Which of the Following Is a Responsibility of an Institutional

question 27

Multiple Choice

Which of the following is a responsibility of an institutional review board (IRB) ?

• A) Secure informed consent for researchers
• B) Review written accuracy of research proposals
• C) Determine risk status of all studies
• D) Secure funding for institutional research

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Definitions:

Short Run

A time period in economics during which at least one input, such as plant size, is fixed and cannot be altered.

Profit Maximization

The procedure through which a business identifies the pricing and production volume that yields the highest earnings.

Market Price

The price at which a good or service is offered in the marketplace.

Profit Maximization

A rephrased definition: The strategy or aim of a firm to achieve the highest profit possible, usually by adjusting outputs, prices, or production costs.