Administrative Medical Assisting Final
Exam well answered to pass graded A+
Which method divides patient accounts by alphabet or some other criteria to
send out portions of the monthly statements at certain times during the month?
a. Cycle billing
b. Monthly collections
c. Aging accounts
d. Payment cycling - correct answer ✔✔a. Cycle billing
"Trust" in regard to financial obligations is known as
a. bankruptcy.
b. credit.
c. faith.
d. petition. - correct answer ✔✔b. credit.
Fees for professional services rendered are also known as
a. assets
b. debits.
c. charges.
d. credits. - correct answer ✔✔d. credits.
,Which legislation specifies that if a business (medical practice) agrees to extend
credit to one customer (patient), the same financial arrangement must be
extended to all who request it?
a. Fair Debt Collection Practices Act
b. Equal Credit Opportunity Act
c. Federal Truth in Lending Act
d. Fair Credit Billing Act - correct answer ✔✔b. Equal Credit Opportunity Act
Which legislation applies to any business that charges interest or agrees to more
than four payments for a given service?
a. Fair Debt Collection Practices Act
b. Equal Credit Opportunity Act
c. Federal Truth in Lending Act
d. Fair Credit Billing Act - correct answer ✔✔c. Federal Truth in Lending Act
Statement usually shows a breakdown of the amounts that are due or delinquent,
and how many days they are delinquent is called a(an)
a. accounts receivable control.
b. balance sheet.
c. aging analysis.
d. monthly statement. - correct answer ✔✔a. accounts receivable control.
, Which fee schedule involves three components: a participating fee, a
nonparticipating fee, and a limiting charge?
a. Professional fee schedule
b. Medicare fee schedule
c. Managed care fee schedule
d. Private insurance fee schedule - correct answer ✔✔b. Medicare fee schedule
A phrase on a billing statement that remind a patient about a delinquent balance
is a
a. dun message.
b. threatening message.
c. warning message.
d. request message. - correct answer ✔✔a. dun message.
It a patient has no private of government insurance, charity care typically covers
___________ - correct answer ✔✔30%
When communicating fees to patients
a. a misquote is sometimes made and the medical assistant should not be
concerned.
b. the medical assistant should hesitate when stating the amount, to make sure it
is
c. the medical assistant should not apologize for the fee.
Exam well answered to pass graded A+
Which method divides patient accounts by alphabet or some other criteria to
send out portions of the monthly statements at certain times during the month?
a. Cycle billing
b. Monthly collections
c. Aging accounts
d. Payment cycling - correct answer ✔✔a. Cycle billing
"Trust" in regard to financial obligations is known as
a. bankruptcy.
b. credit.
c. faith.
d. petition. - correct answer ✔✔b. credit.
Fees for professional services rendered are also known as
a. assets
b. debits.
c. charges.
d. credits. - correct answer ✔✔d. credits.
,Which legislation specifies that if a business (medical practice) agrees to extend
credit to one customer (patient), the same financial arrangement must be
extended to all who request it?
a. Fair Debt Collection Practices Act
b. Equal Credit Opportunity Act
c. Federal Truth in Lending Act
d. Fair Credit Billing Act - correct answer ✔✔b. Equal Credit Opportunity Act
Which legislation applies to any business that charges interest or agrees to more
than four payments for a given service?
a. Fair Debt Collection Practices Act
b. Equal Credit Opportunity Act
c. Federal Truth in Lending Act
d. Fair Credit Billing Act - correct answer ✔✔c. Federal Truth in Lending Act
Statement usually shows a breakdown of the amounts that are due or delinquent,
and how many days they are delinquent is called a(an)
a. accounts receivable control.
b. balance sheet.
c. aging analysis.
d. monthly statement. - correct answer ✔✔a. accounts receivable control.
, Which fee schedule involves three components: a participating fee, a
nonparticipating fee, and a limiting charge?
a. Professional fee schedule
b. Medicare fee schedule
c. Managed care fee schedule
d. Private insurance fee schedule - correct answer ✔✔b. Medicare fee schedule
A phrase on a billing statement that remind a patient about a delinquent balance
is a
a. dun message.
b. threatening message.
c. warning message.
d. request message. - correct answer ✔✔a. dun message.
It a patient has no private of government insurance, charity care typically covers
___________ - correct answer ✔✔30%
When communicating fees to patients
a. a misquote is sometimes made and the medical assistant should not be
concerned.
b. the medical assistant should hesitate when stating the amount, to make sure it
is
c. the medical assistant should not apologize for the fee.
