Quality System Essentials (QSEs) Form the Basis of a Laboratory's

question 4

Multiple Choice

Quality system essentials (QSEs) form the basis of a laboratory's quality management system (QMS) and contain the management information needed for a laboratory to perform quality work. Which of the following items might be studied as part of an examination of a laboratory's purchasing and inventory?

• A) Total budget for purchase of reagents
• B) A check to verify that all a laboratory's instrument are owned by the laboratory
• C) Availability of adequate reagents, supplies, and service arrangements
• D) Number of years each instrument has been in use

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Definitions:

Short-run

A timeframe in economics during which at least one factor of production is fixed and cannot be changed.

MC

is an abbreviation for Marginal Cost, which represents the change in total cost that arises when the quantity produced is incremented by one unit.

ATC

Average Total Cost is determined by dividing the total production expense by the output quantity.

Perfectly Competitive Firm

A firm that operates in a market where there are many buyers and sellers, the products are homogeneous, and no single buyer or seller can influence the market price.