Charise Was Seen Today for an Ongoing Infection

question 33

Multiple Choice

Charise was seen today for an ongoing infection. When she comes to the counter to check out, you tell her that the charge for today is $54. Charise takes her $260 paycheck out of her pocket and endorses it "Pay to the order of BWW Medical Associates," signs it "Charise Williams," and hands it to you. What should you do?

• A) Explain that office policy does not allow you to take third-party checks
• B) Accept and record the check and give Charise $206 in change
• C) Accept and record the check, but tell Charise that you cannot give her any change
• D) Ask Charise to wait while you call her employer to confirm that the check is good
• E) Tell Charise that she must pay cash for her visit

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Definitions:

Vendor-Managed Inventory

A supply chain initiative where the supplier assumes the responsibility of managing inventory levels for the customer.

Inventory Control

The regulation of inventory levels within a business to manage supply, minimize costs, and prevent shortages or surpluses.

Just-In-Time (JIT) System

A supply chain management strategy that reduces inventory costs by delivering raw materials and components just as they are needed in the production process.