When Answering the Phone for a Prescription Refill, Which of the Following

question 20

Multiple Choice

When answering the phone for a prescription refill, which of the following information is not necessary to obtain from the patient?

• A) name of pharmacy to be called
• B) name of desired medication, its strength, and last time refilled
• C) how the patient is taking the medication
• D) phone number at which the patient can be reached if necessary
• E) what time the patient expects to pick the medication up from the pharmacy

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Definitions:

LIFO Inventory Valuation

An inventory costing method that assumes the last items placed in inventory are the first ones sold.

Perpetual Inventory System

A method of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management.

Sales Revenue

Sales revenue refers to the income received from the sale of goods or services before any costs or expenses are deducted, serving as a primary source of business income.

Retail Inventory Method

An accounting technique used by retailers to estimate inventory costs by applying a consistent gross margin percentage to the retail price of the goods.