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The Hospital Has Implemented a Computerized Physician Order Entry System

question 4

Multiple Choice

The hospital has implemented a computerized physician order entry system (CPOE) to eliminate the need for written orders.The benefits of this system include which of the following? (Select all that apply. )


Definitions:

Merchandise

Merchandise encompasses the goods and products that a retail business purchases to then sell to its customers.

Lower of Cost

An accounting principle requiring that inventory be recorded at the lower of its historical cost or market value if the market value drops below cost.

Net Realizable Value

The estimated selling price in the ordinary course of business, minus the estimated costs of completion and the estimated costs necessary to make the sale.

Selling Price

The amount of money a buyer pays to purchase a product or service from a seller.

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