This Type of Testing Is Approved by the Clinical Laboratory

question 2

Multiple Choice

This type of testing is approved by the Clinical Laboratory Improvements Amendment of 1988 (CLIA '88) to be performed by the phlebotomist.

• A) Waived testing
• B) Moderate-complexity testing
• C) High-complexity testing

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Definitions:

Residual Income

The amount of net income generated beyond the minimum rate of return or benchmarks set by a business or investor.

Minimum Acceptable Return

The lowest return on investment that a manager or investor is willing to accept, often used in capital budgeting and investment planning.

Performance Measure

A metric or indicator used to assess the efficiency, effectiveness, and success of an organization's operations or employees.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue; the ratio of sales to investment in assets.