This document provides an overview of bioassay, including definitions, objectives, characteristics, methodology, and types. It defines bioassay as the comparative assessment of the potency of a test compound relative to a standard compound on living tissue. The key objectives are identification and quantification of compounds, and screening for drug production. Methodology involves organ bath experiments using isolated tissues and physiological salt solutions. Types include direct endpoint, quantal, and graded assays like bracketing, matching, and interpolation. The document discusses sources of error and how to minimize them.