Which of the Following Statements Most Accurately Represents the Role

question 8

Multiple Choice

Which of the following statements most accurately represents the role of the United States Food and Drug Administration (FDA) as a regulatory agency and its influence involving devices that are introduced into the physical therapy clinical environment?

• A)The FDA is a regulatory commission that has no impact on what is done in the clinical environment.
• B)The FDA controls what devices can be sold in the USA.
• C)The FDA assures public safety by requiring that prior to being approved, devices must be proven safe and effective.
• D)The FDA is a regulatory agency that delays progress requiring paperwork before products can be marketed in the USA.

Understand the implications of FOB (Free on Board) terms on shipping responsibilities and costs.

Recognize the role of government regulation in preventing unfair pricing practices such as price fixing and price discrimination.

Identify and evaluate the impacts of pricing decisions on both buyers and sellers in different geographical locations.

Identify key computer components and their functions.

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Definitions:

Efficiency

The optimal use of resources to achieve the best possible outcome or output without wasting resources.

Market Economy

An economic system in which supply and demand determine the production of goods and services.

Efficiency

The optimal allocation and use of resources to achieve the best possible output or outcome with the least waste of time and effort.

Equilibrium

A state in a market where demand equals supply, resulting in a stable price for a good or service.