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The Nurse Using the PACE Interview Guide for Persons at Risk

question 15

Multiple Choice

The nurse using the PACE interview guide for persons at risk for substance abuse arrives at a score of 2 for an adolescent patient.The nurse should assess this score as:

Distinguish between tangible and intangible products.
Grasp the economic issues of supply and demand, including understanding limited resources.
Comprehend the concept of profit as the primary goal of business and its societal implications.
Identify the role and importance of stakeholders in an organization’s success.

Definitions:

Overhead Rate

The rate used to allocate manufacturing overhead to individual units of product, typically based on a standard measure such as labor hours or machine hours.

Normal Costing System

An accounting method that assigns indirect costs based on a predetermined rate and direct costs based on actual values.

Actual Overhead Costs

The real expenses incurred for indirect materials, labor, and other costs that are not directly tied to the production of goods or services.

Predetermined Overhead Rate

The predetermined overhead rate is calculated by dividing estimated total overhead costs by an estimated allocation base, used to allocate overhead to products or job orders.

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