A Patient Is Signing a Surgical Consent

question 13

Multiple Choice

A patient is signing a surgical consent. Afterwards, the nurse also signs the form. What is the meaning of the nurse's signature?

• A) It means the patient was alert and aware of what was being signed.
• B) It means the patient understood the procedure as described by the nurse.
• C) It means the surgeon was too busy to wait for the patient to sign the form.
• D) It means there is a likelihood of a successful outcome.

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated before any adjustments for cost of sales.

Perpetual Inventory System

A bookkeeping approach that instantly logs the sale or acquisition of stock using computerized point-of-sale systems and enterprise asset management programs.

FIFO

FIFO, or First-In, First-Out, is an inventory valuation method where goods produced or acquired first are sold, used, or disposed of first.

Ending Inventory

The full value of articles ready to be sold at the conclusion of an accounting duration.