Which of the Following Is Least Likely to Be a Cost

question 30

Multiple Choice

Which of the following is least likely to be a cost objective?

• A)Salaries such as those in the accounting and personnel departments
• B)Individual products such as spades and mowers
• C)Product lines such as loans and estate plans
• D)Departments such as assembly and finishing

Recognize the significance of legislation and public policies affecting nursing practice and healthcare delivery.

Appreciate the contributions of nurses in military contexts and their recognition.

Identify the current state of nursing education, practice settings, and demographic trends.

Understand the role of nurses in patient education and interprofessional relationships.

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Definitions:

Partnership

A business arrangement recognized by law involving two or more partners who collectively oversee the business and divide its profits.

Cooperatives

Organizations owned and operated by a group of individuals for their mutual benefit, where profits and decision-making are shared among members.

Incorporated

A business that has been formed into a legal corporation, providing its owners with limited liability.

Limited Liability Company (LLC)

An unincorporated business that is taxed like a partnership, with the members paying personal income taxes, and has the limited liability of a corporation.