EXAM COMPLETE QUESTIONS AND
VERIFIED ANSWERS GRADED A+
| LATEST UPDATE
What are deductibles tied to? - Correct Answer >
Individual coverages which are tied to exposures
Can you start the payment wizard when the claim is NOT at
ability to pay? - Correct Answer > No
In what status does a check need to be in to delete the check? -
Correct Answer > Awaiting submission
Why are there two transactions for final payments that do not
exceed the reserve line? - Correct Answer > The firs
transaction is the payment to the claimant(s), the second
transaction is to zero out the reserve line
,How many CHECKS are created when the payment wizard is
used 1 time to pay 3 people? - Correct Answer > Three,
each payee has a separate check (unless there are joint payees)
How many CHECK SETS are created when the payment wizard is
used 1 time to pay 3 people? - Correct Answer > One,
one checkset per use of the payment wizard
How many PAYMENT TRANSACTIONS are created when the
payment wizard is used 1 time to pay 3 people? - Correct
Answer > Unable to determine, the number of transactions
is not tied to the number of payees
Does a transaction require approval if it is NOT flagged by the
transaction approval rules but exceeds the users authority
limits? - Correct Answer > Yes
Does a transaction require approval if it does NOT exceed the
users authority limits but is flagged by the transaction approval
rules? - Correct Answer > Yes
, Does a transaction require approval if it does exceed the users
authority limits and is flagged by the transaction approval rules?
- Correct Answer > Yes
An authority limit consist of criteria and an amount. What three
values can optionally be specified to create the condition? -
Correct Answer > 1. Payment type
2. coverage type
3. cost type
What two things does CC do when it determines that a
transaction requires approval? - Correct Answer >
Create and assigns an approval activity to the supervisor, sets
the payment status as pending approval
If you reset the value that caused the CIQ (coverage in
question), is the CIQ removed? - Correct Answer > No.
only a supervisor or a user with the right permissions can
remove it