Business Administration Flashcards
What are 4 benefits of compounded medication?
- Easier to medicate difficult patients
- Can be made specifically for allergic patients
- Specific dosing sizes
- Used when other medications are on backorder or discontinued
What types of messages might you find on voicemail at the start of the day?
- Appointment cancellation/emergency call
- Appointment requests
- Fee inquiries
- Animal health questions
What are some inventory items that a veterinary hospital would have on hand?
- Medications
- Shampoo and flea/tick products
- Food and treats
- Consumable items such as gauze, needles, syringes, bandaging
What are 6 discrepancies that could affect a hospitals inventory count?
- Medical Supplies
- Free Items
- Shrinkage
- In house use
- Incorrect invoiced products
- Missed charges
What is the name of the online store where clients can purchase veterinary food and supplies?
myVetstore
Who is the carrier of the SPCA Pet Insurance?
Petline
True or false: cover letters should summarize your resume for a prospective employer.
False
Inventory consumes between_____ &_____% of the overall income
12-15
The goal of an effective turnover rate is?
To increase profitability and decrease loss
Inaccurate reorder quantities can lead to these things.
- Excess amounts of product
- Not enough products
- Increased holding costs
- Expired products
List deductions from your gross pay
CPP, EI, income tax, RRSP, benefits
A popular veterinary financing company in Canada
Petcard
Reconciliation is the process of?
Matching and comparing figures from a transaction totals sheet with the actual
receipts and funds accepted as payments.
Often called “end of day”.
What is petty cash?
Cash set aside to purchase small items that may be needed or wanted for a business.
What does a turnover rate mean?
The rate at which a company replaces inventory in each period due to sales