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f8cdbd6c_Flashcards_about_3308__Answer
[Question] Hill Burton Act of 1946 [Answer]
Increased the number and size of hc facilities
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] When was Medicare and Medicaid formed and under what act? [Answer]
1965 Social Security Act under President Johnson Medicare- title 18 SSA Medicaid-title 19 SSA
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] When did OSHA pass? [Answer]
1970
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] When was the HMO formed? Health Maintenance Org, Act [Answer]
1973
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] What is an HMO? [Answer]
An organization responsible for the financing and delivery of comprehensive health services to an enrolled population for a prepaid fixed fee. Supposed to keep costs low.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] What is ERISA? [Answer]
Employee Retirement and Income Security Act, which mandates minimum benefits or retired/retiring ee's 1974
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] When did DRGs become popular? [Answer]
1980s- during the Reagan administration
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Health Insurance Portability and Accountability Act (HIPPA) [Answer]
1996- Intended to address growing number of uninsured. Required computerized medical records.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Health Plan Employer Data and Information Set (HEDIS) [Answer]
1989- Created as a standarized method for managed care orgs. to collect, calcualte, and report information about their performance.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Stephen Shortell [Answer]
Came up w/ 7 steps to function effectively in the future: become part of an integrated health system -develop new mgmt structures - building the capacity for population-based needs create - re-engineer the clinical process - Improve TQM - focus on outomes
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] An independant community hospital is organized with three components? [Answer]
Administrations, medical staff, board
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] MDs [Answer]
Allopathic medicine, views medial treatment as active intervention to produce a counteracting reaction in attempt to neutralize the efffects of disease
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] DOs [Answer]
Osteopathic mdicine, emphasizes the musculoskeletal system of the body such as correction of joints or tissue
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Which school extended training from 4-9 months and med edu. from 2-3? [Answer]
Harvard Med School 1871
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] What did John hopkins hospital do in 1893? [Answer]
Reformed med education. Graduate training rogram required a degree.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] When and where was the first medical school established? [Answer]
1756- the college of philadelphia- Pennsylvania
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] The first hospital to open in what was then known as the American colonies? [Answer]
Pennsylvania in 1751
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] What is the differemce between almshouses and pest houses? (18th century) [Answer]
one is for the needy-A Isolation (quarantine)-P
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Define moral hazard? [Answer]
Is when consumer behavior leads to higher utlization of hc services when the services are covered by insurance.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] What are the three types of cost sharing? [Answer]
Premium cost sharing, deductibles, and copayments
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] What are the four types of health insurance? [Answer]
Group insurance, self insurance, individual private insurance, and managed care
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Group insurance [Answer]
Can be obtained through an entity such as an employer, a union,or a professional org. It anticipates that a substantial number of people in the group will participate in purchasing insurance through its sponsor.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Self insurance [Answer]
Employers can protect themselves against any potential risk of high losses by purchasing reinsurance from a private insurance companies.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Individual private insurance [Answer]
Private non-employer related health insurance. It determines premium price and eligibility based on the risk indicated by each individual's health status demographics.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] SCHIP is in what act? [Answer]
Social security act- Title 21
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Diagnostic related groups (DRG'S) [Answer]
Base hospital payments on established fee for services required to treat specific diagnoses. Groups 10,000+ ICD codes into 500 patient categories - Emphasis decresed length of stay
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Medicare part A: [Answer]
hospital services
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Medicare part B: [Answer]
Physician services
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Medicare Part D: [Answer]
Drugs
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] ***Joint Commission on Accreditation of Healthcare Organizations(JCAHO) [Answer]
Concerned with quality of care;looks at structure (physical facility), Process ( what was done;appropriateness(, Outcome
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Leap frog group [Answer]
Is voluntary and provides quality assessment and practices through the National Quality Forum
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Indicators that boards regularly review: [Answer]
Mortality rates be dept, hospital aquired infections, patient complaints, patient falls, adverse drud reactions, unplanned returns to surgery, hospital incurred traumas.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] ***The National Committee on Quality Assurance (NCQA) [Answer]
Most influential managed care quality assurance organization (provides voluntary accreditation)
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Bad Apple theory [Answer]
Anitquated way of making healthcare better by only finding and dealing with exceptionally poor care. 85/15
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] The trio of persistent concerns about the health care system, often called the "iron triangle" care reform is: [Answer]
Access, quality, and cost
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Of the levels of prevention associated with the natural history of disease, primary prevention refers to: [Answer]
Health promotion and specific protection
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] The service priorities of the US health care system reflect America's fascination with dramatic high-tech medicine. As a result: [Answer]
A. Little of the health care dollar is spent on prevention B. The US has the world's most advanced medical capability C. The US system is the most expensive in the world E. All of the above
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] While the aging of the U.S. population will significantly affect future health care costs, economists cite which of the following as likely to exert as great (or greater) impact on health care cost increases? [Answer]
Combination of technology advances and workforce shortages.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] most significant social legislation passed by any congress in the history of the United States was the: [Answer]
Social Security Act of 1935
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] The single most important factor that stimulated the health care reform movement was: [Answer]
Rising costs
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] A major obligation of doctors when obtaining informed consent for a Medical procedure is to: [Answer]
Ensure that patient understands the risks and benefits of the procedure
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] The ultimate responsibility for everything that happens within a hospital, including the medical and nursing care provided, rests with the: [Answer]
Hospital institution and its board of directors
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Until the mid 1980s, hospitals were reimbursed for their expenses for the prior year on a "retrospective" basis. Now they are paid a certain amount for each patient's care on a "prospective" basis. The amount they are paid is based on: [Answer]
Diagnosis related groups (DRGs)
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] As already demonstrated in capitated systems, health care reform wi11 produce the greatest change in: [Answer]
Hospital inpatient days
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] The future health care system will emphasize "vertical integration." This means that: [Answer]
Payers will contract with one party for a broad continuum of care
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Hospitals, striving to find new sources of income since the advent of prospective payment, have enthusiastically adopted: [Answer]
Sub-acute care
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] The event that contributed most significantly to the decline of the charitable mission of voluntary hospitals was the: [Answer]
Passage of Medicaid and Medicare
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Medicaid is the government health service program for the: [Answer]
Means tested eligible persons based on socio-economic status
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] An 18th century institution that provided welfare to the needy was known as: [Answer]
Almshouse
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Medicare is a publicly financed program designed to pay for services based on: [Answer]
Entitlement
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Which type of hospital is:non-profit,nonfederal,short-stay,and serves general public? [Answer]
Community hospital
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Maldistribution of cares refers to: [Answer]
An uneven distribution of healthcare provideres in a given area
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] What is the largest hospital system in the U.S? [Answer]
VA
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Primary care hospital were started in? [Answer]
1980s
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Group health insurance was establishe in? [Answer]
1937
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] "Hospitals are at financial risk if the patient stay exceeds specific patient diagnosis" is a definition of: [Answer]
Prospective Payment System¬
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] The fastest growing field of medical practice is: [Answer]
Hospitalist
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] In MCO terminology, capitation means Co-payment: [Answer]
Per member per month
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Benefit buy down [Answer]
Reducing the scope of benefits, increasing copaymenys and/or co-insurance, and increasing co-pays for prescription drugs.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Balanced budget act [Answer]
Reduced payments for Medicare patients, wrecked havoc on hospitals...
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Capitation [Answer]
paid per member per month. Fee covers all that the enrollee will need an entire year.
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] The first state to restrict medical licensure to graduates of medical schools? [Answer]
Georgia
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] What organization is directly responsible for developing practice guidelines? [Answer]
Agency for healthcare policy ( Review)
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] Unconventional medicine that is used in place of conventional medicine is termed: [Answer]
Alternativ medicine
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
f8cdbd6c_Flashcards_about_3308__Answer
[Question] When an insurance company bases its premiums on a documented patter of utilization that has occured in the past? [Answer]
Experience rating
[]
Flashcards about 3308
Answer
http://www.studystack.com/flashcard-572559
17/1438042987402.78_20150728002307-00310-ip-10-236-191-2_719761622_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Customer [Definition]
A person or business to whom merchandise or services are sold
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Sales Tax [Definition]
a tax on a sale of merchandise or service
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Sales Journal [Definition]
A special journal used to record only sales of merchandise
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Cash Sale [Definition]
A sale in which cash is received for the total amount of the sale at the time of the transaction
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Credit Card Sale [Definition]
A sale in which a credit card is used for the total amount of the sale at the time of the transaction
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Point-of-sale (POS) Terminal [Definition]
A computer used to collect, store, and report all the information of a sales transaction
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Terminal Summary [Definition]
The report that summarizes the cash and credit card sales of a point-of-sale terminal
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Batch Report [Definition]
A report of credit card sales produced by a point-of-sale terminal
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Batching out [Definition]
The process of preparing a batch report of credit card sales from a point-of-sale terminal
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Cash receipts Journal [Definition]
a special journal used to record only cash receipt transactions
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Sales discount [Definition]
A cash discount on sales taken by a customer
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Sales return [Definition]
Credit allowed a customer for the sales price of a returned merchandise, resulting in a decrease in the vendor's account receivable
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Sales allowance [Definition]
Credit allowed a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the vendor's account receivable
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
a40cadda_shcards_about_Accounting_Ch_10__Definition
[Term] Credit memorandum [Definition]
A form prepared by the vendor showing the amount deducted for returns and allowances
[]
Flashcards about Accounting Ch.10
Definition
http://www.studystack.com/flashcard-1548180
17/1438042987228.91_20150728002307-00081-ip-10-236-191-2_735470385_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Market [Definition]
people or organizations with needs or wants and the ability and willingness to buy
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Market Segment [Definition]
a subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Market Segmentation [Definition]
the process of dividing a market into meaningful, relatively similar, and identifiable segments or groups
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Segmentation Bases (variables) [Definition]
characteristics of individuals, groups, or organizations
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Geographic Segmentation [Definition]
segmenting markets by region of a country or the world, market size, market density, or climate
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Demographic Segmentation [Definition]
segmenting markets by age, gender, income, ethnic background, and family life cycle
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Family Life Cycle (FLC) [Definition]
a series of stages determined by a combination of age, marital status, and the presence or absence of children
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Psychographic Segmentation [Definition]
segmenting markets on the basis of personality, motives, lifestyles, and geodemographics
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Geodemographic Segmentation [Definition]
segmenting potential customers into neighborhood lifestyle categories
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Benefit Segmentatation [Definition]
the process of grouping customers into market segments according to the benefits they seek from the product
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Usage-rate Segmentation [Definition]
dividing a market by the amount of product bought or consumed
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] 80/20 Principle [Definition]
a principle holding that 20 percent of all costumers generate 80 percent of the demand
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Satisficers [Definition]
Business customers who place an order with the first familiar supplier to satisfy product and delivery requirements
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Optimizers [Definition]
business customers who consider numerous suppliers (both familiar and unfamiliar), solicit bids, and study all proposals carefully before selecting one
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Target Market [Definition]
a group of people or organizations for which an organization designs, implements, and maintains a marketing mix intended to meet the needs of that group, resulting in mutally satisfying exhanges
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Undifferentiated Targeting Strategy [Definition]
a market approach that views the market as one big market with no individual segments and thus uses a single marketing mix
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Concentrated Targeting Strategy [Definition]
a strategy used to select one segment of a market for targeting marketing efforts
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Niche [Definition]
one segment of a market
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Multisegment Targeting Strategy [Definition]
a strategy that chooses two or more well-defined market segments and develops a distinct marketing mix for each
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] Cannibalization [Definition]
a situation that occurs when sales of a new product cut into sales of a firm's existing products
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json
022635eb_Flashcards_about_Ch__8_Terms__Definition
[Term] One-To-One Marketing [Definition]
an individualized marketing method that utilizes customer information to build long-term, personalized, and profitable relationships with each customer
[]
Flashcards about Ch. 8 Terms
Definition
http://www.studystack.com/flashcard-1226016
17/1438042987402.78_20150728002307-00141-ip-10-236-191-2_703217751_3.json