The Nurse Has Been Asked to Assume a First-Level Management

question 6

Multiple Choice

The nurse has been asked to assume a first-level management role on the nursing unit. Which statement indicates that this nurse will need further mentoring in the new role?

• A) "I won't be able to increase my team's motivation. That has to come from within them."
• B) "As a manager, I will be available for my team if problems with clients arise."
• C) "One of my roles will be to make sure assignments are clear and understandable."
• D) "I will still be responsible for the care being provided even if I am off the unit during the day to attend meetings."

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Definitions:

Internal Rate

Often refers to the internal rate of return (IRR), which is a metric used to evaluate the profitability of potential investments.

Minimum Required

The least amount or level needed for a specific purpose, such as the minimum required investment or stock balance.

Net Present Value

The difference between the present value of an investment project’s cash inflows and the present value of its cash outflows.

Discount Rate

The interest rate used to discount future cash flows to present value, often reflecting the cost of capital or risk level.