Which of the Following Is Used by Companies to Separate

question 225

Multiple Choice

Which of the following is used by companies to separate cash duties and establish stronger control over cash receipts?

• A) an encryption system
• B) an imprest system
• C) a lock-box system
• D) a firewall system

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Definitions:

Payment System

A mechanism or a set of instruments that facilitates the transfer of funds from one entity to another, which can be operated by financial institutions, electronic systems, or through manual processes.

Medicare Managed Care

A type of Medicare health plan provided by private companies that contract with Medicare to provide all Part A and Part B benefits and often Part D (prescription drug coverage) as well.

Primary Care Physician

A healthcare provider who offers general medical treatment to patients and is usually the first point of consultation for all health issues.

Referrals

Recommendations to consult another physician or specialist.