Any Over-The-Counter Test Approved by the U

question 6

Multiple Choice

Any over-the-counter test approved by the U.S. Food and Drug Administration (FDA) is automatically placed into the category of

• A)waived tests.
• B)moderately complex tests.
• C)highly complex tests.
• D)provider-performed microscopy tests.

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Definitions:

Disclosure

The act of making information known publicly, especially financial information by a company to comply with legal requirements and inform investors.

LIFO

Last In, First Out, an inventory valuation method where the goods last added to inventory are the first to be sold.

Periodic

Pertaining to or occurring at regular intervals.

Perpetual Basis

An approach or method without a predetermined end date, continuing indefinitely.