A Factor Evaluation System

question 18

Multiple Choice

A factor evaluation system:

• A)Utilizes financial data to determine number of staff-to-patient ratios.
• B)Utilizes DRGs to determine acuity on a unit.
• C)Combines interventions and time required for interventions to determine levels of care required.
• D)Combines financial resources and nursing interventions to determine patient contact hours.

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Definitions:

Semiannual Interest

The interest on a financial obligation, such as a bond or loan, that is paid twice a year.

Fiscal Year

A one-year period companies use for accounting purposes and preparing financial statements, which may or may not align with the calendar year.

Convertible Bond

A type of bond that can be converted into a predetermined amount of the issuing company's equity at certain times during its life.

Contract Rate

A predetermined fixed rate in a contract used to calculate payments, often found in finance agreements.