All of the Following Are Characteristics of a Minor Office

question 51

Multiple Choice

All of the following are characteristics of a minor office surgery except

• A)performed in an ambulatory care facility.
• B)performed in a short period of time.
• C)requires a general anesthetic.
• D)does not pose a major risk to life.

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Definitions:

GAAP

Generally Accepted Accounting Principles; a set of rules and standards for financial reporting used in the United States.

Prime Costs

The combined total of direct labor and direct materials cost incurred in the manufacturing of products.

Direct Materials

Raw materials that are directly traceable to the production of a specific product and are an integral part of the finished product.

Indirect Materials

Materials used in the production process that cannot be directly linked to a specific product, such as lubricants and cleaning supplies.