The Federal Law That Requires All Physician's Office Laboratories (POLs)

question 11

Multiple Choice

The federal law that requires all physician's office laboratories (POLs) to meet acceptable standards of accuracy in test results is:

• A) MSDS.
• B) HIPAA.
• C) CLIA 1988.
• D) HMIS.

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Definitions:

Stock Repurchase

A financial transaction in which a company buys back its own shares from the marketplace, reducing the amount of outstanding stock.

P/E Ratio

The price-to-earnings ratio, a valuation metric for stocks calculated by dividing the market value per share by its earnings per share.

EPS

Earnings Per Share, a measure of a company's profitability that is calculated by dividing its net income by the number of outstanding shares.

Stock Repurchase

The process of a corporation repurchasing its own stocks from the market to potentially boost the value of the remaining stocks.