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One of the Things That Underwriters Look for in a Company

question 54

Multiple Choice

One of the things that underwriters look for in a company that wants to go public is:

Understand the application of patient care techniques and preparation.
Learn the importance of effective communication and professionalism in healthcare.
Comprehend basic principles of pharmacology, emergency management, and first aid as applied in a clinical setting.
Recognize the significance of medical law, regulatory guidelines, ethics, and risk management in the practice of medical assisting.

Definitions:

Materials Quantity Variance

The discrepancy between what was actually used in terms of material for production and what was anticipated, times the standard cost for each unit.

Direct Material

Primary materials used in the making of a product that can be directly traced to the finished good.

Materials Price Variance

The difference between the actual cost of materials purchased and the expected (standard) cost, multiplied by the quantity of materials.

Labor Efficiency Variance

A measure used to assess the difference between the actual hours worked and the standard hours allotted to complete a task, multiplied by the standard hourly labor rate.

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