ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Class I
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Class II
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Class III
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Class IV
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Detailed explanation-1: -Class I Recalls by the US Food and Drug Administration (FDA) are the most severe type of FDA recall. In a Class-I recall there is a potential for serious injury or death.
Detailed explanation-2: -Understanding Recalls Based Upon FDA Classification Class III: Used for prescription and over-the-counter medicines that do not meet FDA labeling or manufacturing standards but are deemed unlikely to cause adverse health consequences.
Detailed explanation-3: -Dive Brief: The number of Class I medical device recalls by the U.S. Food and Drug Administration hit a 15-year high in 2022, according to a report by Sedgwick. In 2022, the FDA oversaw 70 Class I recalls, its highest risk classification, compared to an average of 47 over the previous five years.