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What Does IBOC Stand For

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What does IBOC stand for?

Identify and implement strategies to promote a positive safety culture within healthcare settings.
Recognize and utilize standard order sets and verification processes for medication administration to prevent errors.
Implement strategies to differentiate and correctly identify medications with look-alike or sound-alike names.
Describe the key components of safety culture within a healthcare organization.

Definitions:

Cost of Goods Sold

The immediate expenses related to manufacturing the products a company sells, which consist of materials and labor.

Inventory

The tangible property held for sale in the normal course of business, or to be used in producing goods or services.

Lower of Cost

An accounting principle that adjusts the value of an inventory or asset to the lower of its historical cost or its market value.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal.

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