ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the purpose of formularies?
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To eliminate therapeutic effect
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To increase therapeutic cost
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To eliminate duplication
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To provide prescribers with a list of drugs that may have longer half-lives
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Explanation:
Detailed explanation-1: -Formulary is a continually revised compilation of pharmaceuticals and some important ancillary information that reflects the current clinical judgement of medical staff.
Detailed explanation-2: -Hospital formulary reduces the inventory cost of the drugs. It regulates the number of medicines by improving the procurement and inventory management. 3. It improves the quality assurance and easier dispensing.
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