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What Action Will Allow Facilities to Better Track the Cost

question 22

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What action will allow facilities to better track the cost effectiveness of various nursing actions and allocate nursing resources most efficiently?


Definitions:

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business's assets that are ready or will be ready for sale.

Interest-Bearing Note

A debt instrument that pays interest to the holder until the maturity date, at which point the principal is repaid.

Interest

The cost of borrowing money or the return earned on an investment, typically expressed as a percentage.

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