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Medical Seminar

YBI Med Seminar Chap 12 Terms

QuestionAnswer
What is an amount of money or credit furnished in anticipation of repayment? advance
What is an ordered item that is not delivered when promised or demanded but will be filled at a later date? backorder
What is a plan for the coordination of resources and expenditures? budget
What are differences between conflicting facts, claims, or opinions? discrepancies
What is an accounting period of 12 months during which a company determines earning and profits? The year does not necessarily begin in January. fiscal year
What is a payment in recognition of acts or professional services, usually on a special occasion? honorarium
What is to become liable or subject to? incurred
What is to cause to become less harsh or hostle? Also, to make less severe or painful. mitigating
What is the practice of subcontracting work to an outside company? outsourcing
What is the ongoing administrative expenses of a business that cannot be attributed to any specific business activity but are still necessary for the business to function? overhead
What is a list of items included in a shipment? packing slip
What is acting in anticipation of future problems, needs, or changes? proactive
Created by: dsljulian