The Unit Manager Is Working in a Large Metropolitan Facility

question 12

Multiple Choice

The unit manager is working in a large metropolitan facility and is told that two UNPs are to be assigned to work with her.Delegation begins with:

• A)Acknowledging the arrival of the second UNP on the unit.
• B)Providing clear directions to both UNPs.
• C)Matching tasks with qualified persons.
• D)Receiving reports from the prior shift.

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Definitions:

Accounting Profits

The total revenue of a business minus the explicit costs, reported on financial statements according to standard accounting practices.

Economic Profits

The disparity between total income and combined expenses, encompassing both out-of-pocket and hidden costs.

Economic Profits

The margin between an organization's complete earnings and its aggregate expenditures, covering both visible and hidden costs.

Implicit Costs

Implicit costs are the opportunity costs of using resources owned by the business for production instead of lending, selling, or renting them out.