As the Winning Contestant in a Television Game Show, You

question 16

Multiple Choice

As the winning contestant in a television game show, you are considering the prizes to be awarded.You must indicat sponsor which of the following two choices you prefer, assuming you want to maximize your wealth.Assume it is no January 1, and there is no danger whatever that the sponsor won't pay off. (1)
$1,000 now and another $1,000 at the beginning of each of the 11 subsequent months during the remainder of the year, to be deposited in an account paying 12 percent simple annual rate, but compounded monthly (to be left on deposit for the year) .
(2) $12,750 at the end of the year.
Which one would you choose?

• A)Choice 1
• B)Choice 2
• C)Choice 1, if the payments were made at the end of the year.
• D)The choice would depend on how soon you need the money.
• E)Either one, since they have the same present value.

Engage in self-reflection and corrective actions to enhance nursing practice.

Provide patient education and evaluate understanding.

Understand the five rights of delegation and their application in clinical settings.

Identify appropriate staff assignments based on patient care needs.

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Definitions:

Feelings Of Distress

Emotional suffering characterized by symptoms such as anxiety, depression, and angst.

Decatastrophize Thinking

A cognitive-behavioral therapy technique that involves challenging and reducing irrational fears and catastrophic thinking.

Cognitive Therapy

A form of psychotherapy that focuses on changing maladaptive thinking patterns to improve emotional responses and behavior.

Anxiety-provoking Situations

Scenarios or circumstances that induce a state of apprehension, tension, or fear due to perceived, imminent threats.