Question 1

What is the name of the form given to Medicare patients explaining that the cost of a procedure is the responsibility of the patient?

Accepted Answer

A)  Waiver of fees 
B)  Advanced beneficiary notice 
C)  Medical necessity form 
D)  Patient responsibility form 
A)  Waiver of fees 
B)  Advanced beneficiary notice 
C)  Medical necessity form 
D)  Patient responsibility form B

Question 2

Which of the following best describes the use of a charge slip?

Accepted Answer

A)  Provides a patient with account activity for the month 
B)  Provides a patient a receipt when payments are mailed 
C)  Supplements the pegboard system 
D)  Provides a patient with account activity for the day of service 
A)  Provides a patient with account activity for the month 
B)  Provides a patient a receipt when payments are mailed 
C)  Supplements the pegboard system 
D)  Provides a patient with account activity for the day of service D

Question 3

Which of the following would NOT be indicated on a bank statement?

Accepted Answer

A)  Listing of cleared checks 
B)  Deposits received by the bank 
C)  Service charges 
D)  Time check was written 
A)  Listing of cleared checks 
B)  Deposits received by the bank 
C)  Service charges 
D)  Time check was written D

Question 4

Which of the following is NOT a major advantage of the pegboard system?

Accepted Answer

A)  Forms work together to simplify the task 
B)  Complete up-to-date balance of accounts payable 
C)  Relatively inexpensive 
D)  Write-it-once system 
A)  Forms work together to simplify the task 
B)  Complete up-to-date balance of accounts payable 
C)  Relatively inexpensive 
D)  Write-it-once system

Question 5

Which of the following is NOT a procedural step when disbursing the petty cash funds?

Accepted Answer

A)  Sort all vouchers by account. 
B)  List all accounts involved. 
C)  Total vouchers for each account. 
D)  Write a check to replace funds. 
E)  Add receipts to original petty cash amount 
A)  Sort all vouchers by account. 
B)  List all accounts involved. 
C)  Total vouchers for each account. 
D)  Write a check to replace funds. 
E)  Add receipts to original petty cash amount

Question 6

In the case of divorced parents and blended families,which parent is considered to be the guarantor and is responsible for payment?

Accepted Answer

A)  Father 
B)  Parent with physical custody 
C)  Mother 
D)  Parent with the earliest birth date 
A)  Father 
B)  Parent with physical custody 
C)  Mother 
D)  Parent with the earliest birth date

Question 7

Which of the following is NOT a recommended rule in a manual bookkeeping system?

Accepted Answer

A)  Use a consistent black or blue ink color. 
B)  Write neatly and clearly, forming numbers carefully. 
C)  Align columns carefully using paper with grid lines. 
D)  If a mistake is found, cover up by using Wite-Out. 
E)  Be careful when placing or carrying decimal points. 
A)  Use a consistent black or blue ink color. 
B)  Write neatly and clearly, forming numbers carefully. 
C)  Align columns carefully using paper with grid lines. 
D)  If a mistake is found, cover up by using Wite-Out. 
E)  Be careful when placing or carrying decimal points.

Question 8

Which of the following is the type of endorsement that should be used in the ambulatory care setting?

Accepted Answer

A)  Blank 
B)  Limited 
C)  Full 
D)  Restrictive 
E)  Open 
A)  Blank 
B)  Limited 
C)  Full 
D)  Restrictive 
E)  Open

Question 9

Which of the following best classifies the adjustment column in the accounting process and its effect on the balance due?

Accepted Answer

A)  Credit column; increases balance 
B)  Debit column; decreases balance 
C)  Neutral; no change to balance 
D)  Debit column; increases balance 
E)  Credit column; decreases balance 
A)  Credit column; increases balance 
B)  Debit column; decreases balance 
C)  Neutral; no change to balance 
D)  Debit column; increases balance 
E)  Credit column; decreases balance

Question 10

Which of the following is used to reconcile a bank statement?

Accepted Answer

A)  Daily cash 
B)  Daily income 
C)  Accounts receivable 
D)  Depositor's checkbook 
A)  Daily cash 
B)  Daily income 
C)  Accounts receivable 
D)  Depositor's checkbook

Question 11

Which of the following is NOT the responsibility of the Medical Assistant in regard to the discussion of fees?

Accepted Answer

A)  Making sure providers receive education, training, and experience in diagnosis and treatment concerns 
B)  Informing the patient about provider charges 
C)  Collecting payments 
D)  Making credit arrangements if necessary 
E)  Making certain patients and their providers receive the full benefit of medical insurance 
A)  Making sure providers receive education, training, and experience in diagnosis and treatment concerns 
B)  Informing the patient about provider charges 
C)  Collecting payments 
D)  Making credit arrangements if necessary 
E)  Making certain patients and their providers receive the full benefit of medical insurance

Question 12

Which of the following is the first rule of purchasing?

Accepted Answer

A)  Check all items ordered when received. 
B)  Check invoices against items delivered. 
C)  Nothing is ordered or paid for without a purchase order. 
D)  Pay only for items received. 
E)  Do not pay for any orders before 30 days. 
A)  Check all items ordered when received. 
B)  Check invoices against items delivered. 
C)  Nothing is ordered or paid for without a purchase order. 
D)  Pay only for items received. 
E)  Do not pay for any orders before 30 days.

Question 13

On the ledger card,which column is used for entering payments?

Accepted Answer

A)  Credit column 
B)  Debit column 
C)  Balance column 
D)  Adjustment column 
A)  Credit column 
B)  Debit column 
C)  Balance column 
D)  Adjustment column

Question 14

Which of the following is the most appropriate action when balancing a petty cash account?

Accepted Answer

A)  Add $10 to the account weekly. 
B)  Add $25 to the account weekly. 
C)  Add $100 at the beginning of each month. 
D)  Add an amount equal to that spent. 
A)  Add $10 to the account weekly. 
B)  Add $25 to the account weekly. 
C)  Add $100 at the beginning of each month. 
D)  Add an amount equal to that spent.

Question 15

Which of the following is a primary advantage to the ambulatory care setting that accepts credit cards?

Accepted Answer

A)  No fees are paid. 
B)  Confidentiality is not a problem. 
C)  Money is not a problem. 
D)  Money is available within 24 hours or so. 
A)  No fees are paid. 
B)  Confidentiality is not a problem. 
C)  Money is not a problem. 
D)  Money is available within 24 hours or so.

Question 16

Which type of check has a stub attached that is used to indicate date and invoice numbers?

Accepted Answer

A)  Cashier's 
B)  Certified 
C)  Money order 
D)  Voucher 
E)  Traveler's 
A)  Cashier's 
B)  Certified 
C)  Money order 
D)  Voucher 
E)  Traveler's

Question 17

In a concierge-type medical practice,what do providers usually do?

Accepted Answer

A)  Set predetermined fees 
B)  Collect co-pays 
C)  Collect additional fees 
D)  Use a separate set of insurance guidelines 
A)  Set predetermined fees 
B)  Collect co-pays 
C)  Collect additional fees 
D)  Use a separate set of insurance guidelines

Question 18

Which of the following accounts is debited when a check is written to pay invoices?

Accepted Answer

A)  Accounts receivable 
B)  Accounts payable 
C)  Expenses 
D)  Checking 
A)  Accounts receivable 
B)  Accounts payable 
C)  Expenses 
D)  Checking

Question 19

Which of the following is NOT a requirement for the ABN form?

Accepted Answer

A)  Must be in writing 
B)  Must indicate the type of procedure(s) 
C)  Must include the final cost 
D)  Must include the reason the patient is responsible 
A)  Must be in writing 
B)  Must indicate the type of procedure(s) 
C)  Must include the final cost 
D)  Must include the reason the patient is responsible

Question 20

Which of the following is the most likely cause of the deposits not agreeing with the credits on the day sheet or the patient ledgers?

Accepted Answer

A)  There are duplicate cards. 
B)  Deposits were miscounted. 
C)  Cash is missing. 
D)  Payment is misplaced. 
A)  There are duplicate cards. 
B)  Deposits were miscounted. 
C)  Cash is missing. 
D)  Payment is misplaced.

Exam 19: Daily Financial Practices

What is the name of the form given to Medicare patients explaining that the cost of a procedure is the responsibility of the patient?

Which of the following best describes the use of a charge slip?

Which of the following would NOT be indicated on a bank statement?

Which of the following is NOT a major advantage of the pegboard system?

Which of the following is NOT a procedural step when disbursing the petty cash funds?

In the case of divorced parents and blended families,which parent is considered to be the guarantor and is responsible for payment?

Which of the following is NOT a recommended rule in a manual bookkeeping system?

Which of the following is the type of endorsement that should be used in the ambulatory care setting?

Which of the following best classifies the adjustment column in the accounting process and its effect on the balance due?

Which of the following is used to reconcile a bank statement?

Which of the following is NOT the responsibility of the Medical Assistant in regard to the discussion of fees?

Which of the following is the first rule of purchasing?

On the ledger card,which column is used for entering payments?

Which of the following is the most appropriate action when balancing a petty cash account?

Which of the following is a primary advantage to the ambulatory care setting that accepts credit cards?

Which type of check has a stub attached that is used to indicate date and invoice numbers?

In a concierge-type medical practice,what do providers usually do?

Which of the following accounts is debited when a check is written to pay invoices?

Which of the following is NOT a requirement for the ABN form?

Which of the following is the most likely cause of the deposits not agreeing with the credits on the day sheet or the patient ledgers?

The Medical Assisting Profession

Health Care Settings and the Health Care Team

History of Medicine

Coping Skills for the Medical Assistant

Therapeutic Communication Skills

The Therapeutic Approach to the Patient With Life-Threatening Illness

Legal Considerations

Ethical Considerations

Emergency Procedures and First AID

Creating the Facility Environment

Computers in the Ambulatory Care Setting

Telecommunications

Patient Scheduling

Medical Records Management

Written Communications

Medical Documents

Medical Insurance

Medical Insurance Coding

Billing and Collections

Accounting Practices

The Medical Assistant As Clinic Manager

The Medical Assistant As Human Resources Manager

Preparing for Medical Assisting Credentials

Employment Strategies

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