Hospital Administration Is Working with a University School of Nursing

question 7

Multiple Choice

Hospital administration is working with a university school of nursing to establish a nursing residency program. Why is this a desired action?

• A) A residency program eliminates the hospital's liability if a novice nurse makes an error.
• B) A residency program is established to make nursing education more like physician education.
• C) The Institute of Medicine (IOM) has proposed residency programs for nurses.
• D) A residency program ensures that nurses participate in lifelong learning.

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Definitions:

Job Order Cost System

An accounting system used to assign costs to individual jobs or batches, tracking the expenses associated with specific customer orders or projects.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the activities they use.

Not A Product Cost

Indicates an expense not directly tied to the creation of products, such as administrative or sales expenses.

Direct Labor

Costs attributed to the workers directly involved in the production of goods or services.