A Number of Barriers and Concerns Exist Before the Goal

question 21

Multiple Choice

A number of barriers and concerns exist before the goal of a safe and efficient IT system can be realized. Which of the following is NOT a barrier to adoption and use of IT in prescribing drugs?

• A)Cost of initial setup
• B)Access to highly skilled experts
• C)Compatibility between systems
• D)Patient confidentiality risks

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Definitions:

Cash Discounts

A reduction in the amount owed by a customer if payment is made within a specified period.

Periodic Inventory System

An inventory accounting system where updates are made on a periodic basis rather than after each transaction.

Net Method

An accounting method for recording purchases where the purchase price includes a cash discount for early payment, emphasizing the net price as the expected payment amount.

Credit Terms

The conditions under which credit will be extended to a borrower, including the repayment schedule, interest rate, and any other terms and conditions.