Why Does Nursing Data Need to Be Stored in a Standard

question 32

Multiple Choice

Why does nursing data need to be stored in a standard format?

• A)To ensure similar assessment and treatment methods
• B) To make it measurable and retrievable
• C)To detail patient needs for research
• D)To ensure all nurses utilize the same vocabulary

Identify the current international body responsible for establishing accounting rules.

Define generally accepted accounting principles (GAAP) and their significance in accounting practices.

Understand the fundamental principles and calculations involved in activity-based costing (ABC).

Comprehend the distinctions among plantwide overhead rate, departmental overhead rate, and ABC.

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Definitions:

Fair Labor Standards Act

A U.S. law that sets out various labor regulations regarding interstate commerce employment, including minimum wages, requirements for overtime pay, and limitations on child labor.

Gross Earnings

The total income earned by an individual or company before deductions such as taxes and retirement contributions.

Regular Earnings

Income received from standard work hours or salary, excluding overtime or bonuses.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance, a U.S. payroll tax that funds Social Security and is shared between employers and employees.