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A patient is having an operation in the morning.During the nurse's shift, the patient asks several questions that lead the nurse to determine that the patient does not understand the procedure.The best action by the nurse is to:
Pension Funds
Investment pools, typically of large size, established to manage and invest the retirement funds of employees, offering them income upon retirement.
Credit Unions
Member-owned financial cooperatives that provide the same services as banks but are typically nonprofit, aiming to serve their members rather than maximize profit.
Agency Problem
A conflict of interest inherent in any relationship where one party is expected to act in the best interest of another.
Moral Hazard
A condition in which a person can benefit, usually financially, by acting unethically or immorally, i.e., the person is tempted to be less than honest and ethical. An insurance term. A moral hazard exists when executive compensation is heavily based on the market price of the company’s stock.
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