Which of the following means "net profit"?

Overall cost multiplied by Desired percent profit
Overall cost multiplied by Selling price
Selling price minus Purchase price
Purchase price minus Discount

Overall cost multiplied by Desired percent profit

Rationale: Net profit is the overall cost multiplied by the Desired percent profit. It is also called bottom line, net income, or net earnings. Net profit is the actual profit without inclusion of working expense in the calculation of gross profit.

Health Professions

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Which of the following is a true statement regarding quality improvement and risk management procedures?

A) They must be kept with the administrative procedures. B) They must be kept in separate notebooks and updated regularly. C) They must be kept with the clinical procedures. D) They should be made available to patients and kept in the patient information pamphlet.

Health Professions

If a sodium citrate tube is "overfilled," what can happen?

a. shortened clotting times b. longer clotting times c. the additive is inactivated d. nothing bad can happen

Health Professions