Question: Claim audits usually evaluate both quantitative and qualitative factors. Which one of the following would be considered a quantitative measurement factor? A. Timeliness of reserving

Claim audits usually evaluate both quantitative and qualitative factors. Which one of the following would be considered a quantitative measurement factor?

A. Timeliness of reserving
B. Correct coverage evaluation
C. Litigation cost management
D. Accurate evaluation of insured's liability

Step by Step Solution

★★★★★

3.49 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provided below A quantitative meas... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...

The audit firm of DCG, LLP is performing an audit of Argo Co., a publicly traded company, for the year ending December 31, 2014. You have been given the assignment of assisting in the planning...

Multiple Choices Questions 1. Which of the following would be considered a significant deficiency in an organization's control environment? a. The internal audit function is outsourced to a public...

Claim audits usually evaluate both quantitative and qualitative factors. Which one of the following would be considered a quantitative measurement factor? Available answer options Select only one...

Claims audits evaluate both quantitative and qualitative factors. Identify the particular factors listed as being quantitative or qualitative by dragging them to the appropriate drop zone. Options...

U.S. Army Cost Benefit Analysis Guide 12 JANUARY 2010 Prepared by Office of the Deputy Assistant Secretary of the Army (Cost and Economics) Version 1.0 U.S. Army Cost Benefit Analysis Guide - V 1.0 2...

5, Putting Together an Evaluation Matrix An evaluation plan is a written document that describes the cWill/mat\Questions to ask yourself when putting together an evaluation matrix: Evaluation...

I posted two annual reports one is Microsoft and other one is Game Stop can i plzz know what are the similarity and difference Dividends we paid cast dividends of $40.5 million, $17.4 milion and...

How should a manager decide the appropriate service level for finished goods items? Should some items have a 100 percent service level?

1. (20 pts) Suppose that the city of Phoenix has started a new sustainability program, and that they are trying to decide how to spend their budget in the first year. After reviewing proposals, the...

A very good wind ink is a regional manufacturer of cherries, ribbons, plaques, and other awards. They want to expand operations to allow them to sell more products online and have a global reach....

On June 30, 2020, Culver Company issued $4,420,000 face value of 15%, 20-year bonds at $5,417,560, a yield of 12%. Culver uses the effective-interest method to amortize bond premium or discount. The...

What are the three basic control issues? Discuss each.

A (-9,0), B(-1,0)are two points if P is a point such that PA: PB = 3:1, then locus of 'P' is (A) 2? + y? = 9 (B) r? + y? 2 = 0 (C) y? = 9 (D) - y? = 2

A (1, 2), B (3, 4)and the locus of 'C' is 2x + 3y = 5, then locus of centroid of triangle ABC is (A) 27x + 21y 8 = 0 (B) 3x + 4y 2 = 0 (C) 6x + 9y 31 = 0 (D) 6x 9y 26 = 0

Is there evidence that a Pennsylvania resident's average monthly student loan payment differs from the national average monthly student loan payment of $299.00? what are the null hypothesis and the...

In preparation for the annual meeting of Barker County, the finance committee was meeting to discuss the financial reports that would be presented to the Board of Commissioners. The committee...

Robert Bland suggested that tensions may exist between stakeholders in a governments budget process. Identify examples of potential conflicts between the stakeholders . How are these conflicts...

1. Which of the following best describes the recommended format for the government-wide statement of activities? a. Revenues minus expenses equals change in net position. b. Revenues minus...

Kai operates the Surf Shop in Laie, Hawaii, which designs, manufacturers, and customizes surf boards. Hawaii has a 4 percent excise tax technically paid by the seller. However, the state also allows...

Root Beer, Inc. (RBI) is incorporated and headquartered in Seattle, Washington. RBI runs an internet business, makerootbeer.com, and sells bottling equipment and other supplies for making homemade...

What is the difference, if any, between the state of a business's commercial domicile and its state of incorporation?