Question 1

All goals set for a medical office should be ________, so that success in meeting the goal can be seen.

Accepted Answer

The answer of All goals set for a medical office...

Question 2

A company's ________ are the rules or guidelines that dictate its day-to-day workings.

Accepted Answer

The answer of A company's ________ are the rules or...

Question 3

The medical assistant must understand the ___ __ ____ in the office so she will know which authority to report to as a first step when issues arise.

Accepted Answer

The answer of The medical assistant must understand the ___...

Question 4

Gross earnings minus total deductions equal ________ earnings.

Accepted Answer

The answer of Gross earnings minus total deductions equal ________...

Question 5

Bill's wife was diagnosed with colon cancer and underwent surgery last week. She is currently undergoing chemotherapy and is both very ill and very weak. Which of the following will allow Bill to stay at home and take care of his wife for up to 12 weeks, without pay, without losing his job?

Accepted Answer

A)   Equal Employment Opportunity Commission
B)   Fair Labor Standards Act
C)   Family Medical Leave Act
D)   Equal Pay Act
E)   Americans with Disabilities ActF) C) and D)
G) A) and E)

Question 6

When a medical assistant travels for educational purposes with expenses covered by the practice, she should keep all receipts and complete a(n) ________ in order to be reimbursed for expenses.

Accepted Answer

The answer of When a medical assistant travels for educational...

Question 7

Another name for the Employer's Quarterly Federal Tax Return is ____.

Accepted Answer

A)   Form 940
B)   Form 941
C)   Form W-2
D)   Form W-3
E)   Form W-4F) C) and D)
G) A) and C)

Question 8

Every three months, a more complete accounting of federal taxes is required on the ____.

Accepted Answer

A)   FTD coupon
B)   Employer's Quarterly Federal Tax Return
C)   FUTA Tax Return
D)   SUTA Tax Return
E)   Wage and Tax StatementF) B) and D)
G) C) and D)

Question 9

A commission is ____.

Accepted Answer

A)   a set amount of money per hour of work
B)   a set amount of money per pay period, regardless of the number of hours worked
C)   a percentage of the amount an employee earns for the employer
D)   the total amount of income after deductions
E)   the total amount of income before deductionsF) B) and C)
G) A) and E)

Question 10

If an employee earns $8 per hour and works 35 hours per week, the employee's gross weekly earnings are ____.

Accepted Answer

A)   $240
B)   $280
C)   $300
D)   $340
E)   $380F) C) and D)
G) A) and C)

Question 11

On which form will the number of dependents an employee is claiming, for tax purposes, be found?

Accepted Answer

A)   Form I-9
B)   Form 941
C)   Form W-4
D)   Form SS-4
E)   Form W-2F) A) and B)
G) C) and D)

Question 12

An employee's pay ________ shows how often the employee is paid; most commonly, this is weekly, biweekly, or monthly.

Accepted Answer

The answer of An employee's pay ________ shows how often...

Question 13

Which of the following statements applies to an electronic funds transfer system (EFTS) ?

Accepted Answer

A)   The medical assistant must sign up for EFTS with the bank.
B)   The money is available to the employee the day after the deposit.
C)   The need for an employee check stub is eliminated.
D)   Employee bank account numbers are not needed for EFT transfers.
E)   The employee does not have to worry about losing the paycheck.F) A) and D)
G) None of the above

Question 14

Which of the following insures employees against possible loss of income resulting from a work-related injury, disability, or disease?

Accepted Answer

A)   Federal Unemployment Tax Act
B)   Medicare
C)   Medicaid
D)   Workers' compensation
E)   FUTAF) B) and D)
G) B) and C)

Question 15

The medical office's ________ is created annually and predicts the expenses and revenues related to operations over a given period of time.

Accepted Answer

The answer of The medical office's ________ is created annually...

Question 16

Which of the following information is most likely to be located in the P&P manual for a medical office?

Accepted Answer

A)   Physician credentials
B)   Practice budget
C)   Dress code
D)   Meeting agendas
E)   Earnings recordsF) A) and D)
G) C) and D)

Question 17

The list of topics for a meeting and the order in which they will be addressed is called a(n) ________.

Accepted Answer

The answer of The list of topics for a meeting...

Question 18

A form required by a facility when an adverse outcome or event with risk of liability occurs is a(n) ________, or occurrence report.

Accepted Answer

The answer of A form required by a facility when...

Question 19

To avoid writing checks for small amounts, you may pay for small purchases using the ________ fund, which is cash that is kept on hand in the office.

Accepted Answer

The answer of To avoid writing checks for small amounts,...

Question 20

A pay schedule ____.

Accepted Answer

A)   outlines the number of dependents
B)   refers to the total amount of income earned before deductions.
C)   verifies the employee's eligibility for employment
D)   determines the type of voluntary deductions taken
E)   shows how often an employee is paidF) B) and C)
G) A) and E)

Exam 56: Practice Management

Which of the following insures employees against possible loss of income resulting from a work-related injury, disability, or disease?

Correct AnswerverifiedShow Answer

All goals set for a medical office should be ________, so that success in meeting the goal can be seen.

Correct AnswerverifiedShow Answer

On which form will the number of dependents an employee is claiming, for tax purposes, be found?

Correct AnswerverifiedShow Answer

When a medical assistant travels for educational purposes with expenses covered by the practice, she should keep all receipts and complete a(n) ________ in order to be reimbursed for expenses.

Correct AnswerverifiedShow Answer

Every three months, a more complete accounting of federal taxes is required on the ____.

Correct AnswerverifiedShow Answer

A form required by a facility when an adverse outcome or event with risk of liability occurs is a(n) ________, or occurrence report.

Correct AnswerverifiedShow Answer

A company's ________ are the rules or guidelines that dictate its day-to-day workings.

Correct AnswerverifiedShow Answer

Bill's wife was diagnosed with colon cancer and underwent surgery last week. She is currently undergoing chemotherapy and is both very ill and very weak. Which of the following will allow Bill to stay at home and take care of his wife for up to 12 weeks, without pay, without losing his job?

Correct AnswerverifiedShow Answer

Another name for the Employer's Quarterly Federal Tax Return is ____.

Correct AnswerverifiedShow Answer

If an employee earns $8 per hour and works 35 hours per week, the employee's gross weekly earnings are ____.

Correct AnswerverifiedShow Answer

Which of the following information is most likely to be located in the P&P manual for a medical office?

Correct AnswerverifiedShow Answer

The medical assistant must understand the ___ __ ____ in the office so she will know which authority to report to as a first step when issues arise.

Correct AnswerverifiedShow Answer

To avoid writing checks for small amounts, you may pay for small purchases using the ________ fund, which is cash that is kept on hand in the office.

Correct AnswerverifiedShow Answer

The medical office's ________ is created annually and predicts the expenses and revenues related to operations over a given period of time.

Correct AnswerverifiedShow Answer

Which of the following statements applies to an electronic funds transfer system (EFTS) ?

Correct AnswerverifiedShow Answer

A commission is ____.

Correct AnswerverifiedShow Answer

Gross earnings minus total deductions equal ________ earnings.

Correct AnswerverifiedShow Answer

The list of topics for a meeting and the order in which they will be addressed is called a(n) ________.

Correct AnswerverifiedShow Answer

An employee's pay ________ shows how often the employee is paid; most commonly, this is weekly, biweekly, or monthly.

Correct AnswerverifiedShow Answer

A pay schedule ____.

Correct AnswerverifiedShow Answer

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The medical assistant must understand the _ ____ in the office so she will know which authority to report to as a first step when issues arise.

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