Examlex
New physician orders are transcribed for a patient to receive a colonoscopy. What must be completed before the colonoscopy to indicate the patient has been given full knowledge about what will be done along with its risks and complications?
Bowed Outward
Describes a curve on a graph, typically a production possibility frontier, indicating increasing opportunity costs when shifting resources between two goods.
Opportunity Cost
The cost of choosing one option over another, typically the best alternative forgone as a result of making a decision.
Efficient
Efficiency refers to the optimal production and distribution of resources in a way that best meets the needs and desires of consumers.
Scarce Resources
Natural, human, and capital resources that are limited in supply and can be used for the production of goods and services.
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