An Important Aspect of Managing the Costs on a Unit

question 2

Multiple Choice

An important aspect of managing the costs on a unit is to plan accurately for staffing needs.Nurse managers use staffing plans to:

• A)Assign staff on the unit on a daily basis.
• B)Ensure that days off are planned for the staff.
• C)Outline the number of individuals by classification on a per-shift basis.
• D)Predict the numbers and classifications of float staff needed to augment regular staff.

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Definitions:

Price Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good.

Willingness-To-Pay

The maximum amount an individual is ready to spend to purchase a good or service or to avoid something undesirable.

Marginal Cost

The price required to create another unit of a good or service.

Advertising Elasticity of Demand

The responsiveness of the quantity demanded of a good to a change in the amount of advertising for that good.