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Lab Management Quiz 3 MLT-MLS UAMS Questions and Answers $12.99
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Exam (elaborations)

Lab Management Quiz 3 MLT-MLS UAMS Questions and Answers

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  • Course
  • Laboratory management
  • Institution
  • Laboratory Management

Lab Management Quiz 3 MLT-MLS UAMS Questions and Answers Goal A broad statement focusing on the organizations mission (Example: "the laboratory will increase cost effectiveness") Direct costs traced to a specific activity (Example: labor, reagents) Indirect costs Not directly sp...

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  • December 26, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Laboratory management
  • Laboratory management
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Lab Management Quiz 3 MLT-MLS UAMS
Questions and Answers
Goal - answer A broad statement focusing on the organizations mission
(Example: "the laboratory will increase cost effectiveness")

Direct costs - answer traced to a specific activity
(Example: labor, reagents)

Indirect costs - answer Not directly specific to an activity
(Example: inspection fees, instrument depreciation, overhead costs)

Fixed costs - answer do not vary as test volume changes
(example: utilities, salaries)

Variable costs - answer fluctuate with change in volume
(example: reagents and supplies)

Capital - answer Calculated for a three year period, involves placement of old
equipment or addition of new.

Operational - answer Based on cash sources and expenditures, and cover a 12
month period. Includes salaries, education and travel, each section's operating cost
(equip, reagents, supplies, expendables) or donor blood (purchased from OBI or Red
Cross)

Service - answer Contractual: services that will be needed on a regular bases like
vendor contracts and equipment services agreements. Time and Materials: You call for
service only when needed.

Strategic - answer An investment that will not show a positive return, but create a
more competitive environment (computer systems)

Cash - answer equipment you can expect to keep over 5 years and the only option
(microscopes, fridges, centrifuge)

Lease rental - answer Equipment you borrow, but return (high use equipment or
changing technology)

Lease purchase - answer Equipment you expect to keep and own at the end of the
contract period (stable technology you can't purchase via other plans)

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