FREE DENTISTRY AND STUDY GAMES ABOUT CHAPTER 63

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FREE DENTISTRY AND STUDY GAMES ABOUT CHAPTER 63

EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -33 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: Customary fee

Answer:

A fee that is within the range of the usual fee charged for the service

Question 2: Fixed overhead

Answer:

Business expenses that are ongoing

Question 3: Change fund

Answer:

Fixed amount of cash

Question 4: Disbursememts

Answer:

Payments on nay outstanding accounts payable

Question 5: Provider

Answer:

The dentist who provides treatment to the patients

Question 6: Statement

Answer:

A summary of all changes, payments, credits, and debits for the month

Question 7: Packing slip

Answer:

An itemized listing of shipped goods

Question 8: Accounts payable

Answer:

Expenses and disbursements paid out from a business

Question 9: Invoice

Answer:

An itemized list of goods that specifies the prices and terms of sale

Question 10: Carrier

Answer:

The insurance company that pays the claims and collects premiums

Question 11: Net income

Answer:

Gross income minus expenses

Question 12: Responsible party

Answer:

Person who has agreed to pay for services or for an account

Question 13: Gross income

Answer:

The total of all professional income received

Question 14: Payee

Answer:

The person (or business) named on the checkas the recipient of the amount shown

Question 15: Audit trail

Answer:

Method of tracking the accurancy and completeness of bookkeeping recors

Question 16: Accounting

Answer:

A system designed to maintain the financial records of a business

Question 17: Current Dental Terminology (CDT)

Answer:

Publication that lists the procedure codes assigned to dental services for the processing of dental insurance

Question 18: Usual fee

Answer:

A fee that the dentist charges for a specific service

Question 19: Bookkeeping

Answer:

The process of managing the financial accounts of a business

Question 20: Bonding

Answer:

Form of insurance that reimburses an employer for loss resulting from theft by an employee

Question 21: Petty cash

Answer:

A limited amount of cash that is kept onhand for small daily expenses

Question 22: Coordination of benefits (COB)

Answer:

Coordinating insurance coverage between two insurance companies

Question 23: Deposit slip

Answer:

An itemized memorandum of funds to be deposited into the bank

Question 24: Transaction

Answer:

Any charge, payment, or adjustment made to a financial account

Question 25: Ledger

Answer:

A financial statement that maintains all account transactions

Question 26: Posted

Answer:

Describes the documentation of money transactions within a business

Question 27: Reasonable fee

Answer:

A fee that is considered justified for an extensive or complex treatment

Question 28: Walkout statement

Answer:

A written indication of any balance due on an account, given to a patient as he or she leaves the practice at the end of an appointment