HSA4431 Exam 4

T/F An illustration of the product life cycle would represent a bell-shaped curve.

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T/F An illustration of the product life cycle would represent a bell-shaped curve.

T/F The most predictable demand pattern is the auto-correlated demand.

T/F Several companies and organizations have attempted to create a comprehensive standard for classifying items in health care.

Which of the following stores item level data in the hospital ERP?

Which of the following correctly defines a stock-keeping unit (SKU)?

Represents the lowest level in an item hierarchy

T/F Pharmaceuticals are organized under a coding system known as the National Diagnostic Classification.

T/F Forward positioning refers to the placement of medications in medication dispensing devices near the point of use, based on forecasted needs.

T/F The terms "Controlled Drugs" and "Scheduled Drugs" mean the same thing due to the potential of misuse and abuse.

Which of the following represents the correct way to calculate Total Days of Inventory on Hand?

Average inventory balance / average daily pharmacy expense

Key trends in pharmacy management include:

Strategic pricing analysis