Back Loading of Some Pre-Existing Data Must Be Completed for the System

question 33

Multiple Choice

Back loading of some pre-existing data must be completed for the system to create accurate medication administration records and billing charges. How is this best accomplished?

• A)Selected data from client records are loaded into the system by data entry specialists.
• B)Each staff member is responsible for inputting medications for each patient for the 24 hours prior to going live.
• C)When the system goes live, data from clients' medication administration records since admission are inputted for all clients.
• D)A pharmacist selects needed data from client medication administration records and inputs the data immediately prior to going live.

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Definitions:

Government-Granted Monopolies

These monopolies exist when a government gives exclusive rights to a single firm or entity to provide a good or service, often to ensure stability or to control quality and pricing.

Willingness to Pay

The maximum amount an individual is prepared to sacrifice to procure a good or avoid something undesirable.

Profit

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Perfectly Price Discriminate

A pricing strategy where a seller charges the maximum possible price for each unit consumed that the buyer is willing to pay.