Which Statement Is Not True Regarding the Use of Abbreviations

question 10

Multiple Choice

Which statement is not true regarding the use of abbreviations?

• A) Abbreviations should never be used in medical records.
• B) Abbreviations include shortened words as well as letters.
• C) Abbreviations save time but can be confusing.
• D) Both The Joint Commission and the Institute for Safe Medication Practices provide recommendations regarding the use of abbreviations.

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Definitions:

Average Accounting Return

A measure of investment profitability calculated as the average annual net earnings of a project divided by the average investment in the project.

Straight-Line Method

An accounting method for allocating the cost of an asset evenly over its useful life.

Cost of Capital

The obligatory profit percentage a corporation needs to achieve on its investments to keep its market share and attract investors.

IRR

Internal Rate of Return; a financial metric used to evaluate the profitability of investments, representing the discount rate that makes the net present value (NPV) of all cash flows equal to zero.