Use the Following to Answer Questions

question 87

Multiple Choice

Use the following to answer questions:
Scenario: Diversification
Morris is considering investing $10,000 in a sunglass company or a rain poncho company. If it is a rainy year and he invests only in the sunglass company, he will lose $5,000. However, if it is a rainy year and he invests only in the rain poncho company, he will earn $10,000. If it is a sunny year and he invests only in the sunglass company, he will earn $10,000; if he invests only in the rain poncho company, he will lose $5,000 in a sunny year. There is a 50% chance of a sunny year and a 50% chance of a rainy year.
-(Scenario: Diversification) Look at the scenario Diversification. If Morris invests half of his money in the sunglass company and half in the rain poncho company, he will earn _____ in a sunny year and _____ in a rainy year.

• A) $2,500; $0
• B) $1,250; $1,250
• C) -$2,500; $2,500
• D) $2,500; $2,500

Apply knowledge of evidence-based practice in formulating clinical questions.

Understand the role of national databases and their contributions towards nursing quality improvement.

Describe nursing-sensitive outcomes and their significance in evaluating patient care interventions.

Appreciate the need for consideration of patient-specific factors when applying research findings to clinical practice.

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Definitions:

Treadmill of Production

An environmental sociology theory that suggests economic growth demands corresponding increases in environmental resource extraction and leads to ecological degradation.

Environmental Racism

The disproportionate impact of environmental hazards on minority communities, stemming from policies and practices that discriminate based on race or socioeconomic status.

Kyoto Protocol

An international agreement linked to the United Nations Framework Convention on Climate Change that commits its parties to greenhouse gas emissions reduction targets.

Economic Growth

An increase in the production of economic goods and services, compared from one period of time to another, typically measured by GDP (Gross Domestic Product).