Match the Term with the Correct Definition

question 7

Multiple Choice

Match the term with the correct definition.
-Sig

• A)Slang word used to describe a medical prescription
• B)A pharmacy in a hospital
• C)List of drugs that are not normally stocked by the pharmacy
• D)Electronically sent prescription from prescriber's computer or mobile device that is transmitted directly to the pharmacy
• E)Means to write
• F)Attached to a container with specific instructions or information pertaining to the medication
• G)These pharmacies are not open to the public
• H)Machine that holds a supply of various medications
• I)Found as a symbol on the header of a prescription
• J)Also known as an outpatient or retail pharmacy

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Definitions:

Aggregate Accounts Receivable

The total amount of money owed to a company by its customers for goods or services delivered but not yet paid for.

Credit Period

The length of time for which credit is extended. If the credit period is lengthened, then sales will generally increase, as will accounts receivable. This will increase the firm’s financing needs and possibly increase bad debt losses. A shortening of the credit period will have the opposite effect.

Credit Search

A process used by lenders to review an individual's or business's credit history before granting loans or credit.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers for goods or services sold on credit.