The difference between the prescription selling price and the prescription cost is called the
Net profit
Markup
Discount
Inventory turnover rate
Markup
Rationale: Markup is the difference between the prescription selling price and the prescription cost. This amount can vary widely between prescription medications and is largely based on the current popularity of medications.
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A goal of public health is to prevent and mitigate the effects of epidemic disease
Indicate whether the statement is true or false
How does an automated menu system save time and effort in a medical office?
A. The message is automatically given to the physician. B. Telephone calls are screened to determine which messages can wait until the physician returns to the office. C. Calls do not have to be answered as they come in because a block of time is reserved to listen and respond to messages. D. It provides an immediate response to each and every phone call.
What is the best way for a dental office to prepare for an emergency?
A. An "office emergency handbook" should be located in a marked location that is familiar to all dental staff. B. It is the responsibility of the dentist to assign each person a function and to regularly test his/her team on their assigned roles. C. The staff should receive formal training and certification in life saving emergency medical practices. D. An emergency should be simulated, with each person performing his or her assigned functions.
Managerial accounting encompasses the design of the organization's bookkeeping system.
Answer the following statement true (T) or false (F)