Match Each Term with Its Definition

question 31

Multiple Choice

Match each term with its definition.
-Discount authorized by a physician for another medical professional, such as a nurse, medical assistant, or physician

• A)electronic health records software
• B)pegboard system
• C)cash control sheet
• D)trial balance
• E)assets
• F)single-entry bookkeeping system
• G)double-entry bookkeeping system
• H)fully integrated ledger system
• I)garbage in, garbage out
• J)cost estimate sheet
• K)office policy
• L)professional discount

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Definitions:

Direct Expenses

Costs that can be directly attributed to the production of goods or services, such as raw materials and labor.

Transfer Price

The price at which divisions of a company transact with each other, often used for the sale of goods or services within the company.

Variable Cost

Costs that vary directly with the level of production or sales, such as raw materials and direct labor.

Ample Capacity

A situation where a company has enough or more than enough capacity to meet its current production or operation needs.