The Nurses on a Busy Medical-Surgical Unit Have Decided to Change

question 7

Multiple Choice

The nurses on a busy medical-surgical unit have decided to change to a team nursing approach to patient care. Which of the following is an advantage of team nursing?

• A) Unlicensed assistive personnel can carry out some of the functions that do not require a registered nurse's expertise.
• B) The registered nurse provides all care to the same patient or patients for the entire shift.
• C) Tasks can be carried out that require several persons because an assigned team is readily available.
• D) Unlicensed assistive personnel can carry out some of the functions that do not require a registered nurse's expertise and the registered nurse provides all care to the same patient or patients for the entire shift.
• E) Unlicensed assistive personnel can carry out some of the functions that do not require a registered nurse's expertise and tasks can be carried out that require several persons because an assigned team is readily available.

Analyze the variance reports for better management decisions and its importance for internal reporting.

Recognize the components of the balanced scorecard approach and its perspective exclusion.

Determine the correct treatment of variance accounts within financial reporting.

Understand the implications of reporting costs at standard versus actual costs for external financial statements.

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Definitions:

Residual Claim

A financial term referring to the right of shareholders to claim what remains of a company's assets after all debts have been paid in the event of liquidation.

Common Stockholders

Common stockholders are investors who own shares of a company's common stock, granting them the right to vote at shareholder meetings and receive dividends.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts, providing for the reorganization or liquidation of the debtor's assets to pay off creditors.

Constant Growth Model

A dividend discount model that assumes dividends will increase at a constant growth rate indefinitely, useful for valuing stocks.