Business Math Week 4 Test

Question 1

______ are potential bacterial antibiotics that act by creating fissures in the outer membrane of the bacterial cell.

Answer 1

Aminoglycosides

Question 2

Which drug, used to treat severe infections, can weaken the tendons in the shoulder, hand, and heel?

Answer 2

Fluoroquinolones

Question 3

Pyrimethamine inhibits ___ reduction

Answer 3

Folic acid

Question 4

Ketoconazole is the generic name for :

Answer 4

Nizoral

Question 5

Amphotericin-B is indication for:

Answer 5

Systemic fungal infections

Question 6

Azidothymidine is a______ indication for HIV patients.

Answer 6

Nucleoside analogue

Question 7

Aztreonam is classified as which kind of drug?

Answer 7

Monobactams

Question 8

Levofloxacin is classified as which kind of drug?

Answer 8

Fluoroquinolone

Question 9

Zinacef is classified as which kind of drug?

Answer 9

Cephalosporin

Question 10

Gentamicin is classified as which kind of drug?

Answer 10

Aminoglycoside

Question 11

Erythromycin is classifiedas which kind of drug?

Answer 11

Macrolide

Question 12

Biaxin is classified as which kind of drug?

Answer 12

Macrolide

Question 13

_________ organisms do not require oxygen for life.

Answer 13

Anaerobic

Question 14

A_______ is a disease-causing organism.

Answer 14

Pathogen

Question 15

_________organisms Require oxygen for life.

Answer 15

Aerobic

Question 16

Whatisa plant-like filamentous or single-celled eukaryotic organism?

Answer 16

Fungus

Question 17

A patientwho is PCN-allergic will do better with:

Answer 17

Macrolides

Question 18

What are used as systemic agents for antiacne, antibacterial, and antiprotozoals, and as an antirheamatic agent?

Answer 18

Tetracyclines

Question 19

Why are aminoglycosides usually reserved for the treatment of sever infections of the abdomen, urinary tract, endocarditis, and bacteremia?

Answer 19

Antibacterial activity, spectrum, and the toxic effects

Question 20

Ceclor is a ______ generation cephalosporin?

Answer 20

Second gen.

Question 21

What is the goal of apharmacy business?

Answer 21

To make a profit while caring for patient needs

Question 22

To maintain a profitable business, many pharmacies have had to;

Answer 22

Diversify their products and services

Question 23

Which of the following is not a vital component of aa successful business?
-Controling inventory -accounts receivable- Pharmacy products- cash flow

Answer 23

Pharmacy products

Question 24

Every product in a pharmacy has three essential numbers, which include all of the following except:
Cost, markup, selling price, net profit

Answer 24

Net profit

Question 25

What is of particular importance when taking quarterly or annual inventory?

Answer 25

Invoice cost

Question 26

Another term for cost or invoice cost is?

Answer 26

Acquisition cost

Question 27

Many pharmacies use acoding system in which numbers are represented by

Answer 27

Letters in a particular word

Question 28

The total amount of money the pharmacy receives for the sale of a particular product is the

Answer 28

Selling price

Question 29

What is the amount entered into the cash register when ringing up an OTC item?

Answer 29

Retail price

Question 30

In what circumstances would a patient not pay the full selling price for a medication?

Answer 30

When a third party plan pays all but the copayment

Question 31

In what kind of co-payment system would different drags have different co-pay amounts?

Answer 31

Tiered

Question 32

In atiered co-pay system where copay are $10,$20 and $60, what would most likely be in the $20 tier?

Answer 32

Preferred brandname products

Question 33

Third-party insurance plans set _______ to calculate the total price for each prescription.

Answer 33

Reimbursement formulas

Question 34

The customer co-payment and the ________ are transmitted from the insurer back to the pharmacy computer system at the time of processing.

Answer 34

Total price

Question 35

Most pharmacy systems perform a weekly price update of all files’ _____ data.

Answer 35

AWP

Question 36

AWP stands for:

Answer 36

Average whole sale price

Question 37

Before calculating third party coverage, what information is needed besides the AWP, the percentage discount, and the flat processing fee?

Answer 37

Quantity required

Question 38

How will the insurance company most likely pay the pharmacy?

Answer 38

By check or electronic transfer for individual claims

Question 39

A product is being moved to the clearance table to be sold at 1% less than cost. The product has standard 100% markup. If the product ordinarily sells for $25, what is the sale price?

Answer 39

$12.28

Question 40

Mark up is usually calculated as a

Answer 40

Percentage

Question 41

What formulat is a correct formula to calculate mark up percentage?

Answer 41

Markup/costx100=markup percent

Question 42

The difference between the selling price and the costs associated with a product are the

Answer 42

Profit

Question 43

When a pharmacy sells a product for $12 more than it paid for it, that $12 is considered

Answer 43

Gross profit

Question 44

What is the correct formula for calculating gross profit?

Answer 44

Gross profit = selling price-cost

Question 45

To calculate the gross profit percent, divide the gross profit by the

Answer 45

Selling price

Question 46

Correct formula for calculating gross profit percent

Answer 46

Gross profit/selling price x 100 = gross profit percent

Question 47

When most people refer to a business’s making a profit, which type of profit do they mean?

Answer 47

Net profit

Question 48

Why is net profit referred to as “the bottom line”?

Answer 48

Because it is the actual last line on a standard accounting income statement