The Major Benefits of Laboratory Automation Include All of the Following

question 12

Multiple Choice

The major benefits of laboratory automation include all of the following except:

• A) reduction of medical errors.
• B) improved safety for laboratory staff.
• C) longer turnaround time of results.
• D) more reliable results.

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Definitions:

Social Cost

The total cost to society, including both private and external costs, of producing a good or service.

Private Cost

The costs directly incurred by individuals or companies involved in conducting an economic activity, excluding any external effects on others.

External Cost

A cost of a transaction that affects someone who did not choose to incur that cost, often associated with negative side effects of economic activities not reflected in market prices.

Social-Cost Curve

A graphical representation showing the total cost to society of producing various levels of a particular good or service, including both private costs and external costs.