-As the General Population Has Aged, There Has Been an Increase

question 99

Multiple Choice

-As the general population has aged, there has been an increase in the number of nursing homes, community health facilities along with the development of home care facilities.All of these factors have produced an increase in the demand for nurses.Simultaneously, improved job opportunities for women other fields have reduced the supply of nurses.Despite these factors, hospitals, the major employers of nurses, have resisted wage increases.The resulting situation can be described as

• A)a cost disease in the service sector.
• B)a shortage of nurses.
• C)the problem of auxiliary restrictions.
• D)a wage floor problem.

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Definitions:

Net Realizable Value

The estimated selling price in the ordinary course of business minus the estimated costs of completion and the estimated costs necessary to make the sale.

Estimated Future Returns

Projections or forecasts about the potential gains or incomes from investments over a future period.

Sales Discounts

A reduction in the price of goods or services offered to customers, usually to prompt early payment or reward bulk purchases.

Gross Price Method

Gross Price Method involves recording inventory at its gross price, before deducting any trade discounts or rebates.