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PHMD 5250 Exam 1 Questions and Answers 100% Solved

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PHMD 5250 Exam 1 Questions and Answers 100% Solved a process which brings together resources and unites them in such a way that, collectively, they achieve goals or objectives in the most efficient manner possible - management according to the relative value theorem, which of the following fac...

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  • November 1, 2024
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  • 2024/2025
  • Exam (elaborations)
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PHMD 5250 Exam 1 Questions and

Answers 100% Solved


a process which brings together resources and unites them in such a way

that, collectively, they achieve goals or objectives in the most efficient

manner possible - ✔✔management

according to the relative value theorem, which of the following factors

trumps the others such that, if this factor is low, the consumer/user is likely

not to place a relative value on the product, regardless of how they assess

the product on the other two factors?

a) perceived value (PV)

b) price (P)

c) service (S) - ✔✔a) perceived value (PV)

when leaders consider issues and actions warranting ethical decision

making, how is it possible for ethics to be compromised?

a) not giving an issue due diligence due to lack of time

b) via the application of the policy and procedure manual

c) leadership is told how to handle the situation

,©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
d) taking an unbiased approach to the situation - ✔✔a) not giving an issue

due diligence due to lack of time

which of the managerial sciences tracks and organization's financial

transactions?

a) finance

b) economics

c) accounting

d) marketing

e) operations management - ✔✔c) accounting

a pharmacist would like to hold an immunization clinic at her pharmacy.

before holding the clinic, she needs to determine what types of

immunizations the pharmacy should provide and when they will be offered.

which management activity did she just perform?

a) control

b) plan

c) organize

d) lead - ✔✔b) plan

according to the definition of management, which of the following people

should be considered managers? select all that apply:

a) director of pharmacy at a hospital

,©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
b) staff pharmacist at a community pharmacy

c) student pharmacist at a school of pharmacy - ✔✔all of them

which of the following factors does not influence the demand for the goods

and services offered by pharmacists and pharmacies?

a) the needs of pharmacists to make a living and pay off their student loans

b) the needs for patients to live happy, healthy lives for as long as possible

c) the needs of other health care providers for knowledge of how to best

use medications

d) the needs of the payers of health care to serve as many people as

possible at the lowest possible cost - ✔✔a) the needs of pharmacists to

make a living and pay off their student loans

which of the following best describes what is meant by the term "value"?

a) an evaluation of the benefits obtained by a consumer/user relative to

what they had to sacrifice to obtain those benefits

b) a good or service which provides a high amount of benefits to its

consumer/user

c) a good or service that can be obtained by a consumer/user at a low cost

- ✔✔a) an evaluation of the benefits obtained by a consumer/user relative

to what they had to sacrifice to obtain those benefits

, ©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
pharmacists can enhance the relative value (RV) of the goods and services

they offer consumers by: (select all that apply)

a) providing goods and services that health care stakeholders need and

want

b) offering goods and services at a price/cost that health care stakeholders

are willing and able to pay

c) use marketing activities to educate and influence health care

stakeholders of what they can offer - ✔✔all of them

a typical community pharmacy, after paying their expenses for the goods

they sell and their overhead expenses, generates how much net profit for

every dollar of sales?

a) 1-5 cents

b) 10-15 cents

c) 25-30 cents

d) 40-50 cents - ✔✔a) 1-5 cents

within the Markkula center framework for ethical decision making, which of

the following are not considered ethics? select all that apply:

a) feelings

b) religion

c) science

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