If There Is a Shortage of Nurses, It Is Expected

question 143

Multiple Choice

If there is a shortage of nurses, it is expected that

• A) wages for nurses will go up as hospitals try to fill these positions.
• B) wages for nurses will go down because of the increased competition between hospitals.
• C) the return on the human capital investment of current nursing majors will decline.
• D) wages for nurses currently practicing will increase, but new nurses will experience lower wages in the future.

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Definitions:

Constant Sales Mix

An assumption in cost-volume-profit analysis that the sales mix will remain unchanged as sales levels vary.

Assumption

A basic premise or belief that is accepted as true without proof as the basis for argument or inference.

Multiproduct Company

A business entity that manufactures or sells more than one type of product, often across different product lines or industries.

Sales Volumes

The total quantity of a product or service sold by a company during a specific period.