You Discover the Engine-Oil Additive Your Scientists Developed Three Years

question 168

Multiple Choice

You discover the engine-oil additive your scientists developed three years ago makes a great men's after-shave once diluted properly using certain chemicals. How should you treat the original $125,000 of R&D expenditures that went into developing the engine-oil additive for your present decision regarding whether or not to begin production of the after-shave?

• A) Treat it as a cash outflow three years ago for the current project; that is, find the future value today of the $125,000 spent three years ago.
• B) The full $125,000 should be treated as an initial investment today.
• C) As a cash inflow since the formula has obviously increased in value over the years.
• D) As an opportunity cost if the formula cannot presently be sold to another manufacturer.
• E) As a sunk cost since the R&D expenditure has no bearing on today's decision.

Recognize the importance of personal protective equipment (PPE) and the guidelines for its use when collecting specimens from patients.

Understand the principles behind the storage and disposal of reagents, test kits, biological specimens, and biohazard waste.

Comprehend the role and guidelines of regulatory bodies such as CDC, OSHA, and HHS in maintaining workplace safety.

Grasp the implementation of comprehensive safety programs, including Hazard Communication Standard and Blood-borne Pathogen Standard.

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