Regarding Record Retention,which Statement Is Not True

question 14

Multiple Choice

Regarding record retention,which statement is not true?

• A)Facilities must comply with all regulatory retention requirements.
• B)Many records are stored electronically.
• C)There must be a method for backing up all critical data.
• D)Transfusion records must be stored for at least 7 years.

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Definitions:

Long Lines

Typically a result of excessive demand or insufficient supply, creating a situation where people have to wait for a long time to avail of a service or purchase a product.

Rationing Methods

Techniques used to distribute scarce goods among consumers when demand exceeds supply, such as price increments, waiting lists, or coupons.

Binding Price Ceiling

A government-imposed limit on the price of a good or service that is set below the equilibrium market price, leading to shortages.

Binding Price Ceiling

A price ceiling set below the equilibrium price, leading to a shortage of goods since demand exceeds supply at the set price.