Match Each Term with Its Definition

question 68

Multiple Choice

Match each term with its definition.
-Used for reference when placing long-distance phone calls

• A)Health Insurance Portability and Accessibility Act (HIPAA)
• B)Confidential Communication Preference (CCP)
• C)interpreter service
• D)electronic message template
• E)answering service
• F)patient portal
• G)time zone map
• H)Unusual Occurrence Report (UOR)
• I)teleconferencing
• J)search engines

---

Definitions:

LIFO Assumption

An inventory costing method that assumes the last items purchased are the first ones sold (Last In, First Out).

FIFO Assumption

Stands for First-In, First-Out, an inventory costing assumption where the first items purchased are the first ones to be sold.

Inventory Count

The process of physically counting the items in stock to verify the accuracy of inventory records.

Balance Sheet

A financial statement that shows the assets, liabilities, and stockholders' equity of a company at a specific point in time.