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CRCS - PRACTICE EXAM A > Credits
and Collections Already Passed
A liability for an injury or wrongdoing by one person to another resulting from a breach of legal duty is:
a. Bad deb b. Tort liability c. Judgement d. Indigent
b. Tort liability
Which of the following is not a recommended element of a written collection policy? (select one)
a. Minimum acceptable payments
b. Courtesy discharge policy
c. Discount policy
d. Charity care requirements and protocols
b. Courtesy discharge policy
The amount of time in which a claim must be collected before it is deemed paid or satisfied; no legal proceedings can be initiated after this period of time is:
a. Bad debt b. Judgement c. Lien d. Statute of limitations
d. Statute of limitations
Frequently referred to as a "reorganization" bankruptcy:
a. Chapter 7 b. Chapter 11 c. Chapter 12 d. Chapter 13
b. Chapter 11
This type of bankruptcy provides that only an entity with "regular annual income" may file a petition for relief:
a. Chapter 11 b. Chapter 12 c. Chapter 13 d. Involuntary
b. Chapter 12
Which of the following is not true of a discharged bankruptcy? (select one)
c. ADRR (Average Days of Revenue in Accounts Receivable)
Which of the following is not a GAAP (General Accepted Accounting Principles) applying to the cashier role? (select one)
a. Endorse checks immediately with “Payable to (Name of Office) Only”.
b. Maintain a payment log
c. Segregate duties
d. Store payments before they are deposited and other valuables in a fireproof safe.
a. Endorse checks immediately with "Payable to (Name of Office) Only".
What is the metric determined by dividing total revenue/charges for the period by number of days in the period? (select one)
a. Average Days of Revenue in Accounts Receivable (ADRR)
b. Average Patient Charge (APC)
c. Average Daily Revenue (ADR)
d. Average Days Cash on Hand (ADCH)
c. Average Daily Revenue (ADR)
What is the name for someone who moves or changes residence and fails to notify creditors, but normally has a forwarding address? (select one)
a. Intentional skip
b. Unintentional skip
c. False skip
b. Unintentional skip
Which of the following is not true of courtesy discharge? (select one)
a. It improves traffic flow
b. It results in more billing errors because there is one less opportunity to validate information.
c. It improves patient-hospital relations
d. It reduces need for additional staff at peak discharge times
b. It results in more billing errors because there is one less opportunity to validate information.
Type of bankruptcy that usually ends up as a Chapter 7 liquidation case:
a. Chapter 7 b. Chapter 11 c. Chapter 12 d. Chapter 13
b. Chapter 11
Type of bankruptcy that can be forced if there are fewer than 12 creditors, and one is owed at least $10,775:
a. Chapter 7 b. Chapter 12
a. Indigent b. Charity care c. Lien d. Judgement
c. Lien
A service provided that is never expected to result in cash flow is known as:
a. Charity care b. Statute of limitation c. Judgement d. Lien
a. Charity care
Type of bankruptcy is for farmers:
a. Chapter 7 b. Chapter 11 c. Chapter 12 d. Involuntary
c. Chapter 12
Type of bankruptcy accounts for about 70% of all bankruptcy claims:
a. Chapter 7
- b. Chapter
- c. Chapter
- d. Chapter
- a. Chapter
