Question 1

Match each term with its definition.
-All the outstanding amounts still due from a patient or customer to a doctor

Accepted Answer

A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement 
A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement

Question 2

The date by which payment should be made is called the:

Accepted Answer

A)  payment date 
B)  invoice date 
C)  due date 
D)  date of receipt 
A)  payment date 
B)  invoice date 
C)  due date 
D)  date of receipt

Question 3

Match each term with its definition.
-Total Payments for the Specific Period ÷ Total Charges (without considering write-offs)

Accepted Answer

A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement 
A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement

Question 4

Match each term with its definition.
-Information that is needed on a day-to-day basis in order for a company to conduct business

Accepted Answer

A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information 
A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information

Question 5

Match each term with its definition.
-Fund used when small payments are required

Accepted Answer

A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information 
A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information

Question 6

The petty cash fund is established by writing a check payable to "petty cash" or:

Accepted Answer

A)  the name of the person who manages the petty cash fund 
B)  the name of the bank from which the money will be drawn 
C)  "cash" 
D)  "recipient" 
A)  the name of the person who manages the petty cash fund 
B)  the name of the bank from which the money will be drawn 
C)  "cash" 
D)  "recipient"

Question 7

Match each term with its definition.
-Information used to help managers make informed business decisions when it comes to salary adjustments, benefits, office purchases, and so on.

Accepted Answer

A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information 
A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information

Question 8

If the petty cash fund was originally $50, and it has been depleted down to $3, a new petty cash check should be written for:

Accepted Answer

A)  $50 
B)  $53 
C)  $100 
D)  $47 
A)  $50 
B)  $53 
C)  $100 
D)  $47

Question 9

When your medical office receives an invoice from a supplier, in which section does the name of the medical practice appear?

Accepted Answer

A)  company details 
B)  client details 
C)  payment terms 
D)  fees 
A)  company details 
B)  client details 
C)  payment terms 
D)  fees

Question 10

Match each term with its definition.
-Current A/R Balance ÷ Average Monthly Gross Production

Accepted Answer

A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement 
A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement

Question 11

When invoices are held for payment, they are typically filed:

Accepted Answer

A)  in chronological order 
B)  in reverse chronological order 
C)  alphabetically by industry 
D)  alphabetically by the supplier's name 
A)  in chronological order 
B)  in reverse chronological order 
C)  alphabetically by industry 
D)  alphabetically by the supplier's name

Question 12

The _____ demonstrates the value of a business.

Accepted Answer

A)  net worth 
B)  assets 
C)  liabilities 
D)  accounts payable 
A)  net worth 
B)  assets 
C)  liabilities 
D)  accounts payable

Question 13

Match each term with its definition.
-Recording of financial transactions of a business

Accepted Answer

A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information 
A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information

Question 14

Match each term with its definition.
-Money and items of value in a business

Accepted Answer

A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement 
A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement

Question 15

To convert the gross collection ratio to a percentage, you:

Accepted Answer

A)  double it 
B)  triple it 
C)  divide it by 100 
D)  multiply it by 100 
A)  double it 
B)  triple it 
C)  divide it by 100 
D)  multiply it by 100

Question 16

Match each term with its definition.
-Demonstrates the profit and expenses for a given month and also includes year-to-date information for a given year

Accepted Answer

A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement 
A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement

Question 17

Match each term with its definition.
-System of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results

Accepted Answer

A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information 
A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information

Question 18

Match each term with its definition.
-Total Payments for the Specific Period ÷ Total Charges (with the write-offs deducted from the total charges)

Accepted Answer

A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement 
A) accounting formula 
B) accounts receivable ratio formula 
C) gross collection ratio formula 
D) net collection ratio formula 
E) cost ratio formula
F)assets
G)write-offs
H)liabilities
I)accounts receivable
J)income statement

Question 19

Match each term with its definition.
-Acquired material, property, and/or labor in exchange for money

Accepted Answer

A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information 
A) accounts payable 
B) expenditure 
C) invoice 
D) PDF 
E) fees
F)petty cash
G)accounting
H)bookkeeping
I)operating information
J)managerial accounting information

Question 20

Which of the following is not commonly considered an overhead expense?

Accepted Answer

A)  office supplies 
B)  postage 
C)  occupancy insurance 
D)  payroll 
A)  office supplies 
B)  postage 
C)  occupancy insurance 
D)  payroll

Exam 20: The Endocrine System

Match each term with its definition. -All the outstanding amounts still due from a patient or customer to a doctor

The date by which payment should be made is called the:

Match each term with its definition. -Total Payments for the Specific Period ÷ Total Charges (without considering write-offs)

Match each term with its definition. -Information that is needed on a day-to-day basis in order for a company to conduct business

Match each term with its definition. -Fund used when small payments are required

The petty cash fund is established by writing a check payable to "petty cash" or:

Match each term with its definition. -Information used to help managers make informed business decisions when it comes to salary adjustments, benefits, office purchases, and so on.

If the petty cash fund was originally $50, and it has been depleted down to $3, a new petty cash check should be written for:

When your medical office receives an invoice from a supplier, in which section does the name of the medical practice appear?

Match each term with its definition. -Current A/R Balance ÷ Average Monthly Gross Production

When invoices are held for payment, they are typically filed:

The _____ demonstrates the value of a business.

Match each term with its definition. -Recording of financial transactions of a business

Match each term with its definition. -Money and items of value in a business

To convert the gross collection ratio to a percentage, you:

Match each term with its definition. -Demonstrates the profit and expenses for a given month and also includes year-to-date information for a given year

Match each term with its definition. -System of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results

Match each term with its definition. -Total Payments for the Specific Period ÷ Total Charges (with the write-offs deducted from the total charges)

Match each term with its definition. -Acquired material, property, and/or labor in exchange for money

Which of the following is not commonly considered an overhead expense?

The Medical Assistant

The Health Care Team and the Medical Environment, Past and Present

Legal Issues

Ethical Issues

Verbal and Nonverbal Communications

Applying Communication Skills

Introduction to Medical Terminology

Understanding and Building Medical Terms of Body Systems

Anatomic Descriptors and Fundamental Body Structure

The Nervous System

The Senses

The Integumentary System

The Skeletal System

The Muscular System

The Respiratory System

The Circulatory System

The Immune System

The Digestive System

The Urinary System

The Reproductive System

Telephone Communications

Written Communications

Operating Computers and Office Equipment

Scheduling Appointments and Receiving Patients

The Medical Record, Documentation, and Filing

Health Insurance

Procedural and Diagnostic Coding

Patient Accounts

Preparing Insurance Claims and Posting Insurance Payments

Patient Billing, Posting Patient Payments, and Collecting Fees

Banking Procedures

Accounts Payable and Accounting Procedures

Infection Control and Medical Asepsis

The Medical History and Patient Screening

Body Measurements and Vital Signs

Preparing for Examinations

The Physical Exam

Specialty Exams and Other Procedures

Obgyn Examinations

Pediatric Examinations

The Physicians Office Laboratory

Specimen Collection and Processing

Blood Specimen Collection

Diagnostic Testing

Cardiology Procedures

Radiology Procedures

Preparing for Surgery

Assisting With Minor Surgery

Pharmacology Fundamentals

Measurement Systems, Basic Mathematics, and Dosage Calculations

Administering Oral and Non-Injectable Medications

Administering Injections and Immunizations

Emergencies in the Medical Office and the Community

First Aid for Accidents and Injuries

Rehabilitation

Nutrition, Exercise, and Healthy Living

Practicum and the Job Search

Maintaining the Office Environment

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