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Midterm Exam
| Question | Answer |
|---|---|
| Which of the following requires debt collectors to treat debtors fairly and without collection tactics such as harassment, false statements, threats, and unfair practices? | Fair Debt Collection Practices Act |
| Which of the following requires creditor to provide applicants with accurate and complete credit costs and terms? | Truth in Lending Act |
| A superbill | Includes the charges and procedures codes for each service rendered on that day |
| A medical provider or practice manager may periodically review which of the following reports to ensure accuracy of the books? | Trial balance |
| Another term for a write-off once system is _______ system. | Pegboard |
| Payment by credit card for a medical practice | Provides prompt payment from the credit card company |
| The fee a collection agency bills is a type of third party | Adjustment |
| Payment by credit card for a medical practice | Decreases the cash flow in the office |
| When the office manager or practitioner decides that an account is uncollectable, he or she will | Send the account to a collection agency |
| Any payment the medical office makes for goods or services is called | A limited check |
| A practitioner may use a __________ check when h wants to withdraw money from the bank account but forgot his checkbook. | Counter |
| When a patient has a credit balance | The practice owes the patient money |
| A payment arrangement in which the provider decides a patient will be billed every month for the full amount owed and should make whatever payment is possible each month is an | Unilateral agreement |
Created by:
LaShae_01