After Explaining the Process, You Are Drawing Blood on 82-Year-Old

question 12

Multiple Choice

After explaining the process, you are drawing blood on 82-year-old Mrs. Green using an evacuated tube system. As you insert the third tube into the holder, the Mrs. Green begins to cry. You ask if she is in pain and she says, "No, but I am so scared! Why do they need this much blood? I must have a terrible disease!" Which of the following is your best response?

• A) "If you have a terrible disease, wouldn't you rather know about it?"
• B) "We don't really need this much blood-we always draw a couple of extra tubes."
• C) "Drawing blood does not necessarily mean you are ill; blood tests are one of the best ways to get an overall picture of your health."
• D) "I am drawing several tubes of blood because, at your age, there are many different tests that we have to run."
• E) "Don't worry; I'm sure everything will be fine."

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Definitions:

Stockholders' Equity

The portion of the balance sheet that represents the capital received from investors in exchange for stock (paid-in capital), donated capital and retained earnings, reflecting the residual assets of the company that would be returned to shareholders if all assets were liquidated and all debts paid.

Increase Assets

Enhancing the value of a company's resources or acquiring new physical, financial, or intangible properties that can provide economic benefits.

Decrease Assets

The reduction in the value or amount of the resources owned by a company, which can result from sales, disposal, or depreciation.

Accounting Equation

The fundamental equation underpinning the double-entry bookkeeping system: Assets = Liabilities + Equity.