Question 1

Indicate whether the item applies to fixed costs or variable costs.

-collection costs

Accepted Answer

A)  fixed costs 
B)  variable costs 
A)  fixed costs 
B)  variable costs

Question 2

Which of the following ratios is calculated by dividing total expenses by the total number of procedures for 1 month?

Accepted Answer

A) Collection 
B) Cost 
C) Accounts receivable 
D) Accounts payable 
A) Collection 
B) Cost 
C) Accounts receivable 
D) Accounts payable

Question 3

Which of the following accounting systems utilizes "no carbon required" forms that are layered?

Accepted Answer

A) Single entry 
B) Double entry 
C) Pegboard 
D) Computerized 
A) Single entry 
B) Double entry 
C) Pegboard 
D) Computerized

Question 4

In medical practices, embezzlement can be decreased by doing all of the following EXCEPT?

Accepted Answer

A) Conduct regular and irregular audits. 
B) Allow employees to use a signature stamp. 
C) Seek honest personnel. 
D) Separate duties among several employees. 
A) Conduct regular and irregular audits. 
B) Allow employees to use a signature stamp. 
C) Seek honest personnel. 
D) Separate duties among several employees.

Question 5

Which of the following best describes a primary need of medical facilities to monitor more information?

Accepted Answer

A) Increased staff 
B) Decreased staff 
C) Longer hours 
D) Computerization 
A) Increased staff 
B) Decreased staff 
C) Longer hours 
D) Computerization

Question 6

Which of the following best describes a type of accounting that helps to determine the finances necessary for the ambulatory care setting?

Accepted Answer

A) Cost 
B) Financial 
C) Managerial 
D) Disbursement 
A) Cost 
B) Financial 
C) Managerial 
D) Disbursement

Question 7

If your facility chooses not to purchase accounting software or to use computers, an alternative would be to use what?

Accepted Answer

A) Managed care 
B) Service bureau 
C) Personal accountant 
D) Financial consultant 
A) Managed care 
B) Service bureau 
C) Personal accountant 
D) Financial consultant

Question 8

Which of the following is the recommended turnaround time of an efficient billing and collections policy?

Accepted Answer

A) 1 month or less 
B) 2 months or less 
C) 1 week 
D) 6 months 
A) 1 month or less 
B) 2 months or less 
C) 1 week 
D) 6 months

Question 9

Which of the following applies to the financial report that shows cumulative monthly profit and loss?

Accepted Answer

A) Aging analysis 
B) Balance sheet 
C) Cost ratio 
D) Income statement 
A) Aging analysis 
B) Balance sheet 
C) Cost ratio 
D) Income statement

Question 10

What is the common name for an employee withholding allowance certificate?

Accepted Answer

A) W-2 
B) W-4 
C) Pay stub 
D) W-A 
A) W-2 
B) W-4 
C) Pay stub 
D) W-A

Question 11

Which of the following is an unwritten promise to pay for credit purchases or services?

Accepted Answer

A) Debt collection 
B) Cost ratio 
C) Accounts payable 
D) Cost accounting 
A) Debt collection 
B) Cost ratio 
C) Accounts payable 
D) Cost accounting

Question 12

Indicate whether the item applies to fixed costs or variable costs.

-clinical supplies

Accepted Answer

A)  fixed costs 
B)  variable costs 
A)  fixed costs 
B)  variable costs

Exam 20: Accounting Practices

Indicate whether the item applies to fixed costs or variable costs. -collection costs

Which of the following ratios is calculated by dividing total expenses by the total number of procedures for 1 month?

Which of the following accounting systems utilizes "no carbon required" forms that are layered?

In medical practices, embezzlement can be decreased by doing all of the following EXCEPT?

Which of the following best describes a primary need of medical facilities to monitor more information?

Which of the following best describes a type of accounting that helps to determine the finances necessary for the ambulatory care setting?

If your facility chooses not to purchase accounting software or to use computers, an alternative would be to use what?

Which of the following is the recommended turnaround time of an efficient billing and collections policy?

Which of the following applies to the financial report that shows cumulative monthly profit and loss?

What is the common name for an employee withholding allowance certificate?

Which of the following is an unwritten promise to pay for credit purchases or services?

Indicate whether the item applies to fixed costs or variable costs. -clinical supplies

The Medical Assisting Profession

Health Care Settings and the Health Care Team

Coping Skills for the Medical Assistant

Therapeutic Communication Skills

The Therapeutic Approach to the Patient With a Life-Threatening Illness

Legal Considerations

Ethical Considerations

Emergency Procedures and First Aid

Creating the Facility Environment

Computers in the Medical Clinic

Telecommunications

Patient Scheduling

Medical Records Management

Written Communications

Medical Documents

Medical Insurance

Medical Coding

Daily Financial Practices

Billing and Collections

Infection Control and Medical Asepsis

The Patient History and Documentation

Vital Signs and Measurements

The Physical Examination

Obstetrics and Gynecology

Pediatrics

Male Reproductive System

Gerontology

Examinations and Procedures of Body Systems

Assisting With Minor Surgery

Diagnostic Imaging

Rehabilitation and Therapeutic Modalities

Nutrition in Health and Disease

Basic Pharmacology

Calculation of Medication Dosage and Medication Administration

Cardiac Procedures

Regulatory Guidelines for Safety and Quality in the Medical Laboratory

Introduction to the Medical Laboratory

Phlebotomy: Venipuncture and Capillary Puncture

Hematology

Urinalysis

Basic Microbiology

Speciality Laboratory Tests

The Medical Assistant As Clinic Manager

The Medical Assistant As Human Resources Manager

Preparing for Medical Assisting Credentials

Employment Strategies

Filters