Pharmacy Management Exam 1 UPDATED
Exam Questions and CORRECT Answers
Studies in pharmacy practice and management have shown that:
A. Strategic planners are less likely to provide medication therapy management services.
B. Pharmacy alumni would have preferred less training in management during school.
C. Pharmacists' ability to comply with standards is partly due to effectiveness of managers.
D. Domains of pharmacy care functions are mostly clinical in nature. - CORRECT
ANSWER - C. Pharmacists' ability to comply with standards is partly due to effectiveness
of managers.
Which of the following best describes the confluence in the roles of a pharmacist in business and
clinical practice?
A. The commission of fraudulent acts by pharmacists evidences their widespread lack of ethical
business practices.
B. The motives of profit generation and patient care can actually be used synergistically by good
pharmacists.
C. The level of care provided by professionals in nonprofit companies consistently betters the
care provided by those in for-profit companies.
D. The best pharmacists typically are clinical purists who pay little mind to the aspects of being
part of an effectively run business. - CORRECT ANSWER - B. The motives of profit
generation and patient care can actually be used synergistically by good pharmacists.
Which of the following best describes pharmacy practice in the early part of the twentieth
century?
A. Pharmacists were less likely to be involved in compounding than they are today.
B. There lacked clear distinctions among drugs as "prescription" versus "nonprescription."
C. Pharmacists were required to obtain baccalaureate degrees to enter the profession.
D. The pharmacy profession was highly regulated at federal, state, and local levels - CORRECT
ANSWER - B. There lacked clear distinctions among drugs as "prescription" versus
"nonprescription."
,Which of the following best describes changes in general pharmacy practice during recent
decades?
A. Scope of practice regulations for pharmacists has become more narrowed.
B. Patients hold Pharmacists ultimately accountable for their health outcomes.
C. Pharmacists are increasingly part of interdisciplinary health care teams.
D. The sequential processes in community pharmacy practice have changed markedly. -
CORRECT ANSWER - C. Pharmacists are increasingly part of interdisciplinary health
care teams.
Which of the following functions helps to define those actions commonly performed when
conducting economic analysis?
A. Preparing financial statements
B. Determining the optimal mix of labor and capital
C. Developing operating budgets
D. Pricing goods and services - CORRECT ANSWER - B. Determining the optimal mix of
labor and capital
evidence suggests that many students interested in pharmacy as a career:
A. Are risk averse
B. Do not care about the income potential of a pharmacist
C. Score highly on tests to gauge entrepreneurial skills
D. Perform more community service than other undergraduate students - CORRECT
ANSWER - A. Are risk averse
the delivery of pharmacy goods and services are affected by each of the following except:
A. Type and level of insurance coverage for patients
B. Patients' attitudes and belief systems about medications
C. The pharmacy's dispensing and clinical support technologies
D. The school where the pharmacist received his/her degree - CORRECT ANSWER - D.
The school where the pharmacist received his/her degree
, what level of management occurs when a pharmacist reads a continuing education article to learn
how to bill insurance companies for the immunizations provided to patients at the pharmacy?
A. Individual
B. Interpersonal
C. Organizational
D. Situational - CORRECT ANSWER - A. Individual
which of the managerial sciences analyzes the sources and uses of an organization's funds?
A. Accounting
B. Finance
C. Economics
D. Human resources management - CORRECT ANSWER - B. Finance
in today's economy, most employees work in
A. Manufacturing firms
B. Construction firms
C. Service firms
D. Consulting firms - CORRECT ANSWER - C. Service firms
a pharmacist recently held an immunization clinic at his pharmacy. He sent a satisfaction survey
to patients to evaluate their experience in the clinic. What management activity did he perform
by using a satisfaction survey to evaluate patient experiences with the clinic?
A. Planning
B. Organizing
C. Leading
D. Controlling - CORRECT ANSWER - D. Controlling
Exam Questions and CORRECT Answers
Studies in pharmacy practice and management have shown that:
A. Strategic planners are less likely to provide medication therapy management services.
B. Pharmacy alumni would have preferred less training in management during school.
C. Pharmacists' ability to comply with standards is partly due to effectiveness of managers.
D. Domains of pharmacy care functions are mostly clinical in nature. - CORRECT
ANSWER - C. Pharmacists' ability to comply with standards is partly due to effectiveness
of managers.
Which of the following best describes the confluence in the roles of a pharmacist in business and
clinical practice?
A. The commission of fraudulent acts by pharmacists evidences their widespread lack of ethical
business practices.
B. The motives of profit generation and patient care can actually be used synergistically by good
pharmacists.
C. The level of care provided by professionals in nonprofit companies consistently betters the
care provided by those in for-profit companies.
D. The best pharmacists typically are clinical purists who pay little mind to the aspects of being
part of an effectively run business. - CORRECT ANSWER - B. The motives of profit
generation and patient care can actually be used synergistically by good pharmacists.
Which of the following best describes pharmacy practice in the early part of the twentieth
century?
A. Pharmacists were less likely to be involved in compounding than they are today.
B. There lacked clear distinctions among drugs as "prescription" versus "nonprescription."
C. Pharmacists were required to obtain baccalaureate degrees to enter the profession.
D. The pharmacy profession was highly regulated at federal, state, and local levels - CORRECT
ANSWER - B. There lacked clear distinctions among drugs as "prescription" versus
"nonprescription."
,Which of the following best describes changes in general pharmacy practice during recent
decades?
A. Scope of practice regulations for pharmacists has become more narrowed.
B. Patients hold Pharmacists ultimately accountable for their health outcomes.
C. Pharmacists are increasingly part of interdisciplinary health care teams.
D. The sequential processes in community pharmacy practice have changed markedly. -
CORRECT ANSWER - C. Pharmacists are increasingly part of interdisciplinary health
care teams.
Which of the following functions helps to define those actions commonly performed when
conducting economic analysis?
A. Preparing financial statements
B. Determining the optimal mix of labor and capital
C. Developing operating budgets
D. Pricing goods and services - CORRECT ANSWER - B. Determining the optimal mix of
labor and capital
evidence suggests that many students interested in pharmacy as a career:
A. Are risk averse
B. Do not care about the income potential of a pharmacist
C. Score highly on tests to gauge entrepreneurial skills
D. Perform more community service than other undergraduate students - CORRECT
ANSWER - A. Are risk averse
the delivery of pharmacy goods and services are affected by each of the following except:
A. Type and level of insurance coverage for patients
B. Patients' attitudes and belief systems about medications
C. The pharmacy's dispensing and clinical support technologies
D. The school where the pharmacist received his/her degree - CORRECT ANSWER - D.
The school where the pharmacist received his/her degree
, what level of management occurs when a pharmacist reads a continuing education article to learn
how to bill insurance companies for the immunizations provided to patients at the pharmacy?
A. Individual
B. Interpersonal
C. Organizational
D. Situational - CORRECT ANSWER - A. Individual
which of the managerial sciences analyzes the sources and uses of an organization's funds?
A. Accounting
B. Finance
C. Economics
D. Human resources management - CORRECT ANSWER - B. Finance
in today's economy, most employees work in
A. Manufacturing firms
B. Construction firms
C. Service firms
D. Consulting firms - CORRECT ANSWER - C. Service firms
a pharmacist recently held an immunization clinic at his pharmacy. He sent a satisfaction survey
to patients to evaluate their experience in the clinic. What management activity did he perform
by using a satisfaction survey to evaluate patient experiences with the clinic?
A. Planning
B. Organizing
C. Leading
D. Controlling - CORRECT ANSWER - D. Controlling
