Pharm Tech Chapter 13 (Inventory Management)

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  • 1/42 Questions

    A system that allows purchase of any medication that is prescribed.

    • Automated dispensing system
    • Closed formulary
    • Inventory
    • Open formulary
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About This Quiz

- Inventory Management, - Inventory Systems, - Computers And nventory, - Ordering, - Stocking And Storing

Pharm Tech Chapter 13 (Inventory Management) - Quiz

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  • 2. 

    A limited list of approved medications

    • Automated dispensing system

    • Closed formulary

    • Formulary

    • Inventory

    Correct Answer
    A. Closed formulary
    Explanation
    A closed formulary refers to a limited list of approved medications that can be prescribed or dispensed within a healthcare system. This means that only the medications included in the formulary are available for use, while others may be restricted or not covered at all. This system helps control costs, streamline medication management, and ensure that patients receive appropriate and effective treatments.

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  • 3. 

    The rate at whch inventory is used, generally expressed in number of days.

    • Formulary

    • Open formulary

    • Reorder points

    • Turn over

    Correct Answer
    A. Turn over
    Explanation
    Turnover refers to the rate at which inventory is used or sold within a specific period, usually expressed in terms of days. It indicates how quickly a company is able to sell its inventory and generate revenue. A higher turnover indicates efficient inventory management and a faster conversion of inventory into sales. This metric is important for businesses to assess their operational efficiency, identify slow-moving inventory, and make informed decisions regarding purchasing and production.

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  • 4. 

    An inventory system in which the item is deducted from inventory as it is sold or dispensed

    • Pruchased order number

    • reorder points

    • Point-of-sale system (POS)

    • Turnover

    Correct Answer
    A. Point-of-sale system (POS)
    Explanation
    A point-of-sale system (POS) is an inventory system where the item is deducted from inventory as it is sold or dispensed. This means that when a customer purchases an item, the inventory is automatically updated to reflect the decrease in quantity. A POS system helps businesses keep track of their inventory in real-time, ensuring accurate stock levels and preventing stockouts or overstocks. It also provides valuable data for sales analysis and forecasting. Purchased order numbers and reorder points are not directly related to deducting items from inventory when sold, and turnover refers to the rate at which inventory is sold, not the system used to deduct it.

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  • 5. 

    Minimum and maximum stock levels which determine when a reorder is placed and for how much.

    • Turn over

    • Purchased order

    • POS

    • Reorder points

    Correct Answer
    A. Reorder points
    Explanation
    Reorder points refer to the minimum and maximum stock levels that determine when a reorder is placed and for how much. These points help businesses maintain optimal inventory levels by triggering reorders when stock falls below the minimum level or exceeds the maximum level. By setting appropriate reorder points, businesses can ensure that they have enough stock to meet customer demand without holding excessive inventory, thereby optimizing their supply chain and reducing costs. Reorder points are a crucial aspect of inventory management, enabling businesses to streamline their procurement process and avoid stockouts or overstocking.

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  • 6. 

    A collection of information structured so that specific information within it can easily be retrived and used

    • Database

    • Material safety data sheets (MSDS)

    • Inventory

    • All the above

    Correct Answer
    A. Database
    Explanation
    A database is a structured collection of information that allows for easy retrieval and utilization of specific information. It is a system that organizes data in a way that facilitates efficient storage, management, and retrieval of information. By using a database, users can quickly access and manipulate data, making it a valuable tool for storing and organizing large amounts of information.

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  • 7. 

    OSHA requried notices that provide hazard, handling, clean-up, and first aid information

    • Material Safety Data Sheets (MSDS)

    • Perpetual inventory

    • Reorder points

    • Turnover

    Correct Answer
    A. Material Safety Data Sheets (MSDS)
    Explanation
    Material Safety Data Sheets (MSDS) are documents that contain information about the potential hazards of a substance, as well as instructions on how to handle, clean up, and provide first aid in case of an incident. These sheets are required by OSHA (Occupational Safety and Health Administration) to ensure that workers have access to important safety information regarding the materials they handle. MSDS helps in identifying and managing potential risks, and it is crucial for maintaining a safe working environment. Therefore, MSDS is the correct answer to the question.

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  • 8. 

    The number system assigned to each order for identification

    • Purchased order number

    • Open formulary

    • Formulary

    • Database

    Correct Answer
    A. Purchased order number
    Explanation
    The correct answer is "purchased order number". This refers to the specific number assigned to each purchase order for identification purposes. It helps track and manage the order throughout the procurement process. The purchased order number is unique to each order and is used to reference and locate specific orders in the system or database.

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  • 9. 

    Package containing a single dose of a medication

    • Turnover

    • Unit-dose packaging

    • Inventory

    • All the above

    Correct Answer
    A. Unit-dose packaging
    Explanation
    Unit-dose packaging refers to a package containing a single dose of medication. This type of packaging is designed to provide convenience and accuracy in medication administration, as each package contains the exact amount needed for one dose. It helps in reducing medication errors and ensures patient safety. Therefore, unit-dose packaging is a correct answer as it accurately describes the package containing a single dose of medication.

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  • 10. 

    A system that maintains a continuous record of every item in inventory so that it always shows the stock on hand

    • Perpetual inventory

    • Point-of-sale system

    • Database

    • Reorder points

    Correct Answer
    A. Perpetual inventory
    Explanation
    Perpetual inventory refers to a system that keeps a continuous record of every item in inventory, ensuring that the stock on hand is always up to date. This system allows businesses to have real-time visibility into their inventory levels, enabling them to make informed decisions about reordering and managing their stock. Unlike periodic inventory, which involves physically counting inventory at regular intervals, perpetual inventory relies on technology, such as barcode scanners and software, to track and update inventory levels automatically. This helps businesses maintain accurate and efficient inventory management, reducing the risk of stockouts or overstocking.

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  • 11. 

    A list of goods or items a business uses in its normal operations

    • Inventory

    • Formulary

    • Purchase order number

    • Reorder points

    Correct Answer
    A. Inventory
    Explanation
    Inventory refers to a list of goods or items that a business uses in its normal operations. It includes all the products that a company holds for the purpose of sale, production, or use in providing services. Inventory management is crucial for businesses to ensure smooth operations, meet customer demands, and optimize profitability. By keeping track of inventory levels, businesses can avoid stockouts, minimize carrying costs, and make informed decisions regarding purchasing, production, and sales.

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  • 12. 

    Pharmaceutical equivalents that produce the same effects inpatients

    • Therapeutic equivalent

    • Therapeutic pharmaceutical

    • Closed formulary

    • Formulary

    Correct Answer
    A. Therapeutic equivalent
    Explanation
    Therapeutic equivalent refers to pharmaceutical products that have the same active ingredients, dosage form, strength, and route of administration, and are intended to produce the same therapeutic effects in patients. This means that these products can be substituted for one another without any significant difference in their efficacy and safety profiles. Therefore, therapeutic equivalent drugs are considered interchangeable and can be used interchangeably in clinical practice.

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  • 13. 

    A system in which medications are dispensed at their point of use upon confirmation of an order communicated from a centralized computer system.

    • Automated dispensing system

    • Inventory

    • Formulary

    • Database

    Correct Answer
    A. Automated dispensing system
    Explanation
    An automated dispensing system is a system that allows medications to be dispensed at the point of use after receiving confirmation of an order from a centralized computer system. This system eliminates the need for manual medication dispensing and ensures accuracy and efficiency in medication distribution. It helps in reducing medication errors and streamlining the inventory management process by keeping track of medication stock levels. Additionally, it may also include a formulary database, which provides information on approved medications and their appropriate use.

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  • 14. 

    A list of medications approved for use

    • Closed formulary

    • Open formulary

    • Formulary

    • None of the above

    Correct Answer
    A. Formulary
    Explanation
    A formulary is a list of medications that are approved for use within a healthcare system, such as a hospital or insurance plan. It helps guide healthcare providers in prescribing appropriate medications and ensures consistent and cost-effective drug therapy. A closed formulary restricts the medications that can be prescribed to only those on the list, while an open formulary allows for a broader range of medications to be prescribed. Therefore, the correct answer is formulary, as it encompasses both closed and open formularies.

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  • 15. 

    A list of the goods or items a business will use in its normal operation is called a(an)

    • Purchasing

    • Inventory

    • Open formulary

    • Closed formulary

    Correct Answer
    A. Inventory
    Explanation
    Inventory refers to the list of goods or items that a business will use in its normal operation. It includes the products or materials that are available for sale, as well as any raw materials or components that are necessary for production. Keeping track of inventory is important for businesses to ensure that they have enough stock to meet customer demand, while also avoiding excess or obsolete inventory. By maintaining an accurate inventory, businesses can effectively manage their supply chain and make informed decisions about purchasing and production.

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  • 16. 

    A goal of inventory management is

    • To ensure that drugs are available when they are needed

    • Inventory

    • Open formulary

    • Closed formulary

    Correct Answer
    A. To ensure that drugs are available when they are needed
    Explanation
    The goal of inventory management is to ensure that drugs are available when they are needed. This involves maintaining an appropriate level of inventory, tracking the usage and demand patterns of drugs, and implementing efficient ordering and replenishment processes. By ensuring that drugs are readily available, healthcare organizations can avoid stockouts and delays in patient care, optimize medication utilization, and minimize the risk of medication shortages. This ultimately contributes to the overall efficiency and effectiveness of healthcare delivery.

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  • 17. 

    In an open formulary, when a medication is ordered that is not on the formulary

    • The medication may be ordered without obtaining additional persmission

    • The patient must obtain the medication at another pharmacy

    • The physician must first receive permission to use the medication

    • The pharmacist is required to choose a therapeutic equivalent

    Correct Answer
    A. The medication may be ordered without obtaining additional persmission
    Explanation
    In an open formulary, when a medication is ordered that is not on the formulary, the medication may be ordered without obtaining additional permission. This means that the healthcare provider can prescribe the medication without needing any extra authorization or approval. The open formulary allows for flexibility in prescribing medications and gives healthcare providers the freedom to choose the most appropriate treatment for their patients, even if it is not on the formulary.

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  • 18. 

    Formulary medications are routinely reviewed to

    • Add more quantity of the same product

    • Review safety of older products and evaluate newer products

    • Make room on the shelves

    • Add a product upon request of the manufacturer

    Correct Answer
    A. Review safety of older products and evaluate newer products
    Explanation
    Formulary medications are routinely reviewed to ensure the safety of older products and evaluate newer products. This is important because new research and information may become available that could affect the safety and effectiveness of these medications. Additionally, evaluating newer products allows healthcare providers to consider alternative options that may be more suitable for patients. Regular review of formulary medications helps to ensure that patients are receiving the best possible care and that any potential risks or issues are identified and addressed.

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  • 19. 

    A therapeutically-equivalent drug is

    • Chemically the same

    • Chemically different but with similar actions and effects

    • The generic version of a trade drug

    • A drug that a physician must get approval to use

    Correct Answer
    A. Chemically different but with similar actions and effects
    Explanation
    The correct answer is chemically different but with similar actions and effects. A therapeutically-equivalent drug refers to a drug that may have a different chemical structure compared to another drug, but it produces similar therapeutic effects and actions in the body. This means that although the two drugs may have different chemical compositions, they are still able to treat the same condition effectively. This is important as it allows for the availability of alternative options for patients, such as generic versions of brand-name drugs, while maintaining the same therapeutic benefits.

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  • 20. 

    "Fasst Movers"  account for approximately what perscent of a pharmacy's orders and prescriptions?

    • 5%

    • 30%

    • 40%

    • 80%

    Correct Answer
    A. 80%
    Explanation
    "Fasst Movers" account for approximately 80% of a pharmacy's orders and prescriptions. This means that the majority of orders and prescriptions are fulfilled by these fast-moving products, indicating their high demand and popularity among customers. The remaining 20% is likely made up of slower-moving or less frequently prescribed items.

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  • 21. 

    Wholesalers who provide medications to hospitals, pharmacies, and other medication dispensers account for about _____ of pharmaceutical manufactures' sales

    • Half

    • One-quarter

    • Three-quarters

    • One-third

    Correct Answer
    A. Three-quarters
    Explanation
    Wholesalers who provide medications to hospitals, pharmacies, and other medication dispensers account for about three-quarters of pharmaceutical manufacturers' sales. This means that the majority of pharmaceutical manufacturers' sales come from wholesalers who distribute medications to various healthcare providers and pharmacies.

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  • 22. 

    As an expiration date approaches, the pharmacy technician should be aware that it must be _______ before the expiration date passes.

    • Returned to the manufacturer for credit

    • Dispensed

    • Used

    • Returned to the wholesaler for credit

    Correct Answer
    A. Used
    Explanation
    The correct answer is "used." As the expiration date approaches, the pharmacy technician should be aware that the medication should be used before the expiration date passes. This is because medications can lose their effectiveness or become unsafe to use after the expiration date. It is important to ensure that patients receive medications that are still within their expiration date to maintain their safety and effectiveness.

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  • 23. 

    If a supplier's terms are thirty days net,

    • It would be best to have a turnover less than thirty days

    • It would be best to have a turnover equal to thirty days

    • It would be best to have a turnover greater than thirty days

    • None of the above

    Correct Answer
    A. It would be best to have a turnover less than thirty days
    Explanation
    If a supplier's terms are thirty days net, it would be best to have a turnover less than thirty days. This means that the company should aim to sell their inventory and collect payment from customers within a shorter timeframe than the supplier's payment terms. By having a turnover less than thirty days, the company can ensure that they have enough cash flow to pay their suppliers on time and avoid any late payment penalties or strain on their relationship with the supplier.

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  • 24. 

    ______ is an inventory system in which the item is deducted from inventory as it is sold or dispensed

    • POS system

    • Turnover

    • Automated reports

    • Reorder point system

    Correct Answer
    A. POS system
    Explanation
    A POS system (Point of Sale system) is an inventory system in which the item is deducted from inventory as it is sold or dispensed. It is a computerized system used in retail businesses to process sales transactions and manage inventory. When a customer purchases an item, the POS system automatically deducts the quantity from the inventory, keeping track of the stock levels in real-time. This helps businesses to have accurate inventory records and ensures that they do not oversell or run out of stock.

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  • 25. 

    Minimum ad maximum stock levels used to determinne when a reorder is placed and for how much are

    • Reorder points

    • Automatic ordering

    • POS

    • Turnovers

    Correct Answer
    A. Reorder points
    Explanation
    Reorder points are used to determine when a reorder should be placed and for how much. It is a predetermined inventory level that signals the need to replenish stock. When the stock level reaches or falls below the reorder point, a new order is triggered to ensure that there is no stockout situation. By setting appropriate reorder points, businesses can maintain optimal stock levels and avoid excess inventory or stock shortages.

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  • 26. 

    Checking of order reports to ensure the order contains no gross errors is done

    • By computer

    • Manually

    • By the corporate office

    • By the wholesaler

    Correct Answer
    A. Manually
    Explanation
    The process of checking order reports to ensure there are no gross errors is done manually. This means that individuals physically review the order reports to identify any major mistakes or discrepancies. The task is not automated through computer systems, conducted by the corporate office, or carried out by the wholesaler.

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  • 27. 

    Hard copies of order reports

    • Are only needed if there is a computer failure

    • Are not needed since everything is on the computer

    • Are kept for an established amount of time for business and legal reasons

    • Are only needed if there is a power failure

    Correct Answer
    A. Are kept for an established amount of time for business and legal reasons
    Explanation
    Hard copies of order reports are kept for an established amount of time for business and legal reasons. This means that even though everything is stored on the computer, physical copies are still maintained for a specific period of time. This is done to comply with business regulations and legal requirements, such as record-keeping and auditing purposes. The need for hard copies is not dependent on computer or power failures, but rather on the need to preserve important documents for a designated period.

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  • 28. 

    All of the following are used to stored medications except

    • Automated dispensing machines

    • Carousels

    • Glove boxes

    • Pyxis machines

    Correct Answer
    A. Glove boxes
    Explanation
    Glove boxes are not used to store medications. Glove boxes are typically used in laboratories and research facilities to handle hazardous materials or to create a controlled environment for sensitive experiments. In the context of medication storage, automated dispensing machines, carousels, and Pyxis machines are commonly used to store and dispense medications in healthcare settings.

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  • 29. 

    A bar code on a product from a manufacturer

    • Indicates the medication's

    • Ensures the patient receives the correct medication

    • Keeps count of the meications stocked

    • Includes the product's NDC number

    Correct Answer
    A. Includes the product's NDC number
    Explanation
    A bar code on a product from a manufacturer includes the product's NDC number. This NDC number is a unique identifier for the medication and is used for tracking and inventory purposes. It helps in ensuring that the patient receives the correct medication by accurately identifying the specific product. Additionally, the NDC number also aids in keeping count of the medications stocked, as it helps in tracking the quantity and availability of the product.

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  • 30. 

    Material safety data sheets (MSDS) provide

    • Protocols for fire hazards in the pharmacy setting

    • Safety codes by OSHA in the storage of inventory

    • Information concerning hazardous substances

    • All of the above

    Correct Answer
    A. Information concerning hazardous substances
    Explanation
    The correct answer is "information concerning hazardous substances." Material Safety Data Sheets (MSDS) provide detailed information about the potential hazards of a particular substance, including its physical and chemical properties, health effects, precautions for safe handling and use, and emergency response procedures. MSDSs are an important tool for ensuring the safety of workers and the proper management of hazardous materials in various settings, including pharmacies. They help to identify and mitigate potential risks associated with the handling, storage, and disposal of hazardous substances.

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  • 31. 

    In recieving an order, it is important to be alert for drugs that have been incorrectly picked, received damaged, are outdated, or missing, so orders are reconciled

    • Once per month

    • Item by item

    • Every two years

    • Once per year

    Correct Answer
    A. Item by item
    Explanation
    To ensure accuracy and quality control, it is important to be alert for any issues with the received order. By checking each item individually, one can identify drugs that have been incorrectly picked, received damaged, are outdated, or missing. This thorough process of reconciling orders item by item helps to maintain the integrity of the inventory and ensure that customers receive the correct and safe medications.

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  • 32. 

    When reconciling an order, if a technician detects a discrepancies, the supplier should be notified

    • Immediately

    • Before the end of the current reporting period

    • Before the end of the month

    • Before the end of the week

    Correct Answer
    A. Immediately
    Explanation
    When reconciling an order, it is important to notify the supplier immediately if any discrepancies are detected. This is because immediate notification allows for prompt resolution of the issue and prevents any further complications or delays in the order processing. It ensures that the supplier is aware of the problem and can take necessary actions to rectify it as soon as possible.

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  • 33. 

    A purchased order number is

    • A number that is used to identify the pharmacy

    • Is the same on all orders from a given pharmacy

    • Is assigned by the FDA

    • A number used to identify an order

    Correct Answer
    A. A number used to identify an order
    Explanation
    The correct answer is "a number used to identify an order." A purchased order number is a unique number assigned to each order made by a customer. It helps in tracking and organizing orders, ensuring that the correct items are delivered to the customer. It is different for each order and is not the same for all orders from a specific pharmacy or assigned by the FDA.

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  • 34. 

    Most drugs are kept at room temperature between

    • 59-86 °C

    • 33-45 °C

    • 59-86 °F

    • 33-45 °F

    Correct Answer
    A. 59-86 °F
    Explanation
    Most drugs are kept at room temperature between 59-86 °F because this temperature range is considered ideal for maintaining the stability and effectiveness of most medications. Temperatures outside of this range can potentially degrade the drugs, rendering them less potent or even ineffective. Additionally, extreme temperatures can also cause physical changes in the drugs, such as melting or crystallization, which can further compromise their quality. Therefore, storing drugs within the recommended temperature range helps to ensure their safety and efficacy.

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  • 35. 

    A package that contains a single dose of a mediction is called a (an)

    • MSDS pacakage

    • Single use package

    • POS package

    • Unit-dose package

    Correct Answer
    A. Unit-dose package
    Explanation
    A package that contains a single dose of a medication is called a unit-dose package. This type of packaging is designed to hold a specific quantity of medication that is intended for one-time use. It ensures accurate dosing and reduces the risk of medication errors. Unit-dose packages are commonly used in healthcare settings to improve patient safety and medication management.

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  • 36. 

    In an alpha-generic organization, drugs are stored alphabetically by

    • Generic name with corresponding trade versions placed next to the generic drug

    • Trade name with the corresponding generic version placed next to it

    • Manufacturer

    • Drug classification

    Correct Answer
    A. Generic name with corresponding trade versions placed next to the generic drug
    Explanation
    In an alpha-generic organization, drugs are stored alphabetically by their generic name. This means that drugs with the same generic name will be grouped together. Alongside each generic drug, the corresponding trade versions of that drug will be placed. This allows for easy identification and access to both the generic and trade versions of the drug. It ensures that all variations of a particular drug are stored together, making it convenient for healthcare professionals to locate and retrieve the required medication.

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  • 37. 

    The temperature of a refrigerator in a pharmacy should generally be

    • 40-42 °Fjavascript:void(0);

    • 28-32 °C

    • 40-42 °C

    • 28-32 °F

    Correct Answer
    A. 40-42 °Fjavascript:void(0);
    Explanation
    The temperature of a refrigerator in a pharmacy should generally be maintained between 40-42 °F. This temperature range is recommended to ensure the proper storage of medications and vaccines, as it helps to maintain their stability and effectiveness. Temperatures below this range may lead to freezing or degradation of the medications, while temperatures above this range may reduce their potency. Therefore, it is crucial to keep the refrigerator temperature within this specific range to ensure the safety and efficacy of the stored pharmaceutical products.

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  • 38. 

    A GENERIC TERM USED FOR COMPUTERIZED MEDICATION DISPENSING MACHINES USED IN HOSPITALS IN A/AN

    • ADM

    • CART

    • Pyxis

    • PAR

    Correct Answer
    A. ADM
    Explanation
    The correct answer is ADM. ADM stands for Automated Dispensing Machine, which is a generic term used for computerized medication dispensing machines used in hospitals. These machines are designed to store and dispense medications, ensuring accuracy and efficiency in medication management. They help to reduce medication errors, improve workflow, and enhance patient safety in healthcare settings.

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  • 39. 

    Proper disposal or destruction of non-returnable medications includes

    • Placement in regular trash

    • Flushing down sink or water system

    • Using a company that meets EPA regulations

    • Selling the medications at a discount

    Correct Answer
    A. Using a company that meets EPA regulations
    Explanation
    The proper disposal or destruction of non-returnable medications should be done by using a company that meets EPA regulations. This is because the Environmental Protection Agency (EPA) has specific guidelines and regulations in place to ensure the safe and environmentally friendly disposal of medications. Using a company that meets these regulations ensures that the medications are disposed of in a way that minimizes any potential harm to the environment and public health.

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  • 40. 

    Best practices for ordering medications include

    • Having the same person place the order and check it in

    • Having different people place the order and check it in

    • Having the pharmacy manager check in all products

    • Having anyone available place and receive orders

    Correct Answer
    A. Having different people place the order and check it in
    Explanation
    Having different people place the order and check it in is considered a best practice for ordering medications because it introduces a system of checks and balances. This helps to minimize the risk of errors or fraud. By having one person place the order and another person check it in, there is an independent verification process in place. This can help catch any mistakes or discrepancies before the medication is administered to the patient, ensuring the safety and accuracy of the medication ordering process.

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  • 41. 

    Safe handling of chemotherapy medications can be found in a publication by

    • The DEA

    • JCAHO

    • SAFRX

    • NIOSH

    Correct Answer
    A. NIOSH
    Explanation
    The National Institute for Occupational Safety and Health (NIOSH) provides guidance on the safe handling of chemotherapy medications. They have published resources and recommendations to protect healthcare workers who handle these medications. NIOSH is a trusted source for information regarding occupational safety and health, making it the correct answer for this question.

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  • 42. 

    An example of Durable Medical Equipment (DME) could be

    • Ostomy supplies

    • Crutches

    • Syringes

    • Antiseptics

    Correct Answer
    A. Crutches
    Explanation
    Durable Medical Equipment (DME) refers to medical equipment that is designed for repeated use and is primarily used for medical purposes. Crutches are a perfect example of DME as they are used to provide support and mobility to individuals with leg injuries or disabilities. Unlike disposable items like ostomy supplies, syringes, and antiseptics, crutches are durable and can be used multiple times, making them a suitable example of DME.

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  • Current Version
  • Sep 01, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Dec 18, 2011
    Quiz Created by
    Ashleycream

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