A Nursing School Dean Is Looking for External Funding for an Innovative

question 9

Multiple Choice

A nursing school dean is looking for external funding for an innovative program that recruits underemployed sectors of the workforce into nursing.Which action by the dean would most likely result in gaining external funding for this new program?

• A) Apply for federal grants through the Department of Health and Human Services Bureau of Health Professions (DHHS BHP).
• B) Contact governmental agencies to gain scholarship money for specific students.
• C) Negotiate with a local hospital to sponsor, or fund, education for some students.
• D) Work with the Alumni Association to find corporate or individual sponsors.

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Definitions:

Journal Entry

A record of financial transactions in the accounting system, showing accounts affected, amounts, and whether those accounts are debited or credited.

Petty Cash Account

A modest sum of money maintained readily available for covering various minor outlays instantly.

Establishing

The process of setting up or founding something, such as a new business, system, or set of rules.

Replenishing

The act of refilling or restocking to maintain an adequate level of supplies or inventory.