax is reported as revenue when it is collected, and reported as an expense when it is paid.
Answer the following statement true (T) or false (F)