You Are Asked to Articulate the Practice Philosophy to a New

question 12

Multiple Choice

You are asked to articulate the practice philosophy to a new patient,but you would like to review it first.Where could you find a description of this philosophy?

• A)In the job description given to you when you were hired
• B)In the financial policies manual
• C)In the practice's mission statement
• D)In the State Dental Association handbook

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Definitions:

Patents

Legal rights granted to inventors, giving them exclusive rights to use, make, sell, or distribute their inventions for a certain period.

Consolidated Financial Statements

Financial statements that aggregate the financial condition and operations of a parent company and its subsidiaries into one document, as if they were a single entity.

Book Values

The value of an asset according to its balance sheet account balance, taking into account the cost of the asset minus any depreciation.

Fair Values

The amount one would expect to get from selling an asset or the cost to transfer a liability, in a structured deal involving participants in the market on the date it's evaluated.