ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A restricted formulary is a mixture of both ____ and ____ formularies.
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open, closed
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open, classified
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closed, confidential
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closed, restricted
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Explanation:
Detailed explanation-1: -An open formulary has no limitation to access to a medication. Open formularies are generally large. A closed formulary is a limited list of medications. A closed formulary may limit drugs to specific physicians, patient care areas, or disease states via formulary restrictions.
Detailed explanation-2: -While “open” and “closed” formularies typically are used to denote the spectrum of evaluation, from a passive to active process, other permutations of formularies are known to exist.
Detailed explanation-3: -There are three basic types of formularies-open, closed or restricted and incentive based.
There is 1 question to complete.